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schepotkina [342]
3 years ago
15

N article published in the washington post claims that 45 percent of all americans have brown eyes. a random sample of n=78 coll

ege students students found 30 who had brown eyes. consider testingh0:p=.45 ha:p≠.45
Business
1 answer:
Sever21 [200]3 years ago
8 0

a . The test statistic is -1.160740861

b. The p value is 0.2457473

Let the point estimate be 'a'. The formula for test statistic is:

Z = (a - p) / √ { [ p×(1-p) ]÷n }

Point Estimate 'a' = 30/78 = 0.384615385

Z = (0.384615385 -0.45 ) / √[ (0.45 × 0.55) ] / 78

Z = -0.065384615 / 0.056330071

Z = -1.160740861

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During its first year of operations, the McCormick Company incurred the following manufacturing costs: Direct materials, $5 per
docker41 [41]

Answer:

424000

Explanation:

Answer: Net income under absorption costing = $424000

Explanation:

Given that,

Direct materials =$4 per unit

Direct labor = $2 per unit

Variable overhead = $3 per unit

Fixed overhead = $256,000

company produced = 32,000 units

company sold = 26,500 units

inventory at year-end =  5,500 units

Income under variable costing = $380,000

Total variable cost = (Direct materials+Direct labor +Variable overhead) × units produced

= (4+2+3) × 32000

=$288000

Per unit fixed cost =

=

= $8

Fixed cost on inventory = inventory at year-end × Per unit fixed cost

= 5500 × 8

= 44000

Net income under absorption costing = Income under variable costing + Fixed cost on inventory

= 380000 + 44000

=$424000

Read more on Brainly.com - brainly.com/question/13025383#readmore

3 0
3 years ago
The 5.3 percent bond of Dominic Cyle Parts has a face value of $1,000, a maturity of 12 years, semiannual interest payments, and
givi [52]

Answer:

$936.17

Explanation:

The current market price of the bond = present value of all coupon received + present value of face value on maturity date

The discount rate in all calculation is YTM (6.12%), and its semiannual rate is 3.06%

Coupon to received semiannual = 5.3%/2*$1000= $26.5

We can either calculate PV manually or use formula PV in excel to calculate present value:

<u>Manually:</u>

PV of  all coupon received semiannual = 26.5/(1+3.06)^1 + 26.5/(1+3.06)^2....+ 26.5/(1+3.06)^24 = $445.9

PV of of face value on maturity date = 1000/(1+6.12%)^12 = $490.27

<u>In excel:</u>

PV of  all coupon received semiannual =  PV(3.06%,24,-$26.5) = $445.9

PV of of face value on maturity date = PV(6.12%,12,-$1000) = 1000/(1+6.12%)^12 = $490.27

The current market price of the bond  = $445.9 + $490.27 = $936.17

Please excel calculation attached

Download xlsx
7 0
3 years ago
Each statement below is part of an economic model. Indicate whether the statement is a prediction of cause and effect or an assu
aivan3 [116]

Answer:

(a) Assumption

(b) Cause and Effect

(c) Cause and effect

(d) Assumption

Explanation:

(a)  People behave rationally: Assumption

Rational behavior refers to a decision-making process that is based on making assumptions that result in an optimal level of benefit or utility.

(b) Cause and Effect

If a price of goods falls that is a cause and the effect is that  people will consume more of the good.

(c) Cause and effect

As the population grows faster than food supply (cause), mass starvation is predicted to occur which is the resultant effect.

(d) Assumption

The maximization of profit is based on the assumption of theory of production and costs.

4 0
3 years ago
Read 2 more answers
What type of network allows users to share files without the use of a computer server?
ivanzaharov [21]
I use file share and it works offline so.
4 0
3 years ago
In the short run, the quantity of output that firms supply can deviate from the natural level of output if the ___________ level
Zielflug [23.3K]

Answer:

1.  Actual Price

2.  Misperceptions theory.

Explanation:

In the short run, the quantity of output that firms supply can deviate from the natural level of output if the ACTUAL PRICE level in the economy deviates from the expected price level. Several theories explain how this might happen.

For example, the MISPERCEPTIONS THEORY asserts that output prices adjust more quickly to changes in the price level than wages do, in part because of long-term wage contracts. Suppose a firm signs a contract agreeing to pay its workers $15 per hour for the next year, based on an expected price level of 100 Year.

The above explanations is the reason why the aggregate supply curve slopes upward in the short run

4 0
4 years ago
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