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SSSSS [86.1K]
3 years ago
11

Suppose your statistics instructor gave six examinations during the semester. You received the following exam scores (percent co

rrect): 79, 64, 84, 82, 92, and 77. To compute your final course grade, the instructor decided to randomly select two exam scores, compute their mean, and use this score to determine your final course grade.
a. Compute the population mean. This is your average grade based on all of your grades. (Round your answer to 2 decimal places.)
b. Compute the population standard deviation. (Round your answer to 2 decimal places.)
Business
1 answer:
mixas84 [53]3 years ago
3 0

Answer: a) the population mean is 79.67

b) the population standard deviation is 6.20

Explanation:

a) to calculate the population mean, add all the values together, and then divide by the number of values added: (79+64+84+82+92+77)/6 = 478/6 = 79.67

b) to calculate to population standard deviation, take each value and subtract the mean, square each answer and add them all together, then divide the answer by the number of values added - 1:

(79-79.67)^{2} + (64 -79.67)^{2} + (84-79.67)^{2} + (82-79.67)^{2} + (92-79.67)^{2} + (77-79.67)^{2}  = 429.33

429.33/(6-1) = 85.87

The standard deviation will be the difference between this value and the mean:

85.87 - 79.67 = 6.20

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All of the following are advantages of having a savings account except
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Answer:

Funds held in a savings account are highly liquid

Explanation:

The purpose of a savings account is the assist a customer achieve their saving objectives. A savings account is a secure way of accumulating funds for an intended purpose or keeping money that does not have immediate use.  

Financial institutions that offer savings account limit on withdrawals to help a customer achieve planned saving objective. It means money saved is not accessible at will. Penalties apply should a customer insists on more than the acceptable number of withdrawals.

5 0
2 years ago
Select the correct statement regarding the contribution margin ratio. Multiple Choice The contribution margin ratio equals contr
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Answer:

The contribution margin ratio can be calculated using either total amounts or per unit amounts.

Explanation:

Contribution margin ratio = \frac{Contribution\:per\:unit}{Selling\:price\:per\:unit}

This can even be done by \frac{Total\:Contribution\:}{Total\:Sales}

This will calculate contribution as a percentage of Sales, with this margin ratio we get break even sales value, and not the units.

Whenever there is an increase in variable cost it decreases the contribution.

Therefore, correct statement is

The contribution margin ratio can be calculated using either total amounts or per unit amounts.

8 0
3 years ago
Midwest Fabricators Inc. is considering an investment in equipment that will replace direct labor. The equipment has a cost of $
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Answer:

Average rate of return =  14 %

Explanation:

Average rate of return = Annual average return/ Average Investment

Average investment =( Initial investment + scrap value)/2

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Average rate of return = 10,500/75,000 × 100= 14 %

Average rate of return =  14 %

6 0
3 years ago
During the month of June, Ace Incorporated purchased goods from two suppliers. The sequence of events was as follows: June 3 Pur
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Answer and Explanation:

The journal entries are shown below:

On June 3

Merchandise Inventory $4,100

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(Being the purchase of goods on credit is recorded)  

On Jun 5

Accounts payable $1,100  

         To Merchandise   Inventory  $1,100

(To record purchase returns)  

On June 6

Merchandise Inventory $1,000

     Accounts payable  $1,000

(Being the purchase of goods on credit is recorded)  

On June 11

Accounts payable ($4,100 - $1,100) $3,000

               To Cash  $2,960

               To  Inventory ($4,100 - $1,100) × 2%  $60

(Being the payment is recorded)  

On June 22

Accounts Payable $2,000     ($3,000 - $1,000)

    To Cash  $2,000

(Being the payment on account in full is paid)

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3 years ago
How does the dynamic model of aggregate supply and aggregate demand explain​ inflation? A. by showing that if total spending in
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Answer:

The correct answer is option A.

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The dynamic model of aggregate supply and aggregate demand shows that if an economy the total spending in the economy increases faster than total production, there will be a shortage. This shortage will cause the price level to increase and will ultimately lead to inflation.  

When the increase in aggregate demand is greater than the increase in aggregate supply, it will create a shortage in the economy. The demand for goods and services will be more than the supply of goods and services. This will cause the price level to increase.

4 0
3 years ago
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