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tangare [24]
4 years ago
10

A sample of 14 students was selected to estimate the average score in a given quiz. The average score in the sample is 2.14 with

standard deviation of 1.29. Find a 99% confidence interval for the average score of the student in the class
Business
1 answer:
Savatey [412]4 years ago
6 0

The average score of the student in the class at a 99% confidence lies between 1.252 and 3.028

Explanation:

Given values are

n = 14   = 2.14     σ = 1.29  z value for 99% confidence = 2.576

The mean is known one

= (z σ/√14)

=  (2.576 ×1.29÷√14)

(2.576 ×1.29÷√14)

= 2.576 × 0.345

= 0.888

 =  mean- 0.888 = 2.14  - 0.888 = 1.252

 =  mean+0.888 =  2.14 + 0.888 = 3.028

The average score of the students in the class at a 99% confidence lies between 1.252 and 3.028

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To what extent do you think the government should be involved in the free enterprise economy?
kow [346]

The involvement of government in the free enterprise economy should be strictly limited.

What is free enterprise?

An economy where the market sets pricing for goods and services, not the government, is known as free enterprise or the free market. Government control over businesses and services is not present. Alternatively, the term "free enterprise" could refer to a philosophical or legal framework in which the majority of controls over commercial activity come from the private sector.

Government's participation in the free-market economy should be rigorously constrained. However, the government could step in to take the following actions:

  • To make sure that revenue is shared fairly among all members of society.
  • To control monopolistic behavior and unethical commercial activities that limit market competition.
  • To overcome a failing market.
  • To implement tax reform and impose business taxes.
  • To implement monetary and fiscal policy during recessions.
  • To Apply automatic stabilizers.
  • To upgrade the infrastructure
  • To offer assistance

To know more about free enterprise, go to URL

brainly.com/question/3369578

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6 0
2 years ago
A company uses the percent of receivables method to determine its bad debts expense. At the end of the current year, the company
Setler79 [48]

Answer:

C) Debit Bad Debts Expense $4,300; credit Allowance for Doubtful Accounts $4,300

Explanation:

accounts receivable $375,000

allowance for uncollectible accounts $500

net sales $800,000, all on credit

estimated bad debts = net credit sales x 0.6% = $800,000 x 0.6% = $4,800

since the balance of the allowance account is just $500, it must e adjusted to include the remaining estimated bad debt = $4,800 - $500 = $4,300

the journal entry should be:

December 31, adjustment of bad debt expense

Dr Bad debt expense 4,300

    Cr Allowance for uncollectible accounts 4,300

Allowance for uncollectible accounts is a contra asset account that reduces the value of accounts receivable and has a credit balance.

6 0
3 years ago
The Food and Drug Administration sets standards for
vekshin1

Answer:

B. Product Labeling

Explanation:

From quizlet

4 0
4 years ago
Read 2 more answers
Variable manufacturing costs are $126 per unit, and fixed manufacturing costs are $157,500. Sales are estimated to be 10,000 uni
AveGali [126]

Answer:

$52,500

Explanation:

                           Plan - 1     Plan - 2      

Units produced            10,000    15,000      

Variable Manufacturing cost $126    $126      

Fixed manufacturing cost    $15.75    $10.50      

($157,500 ÷ Units produced)        

Unit cost           $141.75   $136.50

Working note

Fixed manufacturing cost for Plan A = $157,500 ÷ 10,000

= $15,75

Fixed manufacturing cost for Plan B = $157,500 ÷ 15,000

= $10.50

Unit cost for Plan A = $126 + $15.75

= $141.75

Unit cost for Plan B = $126 + $10.50

= $136.50

Income under two plans different for the amount as below      Number of units in ending inventory in Plan -2 = 5,000 units    

(i.e. 15000 units produced - 10,000 units sold)      

Fixed manufacturing of per unit = $10.5      

Difference in Income in two plans under Absorption costing = 10,000 × $10.5

= $52,500

Variable costing          

Therefore, there will be no difference in income of Two plans under Variable costing.

5 0
4 years ago
Studnets in the new MBA class at a state university has the following specialization profile:
Korvikt [17]

Answer and Explanation:

a. The computation of the probability for a student either a finance or marketing major is shown below:

= Number of expected outcomes ÷ total number of outcomes

= (67 + 45) ÷ (67 + 45+ 51 + 18)

= 112 ÷ 181

= 0.6188

b. Now for mutually exclusive, we make the assumption that the none of the students has taken for multiple specializations also nothing is mentioned in the question

5 0
4 years ago
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