By definition, empirical probability is equal to C. Number of successful trials/Total number of trials.
<h3>What is an empirical probability?</h3>
It should be noted that empirical probability simply means a experimental probability that is based on historical data.
In this case, by definition, empirical probability is equal to the number of successful trials divided by the total number of trials.
Learn more about empirical probability on:
brainly.com/question/16972278
#SPJ1
Answer:
Monopolistic Competition
Explanation:
In Monopolistic Competition, there are many buyers and sellers. Firms do not have full control over prices, but take the market prices as a benchmark, and can charge a slightly lower or higher price depending on the product they offer.
Products are not perfect substitutes, they have some grade of differentiaton, and buyers have access to information, and can easily compare products and suppliers.
This type of market it's typical of crowded, competitive economic sectors such as retail, including clothing stores, restaurants, and shoe stores.
The complete information is that on January 1 2016 the Allegheny Corporation purchased machinery for $115,000. The estimated service life of the machinery is 10 years and the estimated residual value is $5,000. With that in mind, the machine is expected to produce 220,000 units during its life. In that case we can calculate a depreciation for 2016 and 2017 and doing it with one of the methods which is called Straight-Line Depreciation which states that:
<span>Choose Numerator: / Choose Denominator: = Annual Depreciation Expense </span>
<span>Cost minus Salvage / Estimated Useful Life (years) = Depreciation Expense </span>
Answer:
Dr. Depreciation Expense Account $8,200
Cr. Accumulated Depreciation $8,200
Explanation:
Depreciation is the expense that is charged from the fixed assets to the revenue. All the depreciation of the fixed asset are accumulated in a account of accumulated depreciation, which is contra asset account. the assets are reported on the balance sheet net of accumulated depreciation.
Answer:
$60,000
Explanation:
The computation of the depreciation expense using the straight line method is shown below:
= (Original cost - residual value) ÷ (useful life)
= ($540,000 - $60,000) ÷ (8 years)
= ($480,000) ÷ (8 years)
= $60,000
In this method, the depreciation is the same for all the remaining useful life
We simply used the above formula
