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3 years ago

Whenever a data value is less than the mean, _______?

1 answer:

8 0

I think whenever a data value is below the mean then the corresponding Z-score would be negative. A Z-score indicates the number of standard deviation an element or a value is from the mean. The z-score is calculated by the formula; z= (X-μ)/σ where z is the z-score, X is the value of the element, μ is the population mean, and σ is the standard deviation.

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Ethan Manufacturing Inc. produces floor mats for automobiles. The owner, Joseph Ethan, has asked you to assist in estimating mai

Lelu [443]

Answer:

Month Maintenance Machine Equation MAPE

costs hours error (Abs.)

1 $2,750 1,840 $269 9.78%

2 $2,910 1,920 $197 6.77%

3 $3,060 2,000 $135 4.41%

4 $3,170 2,020 $47 1.48%

5 $3,250 2,050 0 0%

6 $3,220 2,030 $8 0.25%

7 $3,160 2,010 $46 1.46%

8 $3,000 1,990 $184 6.13%

9 $2,770 1,850 $260 9.39%

10 $2,370 1,250 0 0%

11 $2,380 1,450 $210 8.82%

12 $2,600 1,740 $309 11.88%

60.37%

variable cost per unit = (highest activity cost - lowest activity cost) / (highest activity units - lowest activity units) = ($3,250 - $2,370) / (2,050 - 1,250) = $880 / 800 units = $1.10 per unit

fixed cost = $3,250 – ($1.10 x 2,050) = $995

Cost model = $995 + $1.10X

2. Calculate the mean absolute percentage error (MAPE) for the cost equation you developed in requirement 1.

MAPE = 60.37% / 12 = 5.03%

5 0

4 years ago

In the video game console industry, Magnitude was the first firm to introduce a console in the market. However, consumers were u

Vanyuwa [196]

Answer:

B. early followers

Explanation:

Based on the information provided within the question it can be said that in this scenario Mantel and Adventura would be considered early followers. Early Followers or better known as First Followers, refers to the company or companies that enter the market shortly after the first company has already entered into that market. They do this to see the barriers that the first company has already overcome and are able to do it easier.

7 0

3 years ago

which of the following statements is true of the economy in the long run? In the long run, real GDP eventually moves to potentia

garri49 [273]

Answer:

All of these is true.

Explanation:

In the long run, the real GDP moves to potential level. It is because in the long run when the price level increases, the price of factor inputs increases as well.

The economy can produce reach natural rate of employment and potential output at any price level. Increase in price does not cause the output to increase in the long run.

Improvement in the state of technology or increase in available resources causes the output level to increase.

Cyclical unemployment will not exist in the long run, only natural unemployment will exist. All the available resources will be fully employed in the long run.

5 0

4 years ago

The Hutters filed a joint return for 2019. They provide more than 50% of the support of Carla, Ellie, and Aaron. Carla (age 18)

sergey [27]

Answer:

Hutters can be claim two dependents

Explanation:

we know here that Hutters can be claim two dependents

because here given Carla and Ellie as Aaron meets neither the residency nor citizenship requirement

but Carla is a qualifying relative and is under the age of 24

but Ellie is above 24 but is a qualifying relative as scholarship is non-taxable

we can say that answer is two

8 0

3 years ago

Identify the type of adjustment that would most likely be needed. Business B purchased a piece of equipment to be used in operat

Deffense [45]

Answer: c . Depreciation

Explanation:

When accounting for fixed assets, it is important that they are recorded at their book value to reflect the effects of being utilized. This means that depreciation needs to be charged on fixed assets.

Even though the equipment in question was only purchased 2.5 months prior to the financial reports being made, depreciation still needs to be accounted for such that the equipment is represented at its book value in the financial statement.

7 0

3 years ago

Whenever a data value is less than the​ mean, _______?

Whenever a data value is less than the mean, _______?