Businesses often segment the market based on key demographics such as age, gender, income level or marital status, but they also use more precisely defined categories to target specific groups.
Answer:
Option D. We are 95% confident that the mean amount spent on electric service among the 160 households is between $151 and $216.
Explanation:
A confidence interval is a range of values, derived from the sample statistics, which may include the value of an unknown population parameter.
A 95% confidence interval indicates that between 152 of 160 samples (95%) of the same population will produce confidence intervals that will contain the population parameter.
It also means that we have a 95% confidence that the average (average amount) is among the resulting amounts obtained.
Logically, option "D" is missing the final part. This would be: D. We are 95% confident that the mean amount spent on electric service among the 160 households is between $ 15.
This is the only true option, since the test is based on a sample of only 160 households, the entire population of households cannot be included.
Hence, the correct option is:
Option D. We are 95% confident that the mean amount spent on electric service among the 160 households is between $151 and $216.
No, Gloria can not legally continue to work for Jan, because Jan has withdrawn her consent for Gloria to act on her behalf.
<h3>What is meant by consent?</h3>
Consent refers to the parties' mutual comprehension of the terms of the agreement. The contract requires the voluntary assent of both parties. If there are certain mistakes, or if one party attempts to deceive or pressure the other, consent will not be considered voluntary or genuine.
The importance of consent in business-
- Regardless of how you phrase it, consent helps us be more successful marketers.
- It makes us "ethical" marketers who recognize that acting morally will increase our chances of success in addition to ensuring that we abide by the law.
The three sorts of consent that an organization may get are as follows:
- Explicit Consent: An individual must be given a clear choice regarding whether to agree or object to the collection, use, or disclosure of their personal information in order to give their explicit consent.
- Implicit Consent: Implied consent is consent that isn't explicitly given by a person but is instead inferred from their behavior and the specific facts and circumstances surrounding the scenario (or, in certain cases, from their silence or inactivity).
- Opt-out Consent: Organizations do not need to get the user's consent before collecting and using their personal data if they have an opt-out consent.
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The machine's second year depreciation expense is $3,200.
Depreciation is a method that is used to expense the cost of an asset. The units-of-production depreciation method determines the depreciation expense based on the units of goods that the machine produces in a given year.
Unit of production depreciation expense = (unit of goods produced in year 2 / total units the machine can produce) x (cost of the asset - salvage value)
Total units the machine can produce = 1500 + 1250 + 1000 = 3750
(1000 / 3750) x ($15,000 - $3,000) = $3,200
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