Answer:
c. 1200 hrs
Explanation:
this could be seen as follows:
the company´s standars is 1000 direct labour-hours for 250 products so:
![products/hour=4it means that standar is one product every 4 hour, so as in october there was a production of 300 is expected to[tex]direct labour hours=300*4](https://tex.z-dn.net/?f=products%2Fhour%3D4%3C%2Fp%3E%3Cp%3E%3C%2Fp%3E%3Cp%3Eit%20means%20that%20standar%20is%20one%20product%20every%204%20hour%2C%20so%20as%20in%20october%20there%20was%20a%20production%20of%20300%20is%20expected%20to%3C%2Fp%3E%3Cp%3E%3C%2Fp%3E%3Cp%3E%5Btex%5Ddirect%20labour%20hours%3D300%2A4)
[tex]direct labour hours=1200
The point estimate or p hat is a single value that shows the best estimation of a certain parameter among a population.
To calculate point estimate, we divide the parameter by the whole population.
In case of this problem:
p hat = 51/84 = 0.607
To get the percent, we multiply the output by 100:
% of point estimate = 0.607 x 100 = 60.7%
<span>b. $52,514.51. The $2,173.93 in student loan interest deductions, $2,824 to his favorite charities, and $3,117.56 in home mortgage interest are all tax deductible. However, only $7,300 is exempted from his taxes from the $11,400 they claimed for. Subtracting all this from $67,930, we get $52,514.51.</span>
