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Mariana [72]
3 years ago
9

An accountant of wallie's the pizza franchise claims that its stores generate average weekly revenues of at least $7,000 per sto

re. a potential buyer who is considering purchasing a wallie's pizza franchise is doubtful about this claim, and believes instead that the average weekly revenue might be less than $7,000. with some effort, he obtains revenues from 20 wallie's stores across the country by interviewing their managers/employees and finds that the average revenue is $6400. historical tax filings by wallie's indicate that the standard deviation of revenues has been about $1042. store revenues are assumed to be normally distribute
d.what is the calculated value of the statistic to test the potential buyer's belief at the 1% level of significance?
Business
1 answer:
Lesechka [4]3 years ago
7 0

The calculated value of the Z statistic to test the potential buyer's belief at the 1% significant level is -2.57512627.

The calculated Z score is slightly greater than the critical value of -2.575, the potential buyer's view that weekly store revenues are less than $7,000 stands vindicated.

Since store revenues are assumed to be normally distributed and population standard deviation is given, we can use the Z-test. The relevant test statistic is the Z-score.

We use the following formula for calculating the Z score:

Z = (X - μ) / (σ /√n)

Substituting the relevant values we get,

Z = (6400 -7000) / (1042/√20)

Z = -600 / 232.9982833

Z = -2.57512627

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agasfer [191]

Answer:

The correct options are;

Photos taken by a student in his blog

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Explanation:

With the copyright law the holder of a copyrighted material has the exclusive authority to grant permission to others to create from, copy, distribute, or display in public, the copyrighted material.

A copyright is said to have expired and to be in public domain (with automatic permission to use) when it has been up to 120 years since it was created. Government created material are not covered by the copyright law and can be used

Copyright material can only be used without the express permission of the copyright owner when it is covered by the TEACH Act of the usage must be taken as "fair use"

Therefore,

1) photos taken by a student in his blog

2) An illustration sold by an artist on her website

3) An excerpt from a novel published in 1913  are copyrighted online materials.

7 0
3 years ago
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Answer:

Average Customer Retention rate = 80%  

Average Value of Sales per year per customer = $120  

Average customer acquisition cost = Customer acquisition oriented market expenses per month/  

number of new customers acquired per month  

=\frac{1000}{25} = 40  

Average customer retention cost = $75  

CLV =[1/(1- Average customer retention rate)] x (average value of sales per year per customer)-(average customer acquisition cost + average customer retention cost)  

= [1/(1-0.8)] x 120-(40+75)

=$485  

A) Average customer retention rate =90%  

B) Average value of sales per year per customer = $125  

C) Average customer acquisition cost =$60  

D) Average customer retention cost =$100  

CLV = [1/(1- Average customer retention rate)] x (average value of sales per year per customer)-(average customer acquisition cost + average customer retention cost)  

= [1/(1-0.9)] x 125 - (60+100)

E) Customer Lifetime Value = 1090

Explanation:

Here are the spreadsheets.

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3 years ago
A corporation is concerned about their exposure to criminal liability after the most recent election cycle placed a number of ne
Angelina_Jolie [31]

Answer:

The strategy that would be least effective in reducing the company's criminal liability is:

D. It could donate to the election campaigns of the new members of Congress to establish goodwill.

Explanation:

While the other three options will effectively reduce the company's criminal liability exposure, option D is the least that is likely to have a positive or effective effect.  This implies that option D is most likely to aggravate the criminal liability of the company as it will be regarded as bribery to cover up a crime.

4 0
3 years ago
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Alenkasestr [34]

Answer:

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Explanation:

7 0
3 years ago
If you wanted to make sure a company has enough money available to pay its bills, which financial statement would be most helpfu
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Answer:

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Hence, if you want to make sure a company has enough money available to pay its bills, the financial statement which would be most helpful is the cash flow statement because it is used to measure and analyze how well the company is doing financially in terms of generating revenue to pay its bills and debts.

5 0
3 years ago
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