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4 years ago

The ability of an interval estimate to contain the value of the population parameter is described by the

Business

1 answer:

lisabon 2012 [21]4 years ago

3 0

Answer: a. Confidence level

Explanation:

Interval estimation is the use of sample data to calculate an interval of possible (or probable) values of an unknown population parameter, in contrast to point estimation, which is a single number.

The confidence level shows that the interval estimate has the ability to contain the value of the population.parameter

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Managerial accounting is different from financial accounting in that:

OlgaM077 [116]

Managerial Accounting is different from Financial Accounting in that c. Managerial accounting includes many projections and estimates whereas financial accounting has a minimum of predictions.

The differences between Managerial Accounting and Financial Accounting do not arise because of Managerial accounting:

Focuses on the organization while financial accounting focuses on projects, etc.
Never includes non-monetary information; it includes non-monetary information than financial accounting
Used by investors, while financial accounting is used by creditors
Structured and controlled by GAAP.

Thus, the difference between the two is that Financial accounting is structured and controlled by GAAP and used by investors and creditors. Managerial accounting is not structured by GAAP and is used by management in decision-making.

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6 0

3 years ago

Planters Bank pays 5 percent simple interest on its savings account balances, whereas Centura Bank pays 5 percent compounded ann

Semmy [17]

Answer:

$7,839.57

Explanation:

Given:

Amount deposited = $12,000

Time = 20 years

Interest paid by Planters Bank = 5%

Now,

Simple interest is given as:

Interest = Principle × Rate × Time

Interest = $12,000 × 0.05 × 20

interest = $12,000

therefore

the total amount at the end of 20 years = $12,000 + $12,000 = $24,000

now for the Centura Bank

Interest rate = 5% compounded annually

The compound interest is given as:

Final amount = Principle × ( 1 + rate )ⁿ

here, n is the time period

therefore,

Final amount = $12,000 × ( 1 + 0.05 )²⁰

Final amount = $31,839.57

The difference in amount = $31,839.57 - $24,000 = $7,839.57

7 0

3 years ago

When mark buys groceries he prefers certain products simply because the products have a familiar brand name. his preference best

katen-ka-za [31]

When mark buys groceries he prefers certain products simply because the products have a familiar brand name. his preference best illustrates the importance of the mere exposure effect.

One must examine the effects it has to define the mere exposure effect. When you hear music on the radio for the first time and despise it, that is an example of the simple exposure effect. However, after hearing it enough times, you start to like it. You start to think you like the song despite your initial dislike because you start to become more conscious of the tune, lyrics, etc. You might end up liking the song even more in the long run than you did at first.

Simply because you are familiar with something, you tend to like it more, which is the psychological definition of the mere exposure effect, also known as the familiarity principle. This effect can affect how you feel about people, things, songs, TV shows, and pretty much anything else you might encounter repeatedly. The mere exposure effect, which is defined as people liking something more because they are familiar with it rather than for any other compelling reason, is a crucial component.

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5 0

2 years ago

6. Asset 1 has an expected mean return of µ1 =9%, standard deviation of its return is σ1 = 6%. Asset 2 has an expected mean retu

Paraphin [41]

Answer:

Weight w1 = 0.65

Weight w2 = 0.35

Expected return =10.75%

Explanation:

w1 + w2 = 1 ........... (1)

w1 = SD of asset 2/(SD of asset 1 + SD of asset 2)

w1 = 11 ÷ (6 + 11) ⇒ 0.65

∴ w2 = 1 - w1 ⇒ 1 - 0.65

w2 = 0.35

Expected return = Weighted average

[0.65 × 9] + [0.35 × 14] ⇒ 10.75%

4 0

4 years ago

Western, Inc. is a technology consulting firm focused on Web site development and integration of Internet business applications

frosja888 [35]

Answer:

Estimated manufacturing overhead rate= $160 per direct labor hour

Explanation:

Giving the following information:

Estimated overhead= $640,000

Estimated direct labor hours= 4,000

To calculate the estimated manufacturing overhead rate we need to use the following formula:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 640,000/4,000

Estimated manufacturing overhead rate= $160 per direct labor hour

8 0

3 years ago