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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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According to the Uniform Commercial Code's interpretation of an open quantity term, if the quantity term is left open in a contr
Pie

According to the Uniform Commercial Code's interpretation of an open quantity term, if the quantity term is left open in a contract for the sale of goods courts generally have no basis for determining a remedy.

<h3>What do you mean by Uniform Commercial Code?</h3>

The uniform Commercial code states that a sale consists of the passing of title from the seller to the buyer for a price.

According to the Uniform Commercial code's interpretation of an open quantity term, if the quantity term is left open in a contract for the sale of goods, courts have no basis for the determination of remedy.

Learn more about uniform commercial code here:

brainly.com/question/8476938

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3 0
2 years ago
What tool is used to forecast state economic growth, keep track of business cycles, and generally provide information on the hea
Rina8888 [55]

Answer:

(B) Dow Jones Economic Sentiment Indicator

Explanation:

Dow Jones Economic Sentiment Indicator measures the economic health of the Texas economy; furthermore, it is commonly approved by economists throughout the US, as an economic measurement tool used for forecasting.

7 0
3 years ago
At the beginning of the current period, Chen carried 1,000 units of its product with a unit cost of $10. A summary of purchases
jeka94

Answer:

a. Cost of Goods Sold under FIFO method - $ 29.800

   Ending inventory under FIFO method -     $ 28,400

b. Cost of Goods Sold under average cost method - $ 33,950

   Ending inventory under average cost method -     $ 24,250

Explanation:

                                                              Units     Unit Cost              Cost

Beginning Inventory                           1,000          $10               $10,000

Purchase #1                                          1,800         $ 11               $ 19,800

Purchase #2                                           800         $ 13              $ 10,400

Purchase #3                                         <u>1,200</u>         $ 15              <u>$ 18,000</u>          

Total available                                    4,800                            $ 58,200      

Units sold                                            ( 2,800)

Ending Inventory                                   2,000

Computations under FIFO method

In the FIFO method of cost flows, the cost of goods sold are considered from the opening inventory and the earlier purchases. The ending inventory is from the later purchases.

Cost of goods sold

Units sold                                            2,800

Opening inventory                             1,000 units @ $ 10          $ 10,000

Purchase # 1                                        1,800 units @ $ 11           <u>$ 19,800</u>

Total cost of Goods sold                                                           $ 29,800          

Ending Inventory

Units on hand                                      2,000

Purchase #2                                           800         $ 13              $ 10,400

Purchase #3                                         <u>1,200</u>         $ 15              <u>$ 18,000</u>          

Ending Inventory                                                                         $ 28,400

Computations under Average Cost method

Under average cost method, the cost of goods sold and the ending inventory is valued at the average cost of the goods available for sale divided by the number of units.

The average cost is calculated by dividing the total cost by the available units

Total Cost                                                       $ 58,200

Units available                                                     4,800

Average cost per unit                                    $      12.13    

Cost of goods sold = Units sold * Average cost = 2,800 * $ 12.13 =  $ 33,950

Ending Inventory- Units in hand * Average Cost = 2,000 * $ 12.13=  $ 24,250  

6 0
3 years ago
Read 2 more answers
Potentially hazardous foods on their way for delivery to your establishment must be kept at what maximum temperature?
Olegator [25]

Answer:

The correct answer would be option A, 135 Degree Fahrenheit.

Explanation:

Potentially hazardous foods are the foods that require time temperature control to keep them safe and to be used by the humans later even after few days. Potentially Hazardous foods can be Meat( which can be either raw or cooked), Dairy Products like milk, custards or any product prepared from Dairy, Seafood, raw or processed vegetables or fruits, cooked cereals, cooked pastas, cooked rice, etc. These type of foods are called the hazardous foods. All these foods should be treated with a maximum temperature of 135 Degree Fahrenheit in order to keep them safe for further use by people.

8 0
3 years ago
ave a cash refund of $750 to a customer because of a lost package. (The customer had previously paid in cash.) Sent a check for
Kaylis [27]

Explanation:

The Journal Entry is given below:-

1. Fees income Dr,            $750

       To cash                              $750

(Being fees income is recorded)

2. Utilities expense Dr,      $1,050

       To cash                                $1,050

(Being utilities expense is recorded)

3. Accounts receivable Dr,  $7,800

        To fee income                       $7,800

(Being services provided is recorded)

4. Equipment Dr,                   $4,600

        To cash                                   $4,600

(Being equipment purchase is recorded)

5. Accounts payable Dr,         $3,500

         To cash                                  $3,500

(Being payment of is recorded)

6. Cash Dr,                                 $15,250

         To fee income                         $15,250

(Being cash receive is recorded)

7. Cash Dr,                                   $6,250

         To Accounts Receivable         $6,250

(Being cash receive is recorded)

8. Cash Dr,                                   $25,000

           To capital                                $25,000

(Being additional investment is recorded)

9. Supplies Dr,                              $3,250

          To accounts payable               $3,250

(Being purchase of supplies is recorded)

10. Rent expense Dr,                     $3,750

          To cash                                      $3,750

(Being rent expenses is recorded)

8 0
3 years ago
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