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stellarik [79]
3 years ago
6

A recent report indicated that families in a certain country typically spend about $175 per week on groceries. To investigate wh

ether families in a certain city typically spend more than $175 per week, an economist selected a random sample of 500 families in the city and found the sample mean to be $176.24. With all conditions for inference met, a hypothesis test resulted in a pp-value of 0.0021.
At the significance level of α=0.05α=0.05, which of the following is a correct conclusion?
A. The pp-value is less than 0.05, and the null hypothesis is rejected. There is convincing statistical evidence that the mean is greater than $175.
The pp-value is less than 0.05, and the null hypothesis is not rejected. There is convincing statistical evidence that the mean is greater than $175.
B. The pp-value is less than 0.05, and the null hypothesis is not rejected. There is not convincing statistical evidence that the mean is greater than $175.
C. The pp-value is greater than 0.05, and the null hypothesis is rejected. There is convincing statistical evidence that the mean is greater than $175.
D. The pp-value is greater than 0.05, and the null hypothesis is not rejected. There is not convincing statistical evidence that the mean is greater than $175.
Business
1 answer:
leonid [27]3 years ago
0 0

Answer:

Option B

Explanation:

Null hypothesis: ∪ = $175

Alternative hypothesis: ∪ₐ ≠ $175

With a pp value of 0.0021 which is less than value at the level of significance, the null hypothesis is not rejected as there is no sufficient statistical evidence that the mean is greater than $175.

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Peyton sells an office building and the associated land on May 1 of the current year. Under the terms of the sales contract, Pey
Westkost [7]

Answer:

$2,466,000

Explanation:

Given that,

Cash Received = $1,600,000

Mortgage assume by purchaser = $950,000

Broker's commission = $75,000

points paid by seller = $9,000

Peyton's amount realized:

= Cash Received + Mortgage assume by purchaser - broker's commission - points paid by seller

= $1,600,000 + $950,000 - $75,000 - $9,000

= $2,466,000

Therefore, the amount realized by Peyton is $2,466,000.

4 0
3 years ago
John discovered his company's accountant was "skimming" money from the business. The accountant agreed to pay John a one-time pa
Pani-rosa [81]

Answer:

There are no options listed, but what I can tell you for sure is that John's actions were both unethical and illegal.

What John did is unethical because it is not moral and it goes against all the principles that guide professional conduct. John also did something illegal because he was an accomplice in committing fraud against the company. He knowingly benefited from the accountant's illegal actions, and that is basically the legal definition of an accomplice to a crime.

8 0
3 years ago
LO 7.3Which is not a section of the cash budget?
Bad White [126]

Answer:

allowance for uncollectible accounts

Explanation:

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But it does not involve the allowance for uncollectible accounts  as it is not shown in the cash budget because it is shown under the debtors side with the negative amount of the balance sheet

Like

Assets

Current Assets

Account receivable                                             XXXXX

Less: Allowance for uncollectible accounts       XXXXX  

Net account receivable                                      XXXXX

8 0
3 years ago
A $10,000, 8 percent coupon bond that sells for $10,000 has a yield to maturity of
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Answer:

A) 8 percent.

Explanation:

Coupon rate refers to the expected periodic earnings of a bond until its maturity. The coupon rate is expressed as a percentage of the par value or the face value of the bond. It is similar to the interest rate for other investments option.  A bond's coupon rate is, therefore, its interest rate.

A bond coupon rate represents its yearly earnings. However, most bonds will pay the interest twice per year. The bond issuer pays the bondholder regular and fixed interest until the bond matures. The coupon rate determines the bond's profitability. A bond with a higher coupon rate is more attractive to investors.

8 0
3 years ago
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Answer:

lessen the effect of exchange rate changes by sourcing from where input costs are low

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