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zalisa [80]
3 years ago
13

An auto analyst is conducting a satisfaction survey, sampling from a list of 10,000 new car buyers. The list includes 2,500 Ford

buyers, 2,500 GM buyers, 2,500 Honda buyers, and 2,500 Toyota buyers. The analyst selects a sample of 400 car buyers, by randomly sampling 100 buyers of each brand. Is this an example of a simple random sample?
Business
1 answer:
Ghella [55]3 years ago
3 0

Answer:

No

Explanation:

Simple random sampling gives each member in the entire population an equal opportunity to be included in the sample. The technique removes bias in the selection procedure. It applies where a small number would adequately represent the entire population.

The procedure described in this case is a deviation of simple random sampling. It is stratified random sampling.

In stratified random sampling, the population is first divided into subgroups based on shared characteristics. The researcher uses simple random sampling to select representatives of each group in the sample population.  The techniques ensure each group is fairly represented in the research.  

Subdividing vehicles by their make is creating strata or subgroups.

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Classify the following descriptions of constraints as bounds, limitations, requirements, proportional relationships, or balance
NeTakaya

Answer: Please refer to Explanation.

Explanation:

First the descriptions of Constraints shall.be described first to better understand the the questions.

Bounds are constraints where the value of a variable is not allowed to exceed a level.

Limitations are Constraints whereby there is only a limited number of the variable in question.

Requirements are constraints that refer to the minimum levels of a variable required.

Proportional Relationships are constraints that describe the relationship between Variables in terms of how they relate or are mixed and the like.

Balance Constraints refer to acheving a balance between Variables.

Classifying them therefore we have,

a. Each serving of chili should contain a quarter-pound of beef.

PROPORTIONAL RELATIONSHIPS

b. Customer demand for a cereal is not expected to exceed 800 boxes during the next month. BOUNDS.

c. The amount of cash available to invest in March is equal to the accounts receivable in February plus investment yields due on February 28. BALANCE CONSTRAINTS.

d. A can of premium nuts should have at least twice as many cashews as peanuts. PROPORTIONAL RELATIONSHIPS.

e. A warehouse has 3,500 units available to ship to customers. LIMITATIONS.

f. A call center needs at least 15 service representatives on Monday morning. REQUIREMENTS.

g. An ice cream manufacturer has 40 dozen fresh eggs at the start of the production shift. LIMITATIONS.

If you need any clarification do comment. Cheers.

7 0
3 years ago
In general, term loans can be created more quickly than bond issues because they (1) tend to be negotiated directly with the len
swat32

Answer:

The correct answer is letter "A": True.

Explanation:

Term loans are those where individuals or organizations request a certain amount of money from a financial institution with the promise the individual or institution will be in charge of a series of periodical payments (principal + interest) to cover the debt.

<em>Term loans are privately negotiated between borrowers and lenders, offering the advantage of speed because there is no need for filings with the Securities and Exchange Commission (SEC) or other regulatory entities to request them.</em>

4 0
3 years ago
A random sample of 12 lunch orders at noodles and company showed a mean bill of $12.99 with a standard deviation of $4.6. find t
kow [346]
12.99 + 4.6 = 17.59 / 98
6 0
3 years ago
________ involves correcting errors using past routines and present policies.A) Process reengineeringB) Single-loop learningC) C
alex41 [277]

Answer:

B is Correct

Explanation:

5 0
2 years ago
On December 31, 2016, Bart Inc. purchased a machine from Fell Corp. in exchange for a noninterest-bearing note requiring eight p
iragen [17]

Answer:

Bart Inc.

The initial value of the machine is:

= $114,240.

Explanation:

a) Data and Calculations:

Date of purchase of machine from Fell Corp. = December 31, 2016

Annual payments for a non-interest-bearing note = $20,000

Appropriate present value of the annuity due = 5.712

PV of the annual payments for 8 years = $114,240 ($20,000 * 5.712)

First payment date = December 31, 2016

Period of payments = 8 years

Prevailing interest rate for this type of note = 11%

Check from an online financial calculator:

N (# of periods)  8

I/Y (Interest per year)  11

PMT (Periodic Payment)  20000

FV (Future Value)  0

Results

PV = $114,243.93

Sum of all periodic payments = $160,000.00

Total Interest = $45,756.07

8 0
3 years ago
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