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son4ous [18]
3 years ago
13

A doctor wants to estimate the hdl cholesterol of all? 20- to? 29-year-old females. how many subjects are needed to estimate the

hdl cholesterol within 44 points with 99 %99% confidence assuming sigma equals 17.8 question mark ?=17.8? suppose the doctor would be content with 95 %95% confidence. how does the decrease in confidence affect the sample size? required?
Business
1 answer:
Ira Lisetskai [31]3 years ago
8 0

 

Given the following:

Sigma                                 = 17.8

E                                         = 44 points

Confidence interval        = 99% - 2.58

Confidence interval        = 95% - 1.96

In order to get the sample size, use the formula:

For 99% confidence level

n            = [ (z value x s) / E ]2

n            = [ (2.58 x 17.8) / 44]2

n            = 1. 089 or 1 (rounded up)

For 95% confidence level

n            = [ (z value x s) / E ]2

n            = [ (1.96 x 17.8) / 44]2

n            = 0.628 or 1 (rounded up)

As we decrease the confidence level, from 99% to 95%, our confidence interval gets smaller. In additional, to be more confident that our interval actually comprises the population mean we have to increase the size of the interval. To ease that trade off between level of confidence and the precision of our interval is to primarily increase the sample size. 

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The correct answer is option a.

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according to sfac 5, the four criteria that must be met for an item to be recognized in the basic financial statements are
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These are the 4 main criteria that must be met for an item to be recognized in the basic financial statements according to sfac 5.

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<h3>What is meant by financial analysis?</h3>

Financial analysis is the process of examining a company's various finances in order to assess its financial stability and future prospects. Financial analysis assists business owners in determining any necessary courses of action to remain afloat, make a profit or avoid bankruptcy. It also assists investors in deciding whether to invest in your company. During this process, a company's financial statements, such as its income statement and balance sheet, are examined.

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Thus the financial analysis is of different types and can be used according to the need.

For more information on financial analysis, refer to the given link:

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8 0
1 year ago
Sales total $500,000, and fixed costs total $300,000. The contribution margin ratio is 68%. Profit = $
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Profit = $40,000

Given,

Total sales are $500,000

Total fixed costs are $300,000

Contribution margin ratio is 68%

Solution:

Profit = Total Sales × Contribution margin ratio − Total Fixed costs

         = $500,000 × 68% − $300,00

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Profit =$40,000

Profit:

Profit; also known as net income is the financial gain acquired when the amount of revenue generated by a company exceeds costs and expenses. Profit is the bottom line of a company′s income statement that shows the financial performance during the period.

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