All categories

4 years ago

The basic laws of forecasting help to avoid misapplication or misrepresentation of forecast results.

Business

1 answer:

Zigmanuir [339]4 years ago

8 0

Answer:

Law 2

Explanation:

In probability. As bigger the group we are trying to predict , the higher probability to be more accurate

You might be interested in

Suppose that you are a student worker in the statistics department and they agree to pay you using the random pay system. Each w

artcher [175]

Answer:

The probability of getting paid more than $6500 in 100 weeks is 0.6%

Explanation:

In this problem, we need to define a probabilty distribution for the money earned.

The 100-week payoff can be expressed as

$PO=40*L+80*H=40*(100-H)+80*H=4000+40H$

Being L the numbers of weeks we have low pay and H the weeks we have high pay.

Now, as it is a coin flip, H is a binomial random variable with p=0.5 and n=100

For a total pay off of more than 6500, H has to be

$6500=4000+40H\\\\H=2500/40=62.5$

That means that in at least 63 of the 100 weeks we have to get a high pay.

$P(H\geq 63)=1-\sum_{i=1}^{62} P(X_i)$

If we compute the individual probabilities we get P(H≥63)=0.006 or 0.6%.

8 0

4 years ago

Actual production 11,620 packages Budgeted production 12,500 packages Standard direct labor hours 1.52 direct labor hours per pa

Alona [7]

Answer:

8,450 Favorable ; 3,206 Unfavorable

Explanation:

Variable overhead spending variance:

= (Standard rate - Actual rate) × Actual hours

= ($3 × 18,731) - $47,743

= 8,450 Favorable

Variable overhead efficiency variance:

= (Standard hour - Actual hour) × Standard rate

= [(11,620 × 1.52) - 18,731] × $3

= (-1,068.6) × $3

= 3,206 Unfavorable

5 0

4 years ago

On July 1, Hartford Construction purchases a bulldozer for $228,000. The equipment has a 9-year life with a residual value of $1

UkoKoshka [18]

Answer:

a. Depreciation expense per hour:

= (Cost - salvage value) / Expected operating hours

= (228,000 - 16,000) / 26,500

= $8 per hour

b. First year depreciation: Second year depreciation:

= 1,250 * 8 = 2,755 * 8

= $10,000 = $22,040

Third year depreciation:

= 1,225 * 8

= $9,800

Journal entries

Date Account Title Debit Credit

June 30, Year 1 Depreciation $10,000

Accumulated Depreciation $10,000

Date Account Title Debit Credit

June 30, Year 2 Depreciation $22,040

Accumulated Depreciation $22,040

Date Account Title Debit Credit

June 30, Year 3 Depreciation $9,800

Accumulated Depreciation $9,800

4 0

3 years ago

As the owner of a small business, esma would like to move the sale of her candles from storefronts to the internet. She can read

Inga [223]

Thanks to technology, almost anyone to be global, with two varying results: Small companies can get started more easily but move slower.

<h3>Facts about Internet commerce </h3>

Allows for more access to customers from around the world.
Increases chances of profitability.

Small companies have smaller catalogues to sell and so can easily get involved in internet commerce. They however, are not as rich as large companies which means that they will not be able to invest enough to move as fast as large companies.

Find out more on internet commerce at brainly.com/question/6586612.

7 0

2 years ago

Indicate which activities of Stockton Corporation violated the rights of a stockholder who owned one share of common stock. (You

pav-90 [236]

a. Paid the stockholder a smaller dividend per share than another common stockholder.

c. Rejected the stockholder's request to vote via proxy because she was homesick.

d. The company did not provide all stockholders with timely financial reports.

<h3>Who is the stockholder?</h3>

A stockholder is someone who has invested in a company's equity and who owns shares as proof of ownership.
Investors have the same right to dividends as other ordinary shareholders. Dividend payouts can only differ when the opposite party owns a larger number of shares.
In the event that they are not there, they also have the option to vote by proxy. The shareholder has legitimately appointed the proxy.
All stockholders must receive timely financial reports from the company.
However, shareholders are not involved in the day-to-day operations of the company. Therefore, they are powerless over employee hiring and dismissal.
Following the company's settlement with the holders of preference shares, dividends are also paid to common shareholders.

To learn more about stockholder with the given link

brainly.com/question/18523103

#SPJ4

4 0

1 year ago