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Stolb23 [73]
3 years ago
7

What does it mean to say that the confidence interval methods for the mean are robust against departures from​ normality? choose

the correct answer below.
a. the confidence interval methods for the mean are robust against departures from​ normality, meaning they only work with distributions that​ aren't normal.
b. the confidence interval methods for the mean are robust against departures from​ normality, meaning they work well with distributions that​ aren't normal, provided that departures from normality are extreme.
c. the confidence interval methods for the mean are robust against departures from​ normality, meaning they work well with distributions that​ aren't normal, provided that departures from normality are not too extreme.
d. the confidence interval methods for the mean are robust against departures from​ normality, meaning they​ don't work well with distributions that​ aren't normal?
Business
1 answer:
Free_Kalibri [48]3 years ago
4 0

<span>c. the confidence interval methods for the mean are robust against departures from​ normality, meaning they work well with distributions that​ aren't normal, provided that departures from normality are not too extreme. </span>

This means that the methods of this section are not robust against poor sampling method

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A borrower is interested in comparing the monthly payments on two otherwise equivalent 30 year FRMs. Both loans are for $100,000
Sergio039 [100]

Answer: $98.36

Explanation:

Based on the information that has already been given in the question, the following can be analysed:

For Loan 1:

Interest Rate = 7%

Nper = 30

Present value = $100000

With the above information, we can use the Excel calculator to solve further. To get the monthly payment for the first loan will be:

= pmt(rate, nper, pv,fv)

= pmt(7%/12,30×12,-100000,0)

= pmt(0.07/12,360,-100000,0)

= $665.30

For Loan 2:

Interest Rate = 7%

Nper = 30

Present value = $100000

Future value = $120000

With the above information, we can use the Excel calculator to solve further. To get the monthly payment for the first loan will be:

= pmt(rate, nper, pv,fv)

= pmt(7%/12,30×12,-100000,120000)

= pmt(0.07/12,360,-100000,120000)

= $566.94

The difference in the monthly payments will be:

= $665.3 - $566.94

= $98.36

8 0
3 years ago
On march 1, 2018, big brands corporation issued $600,000 of 10% bonds at 105. each $1,000 bond was sold with 50 detachable stock
Zinaida [17]

Answer:

$510,000

Explanation:

No.of bonds issued = $600,000 / $1000 = 600

Total no. of stock warrants = 600 x 50 = 30,000

Market Value of stock warrants = 30,000 x $4 = $120,000

Issue price of bonds = $600,000 x 1.05 = $630,000

Amount to be recorded as increase in liabilities = Issue price of bonds - Value of stock warrants

= $630,000 - $120,000

= $510,000

7 0
3 years ago
g An increase in demand is represented by a a. movement downward and to the right along a demand curve. b. movement upward and t
Lana71 [14]

Answer: c. rightward shift of a demand curve.

Explanation:

When there is movement along the demand curve, this is due to a change in the price of the good.

However, an increase in demand is noted by a rightward shift in the Demand curve. This is to signify that the demand has changed even though the price had remained the same. This shift is meant to signify that something else apart from price has caused an increase in demand such as an increase in income. After the shift, the price will have to change to reflect a new Equilibrium which will be the new intersection point with the Supply Curve.

I have attached a graph showing what happens when Quantity Demand increases.

4 0
3 years ago
The ________ would not be the success it is without standardized protocols and procedures.
Nitella [24]
Debating on progress
7 0
3 years ago
Shankar Company uses a perpetual system to record inventory transactions. The company purchases inventory on account on February
Ksenya-84 [330]

Answer:

                                      Dr.             Cr.

February 2, 2012

Inventory                    $30,000

Account Payable                          $30,000

February 10, 2012

Account Payable       $30,000

Discount received                        $600

Cash                                              $29,400

Explanation:

Term 2/10, n/30 means there is a cash settlement discount of 2% is available if the payment is made within 10 days after the purchase of goods. Net credit period is 30 days. Purchases were made on February 2 and Payment was made on February 10 within the discount period, so Shankar Company is entitled to claim the discount of 2%. Cash will be paid net of discount.

Discount = $30,000 x 2% = $600

Cash Payment = $30,000 - $600 = $29,400

6 0
3 years ago
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