1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Andrei [34K]
4 years ago
12

A random sample of 89 tourists in chattanooga showed that they spent an average of $2860 (in a week) with a standard deviation o

f $126; and a sample of 64 tourists in orlando showed that they spent an average of $2935 (in a week) with a standard deviation of $138. we are interested in determining if there is any significant difference between the average expenditures of all the tourists who visited the two cities.

Business
2 answers:
Vladimir79 [104]4 years ago
8 0

Answer:

(a) 151 (b) 21430 (c) p value = 0.008 (d) We reject the null hypothesis and conclude that there is a significant difference between average expenditure of all tourist who visited the cities

Explanation:

Given that:

Let the random sample n₁ = 89

The average (x₁) = $2860

The standard deviation(σ) = $126

Random sample n = 64

The average (x₂) =  $2935

The standard deviation(σ) = $138

Now,

(a) = The test degree of freedom =  n₁ +n₂₂ - 2 = 89 +62 -2

= 151

Note kindly find an attached copy work to part of the solution of this exercise below

faust18 [17]4 years ago
6 0

Answer:

The complete question is given in the explanation box below and the solutions to the problem is shown in the pictures attached herewith accordingly. Thank you.

Explanation:

a. Determine the degrees of freedom for this test.

b. Compute the test statistic.

c. Compute the p-value.

d. What is your conclusion? Let α = .05.

You might be interested in
In an assembly operation at a furniture factory, six employees assembled an average of 900 standard dining chairs per 5-day week
poizon [28]

I guess the correct answer is 30 chairs/worker/day.

Divide the output of 900 chairs by the inputs of 30 worker-days.

6 0
3 years ago
You've never had a job so decided that it's time to start applying. When filling out
EastWind [94]

Answer:

I would say NA its better than saying nothing or not saying anything

Explanation:

3 0
3 years ago
Firm A issued a $1,000,000 bond with a 20-year term at a discount. If the remaining amount of the discount on bonds payable is $
oksano4ka [1.4K]

Answer:

Loss of $200,000

Explanation:

Carrying value of bond = $1,000,000 - $100,000

Carrying value of bond = $900,000

Cash paid on bonds = $1,100,000

Loss on bond = Cash paid on bonds - Carrying value of bond

Loss on bond = $1,100,000 - $900,000

Loss on bond = $200,000

8 0
3 years ago
Your local movie theater earns a total revenue of $40,000 per month when the price of a movie ticket is $8, and it earns a total
raketka [301]

Answer:

Inelastic

Explanation:

Elasticity of demand = percentage change in quantity demanded / percentage change in price

percentage change in quantity demanded =

35,000 - 40,000/40,000 = -0.125 = -12.5%

percentage change in price = $10 - $8 / $8 = 0.25 = 25%

Elasticity = -12.5%/25%= -0.5

Demand is inelastic because the elasticity of demand is a less than 1.

Elasticity of demand measures how quantity demanded changes when price change.

Demand is inelastic when a change in price has no effect on quantity demanded. Inelastic demand has a value of less than 1 .

Demand is elastic if a change in price has an effect on quantity demanded. Elastic demand has a value of more 1

Unitary elastic is when a change in price has the same proportional effect on a change in quantity demanded. Unitary elastic demand has a value of 1.

7 0
3 years ago
Kodak was once the largest supplier of photographic film. In 2004 it was dropped from the Dow Jones Industrial Average after hav
Sidana [21]

Answer:

Option B Threat of substitute products

Explanation:

Kodak didn't considered technological advances and the growing strength and demand of substitute products which played a vital role in the strenthning position of Sony and other digital camera industry players. The technological advances technologically outdated Kodak and led to decrease in sales with higher percentage.

4 0
3 years ago
Other questions:
  • For most small businesses, the primary motivation for going global is to
    15·1 answer
  • If your income increases by $1,500 and you only consume $900 of it, your marginal propensity to consume would be equal to: a. 0.
    6·1 answer
  • 1. Depreciation on the equipment for the month of January is calculated using the straight-line method. The company estimates fu
    7·1 answer
  • Prepare the Budgets given the following information Budgeted sales are expected to be: January 200 Units February 300 Units Marc
    6·1 answer
  • Chelsea has vivid childhood memories of Saturday mornings when her father used to take her out to a restaurant for breakfast. It
    9·1 answer
  • There are advantages to doing business with just one vendor, and you should always stick to just one if you can
    15·1 answer
  • When the price of Nike tennis shoes goes from $100 to $80, the quantity demanded increases from 20 to 30 million. Over this pric
    6·1 answer
  • Cullumber purchased a patent from Vania Co. for $1,230,000 on January 1, 2018. The patent is being amortized over its remaining
    14·1 answer
  • The group within an organization that is responsible for monitoring and evaluating the internal control system is called the
    6·1 answer
  • alculating Net Float [LO1] Each business day, on average, a company writes checks totaling $17,000 to pay its suppliers. The usu
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!