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GREYUIT [131]
3 years ago
15

Lily has been keeping track of what she spends to eat out. The last week's expenditures for meals eaten out were $5.69, $5.95, $

6.19, $10.91, $7.49, $14.53, and $7.66. The mean amount Lily spends on meals is $8.35. True False
Business
1 answer:
Oxana [17]3 years ago
3 0

Answer:

The mean amount lily spends ($8.35) in a week is true according to the above statement.

The mean amount was calculated by adding up all the amounts she spent over the course of 7days (i.e $5.69+ $5.95+ $6.19+ $10.91+ $7.49+ $14.53+ $7.66). This addition gives us a total of $58.42.

The next step is to then divide the total amount ($58.42) by the number of days, i.e 7.

we then have,  <u>$58.42</u>

                           7

Mean amount = $8.35.

The answer tells us that lily spent $8.35 evenly everyday for 7 days to accumulate $58.42.

you can go on to check how correct the answer is by simply multiplying $8.35 by 7.

Cheers.

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During which phase of the data analysis process does the fraud examiner identify, obtain, and verify the relevant or requested d
PIT_PIT [208]

Answer: The preparation phase

Explanation:

The preparation phase of data analysis is a phase where the Data analyst examines the information he got in order to carry out his or her job properly. One if the test he carries out that period is Duplicate testing, it is used to identify transactions with duplicate values in specified fields. It can quickly review files

5 0
3 years ago
Your city newspaper publishes a "Best of" poll that lists its readers' favorite restaurants. Mundo Bar and Grill is ranked as th
jeka94

Answer:

The correct answer is the option C: give too much weight to a small number of vivid observations.

Explanation:

To begin with, in the case that a close friend had told you that he had a bad experience in a certain place, a restaurant in particular this time, does not states the fact that it will always be like that for every person that goes to that place because it may have been a bad day for the employees and that impacts at their work while if you go any other day every detail is taking care nicely. Therefore that the people give too much  weight to small number of vivid observations due to the fact that the article published in the newspaper must have been made with over dozens of observations and comments, not just one, and the major agreement is that those places are good ones to go to eat.

8 0
3 years ago
Read 2 more answers
Why is compounding interest monthly better than yearly ?
dalvyx [7]

Answer:

More interest payments on yearly computing.

Explanation:

It is generally said that if you can get monthly annual payments compared to yearly payments take it without a thought. This statement explains a lot; normally month payments are not available, but in some case they are. In annual payments, 12 months are compounded that is why it is higher rate compared to monthly. So, monthly payments are preferred

6 0
3 years ago
Question. Draw a marginal revenue curve of a perfectly competitive firm and explain why the marginal revenue of a perfectly comp
svp [43]

If AR is constant, MR is equal to AR. Both are indicated by the same horizontal straight line(a situation of perfect competition)

<h3>What is the marginal revenue curve for a perfectly competitive firm?</h3>
  • Marginal revenue for a company with perfect competition is the same as average revenue and pricing.
  • This suggests that at values bigger than the average variable cost, the firm's short-run supply curve is its marginal cost curve.
  • The company closes if the price falls below the average variable cost.

Marginal revenue is the change in total revenue when one more unit of a commodity is sold.

MR= change in TR/change in quantity sold

Average revenue refers to revenue per unit of output.

AR=TR/Q

Relationship between AR and MR:

If AR is constant, MR is equal to AR.

Both are indicated by the same horizontal straight line(a situation of perfect competition)

To learn more about marginal revenue, refer to

brainly.com/question/13444663

#SPJ4

8 0
1 year ago
At Davide Corporation, direct materials are added at the beginning of the process and conversions costs are uniformly applied. O
soldi70 [24.7K]

Answer and Explanation:

For materials

Equivalent completed units = Completed units + WIP ending

= 111,700 + 20,300

= 132,000 units

Cost of materials = Beginning WIP + Cost of materials added

= 22,300 + 370,000

= $392,300

Cost of material per units = 392,300 ÷ 132,000

= $2.97197

For conversions

Equivalent completed units = Completed units + WIP ending

= 111,700 + 20,300 × 30%

= 117,790 units

Cost of Conversion = Beginning WIP + Cost of conversion added

= 19,700 + 280,000

= $299,700

Cost of conversion per units = 299,700 ÷ 117,790

= $2.54436

Total cost of units completed and transferred out

= 111,700 × (2.97197 + 2.54436)

= $616,174

4 0
3 years ago
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