Answer:6,000
Step-by-step explanation:
Gross profit = Revenue - cost of goods sold = 57,000 - 15,000 = 42,000
Net profit = Gross profit - expenses = 42,000 - 36,000 = 6,000
Answer:
Division means sharing an item equally. A fraction has two parts - a numerator and a denominator. ... Dividing fractions is almost the same as multiplying them. For the division of fractions, we multiply the first fraction by the reciprocal (inverse) of the second fraction.
Recognized the possibility
Answer:
a) 0.4770
b) 3.9945
c) z-statistics seem a large value
Step-by-step explanation:
<u>a. Find the standard deviation of the sample proportion based on the null hypothesis</u>
Based on the null hypothesis:
: 0.35
and the standard deviation σ = = ≈0.4770
<u>b. Find the z statistic</u>
z-statistic is calculated as follows:
z= where
- X is the proportion of employees in the survey who take advantage of the Credit Union ()
- is the proportion in null hypothesis (0.35)
- s is the standard deviation (0.4770)
- N is the sample size (300)
putting the numbers in the formula:
z= = 3.9945
<u>c. Does the z statistic seem like a particularly large or small value?</u>
z-statistics seem a large value, which will cause us to reject the null hypothesis.
Well the first equation has a variable in it while the other one doesn't also the first expression if set equal to 0 is -2 while the other one is 5