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4 years ago

6

There are situations for which it is either impossible to compute a mean or the mean does not provide a central, representative

value.
a. True
b. False

1 answer:

Alika [10]4 years ago

6 0

True. I hope that this helps

You might be interested in

explain why it is not encouraged to rely on estimates of the intercept or constant when making economic analysis

ryzh [129]

It is not encouraged to rely on estimates of the intercept when a person is making analysis because intercept is the mean of variable Y when all predictors have become zero.

<h3>What is economic analysis?</h3>

This is the term that is used to refer to the analysis that is done with the given data that has been established in a statistical test. The economic analysis helps to make the predictions that would be used to bring about new policies in government.

Economic analysis is not done with the the intercept because it would require all the other predictor variables to have zero value hence their impact cannot be seen.

Read more on economic analysis here: brainly.com/question/14300080

#SPJ1

8 0

2 years ago

Lopez Corporation incurred the following costs while manufacturing its product.

grandymaker [24]

Answer:

$358,150

Explanation:

Cost of goods manufactured is calculated in a Schedule of Manufacturing Costs as follows :

Cost of goods manufactured = Beginning Work In Process + Total Manufacturing Costs - Ending Work In Process

where,

Total Manufacturing Costs :

Materials used in product $124,260

Depreciation on plant $69,650

Property taxes on plant $21,750

Labor costs of assembly-line $120,570

Factory supplies used $25,810

Total $362,040

therefore,

Cost of goods manufactured = $13,700 + $362,040 - $17,590 = $358,150

8 0

3 years ago

A retail establishment accepts either the American Express or the VISA credit card. A total of 24 percent of its customers carry

kozerog [31]

Answer:

The answer is: 74% of its customers carry a credit card the store will accept.

Explanation:

Let A denote the event a customer carries American Express credit card (24%)
Let V denote the event a customer carries Visa credit card (61%)
Let AV denote the event a customer carries both credit cards (11%)

P(A ∪ V) = probability that a customer carries at least one credit card

P(A ∪ V) = P(A) + P(V) − P(AV)

P(A ∪ V) = 0.24 + 0.61 − 0.11 = 0.74

6 0

4 years ago

Manufacturing overhead was estimated to be $400,000 for the year along with 20,000 direct labon hours. Actual manufacturing over

Jobisdone [24]

Answer:

If overhead was overapplied, then the COGS should be debited overhead.

The correct answer is B.

Explanation:

<u>First, we need to calculate the predetermined overhead rate:</u>

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

Predetermined manufacturing overhead rate= 400,000 / 20,000

Predetermined manufacturing overhead rate= $20 per DLH

<u>Now, we allocate overhead:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 20*21,000

Allocated MOH= $420,000

<u>Finally, the over/under allocation:</u>

Under/over applied overhead= real overhead - allocated overhead

Under/over applied overhead= 415,000 - 420,000

Overapplied overhead= $5,000

If overhead was overapplied, then the COGS should be debited overhead.

3 0

3 years ago

As a medium-sized grocery retailer, your marketing and merchandising teams find themselves at a constant disadvantage when negot

frutty [35]

Hence proved hope it will help you

4 0

4 years ago