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Helen [10]
4 years ago
12

For each of the following situations, state whether the parameter of interest is a mean or a proportion. (a) A poll shows that 6

4% of Americans personally worry a great deal about federal spending and the budget deficit.
Business
1 answer:
Ghella [55]4 years ago
7 0

Answer:

a) the parameter of interest is a proportion

b) the parameter of interest is a mean

c) the parameter of interest is a proportion

d) the parameter of interest is a proportion

e) the parameter of interest is a mean

Explanation:

In mathematics, two varying quantities are said to be in a relation of proportionality, if they are multiplicatively connected to a constant, that is, when either their ratio or their product yields a constant. The value of this constant is called the coefficient of proportionality or proportionality constant.

A mean is the simple mathematical average of a set of two or more numbers. The mean for a given set of numbers can be computed in more than one way, including the arithmetic mean method, which uses the sum of the numbers in the series, and the geometric mean method.

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Frank and lillian gilbreth developed the principle of _________, which said that every job could be broken down into a series of
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4 years ago
A ____ is a document from a bank guaranteeing that a seller will receive payment in full as long as certain delivery conditions
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Letter of Credit is the correct answer.

Explanation:

7 0
3 years ago
Bulldog, Inc. has budgeted sales for the first quarter of the next year to be 30 comma 000 units. The inventory on hand at the b
Nadya [2.5K]

Answer:

30,000 units

Explanation:

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Beginning inventory = 5000 units

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6 0
3 years ago
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Lemur [1.5K]

Answer:

The correct answer is letter "A": Neither Italy or New Zealand.

Explanation:

Comparative advantage is the ability of an individual or organization to manufacture its products at a lower opportunity cost than its competitors. The scenario does not imply the individual has an absolute advantage. It actually means it sacrifices less to achieve that goal.

Thus, <em>Portugal has a lower opportunity cost than Italy in producing a bottle of wine. Portugal's opportunity cost is 1/2 while Italy's opportunity cost is 2. Neither Italy or New Zealand (or any other country not mentioned in the example) has a comparative advantage in producing wine</em>.

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