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3 years ago

The reason that we want to develop a confidence interval for the population mean is because:_____.

Business

1 answer:

Bogdan [553]3 years ago

4 0

Answer:

3. the sampling distribution of the sample mean is normally distributed.

5. the value of the sample mean varies from sample to sample.

Explanation:

We develop confidence interval for population mean because

a. the sampling distribution of the sampling mean is normally distributed. For us to do this we must first ensure that the sample mean is large enough

B. The value of the sample mean is not the same for all samples it varies from sample to sample. Therefore it it is better that an internal is given with the probability that the parameter falls into it.

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The following table shows a portion of a three-year amortization schedule. A 3-year amortization schedule. The loan amount or pr

larisa [96]

The correct statement is that at the end of two years a total interest of 1246.10 has been paid on a principal of $11940, where the interest rate is 7.45 percent. So, the correct option is B.

The calculation on monthly payment of interest can be done by ascertainment of the interest paid for two years and division of such amount by total number of months.

<h3>Calculation of Monthly Payment</h3>

We know that the interest to be paid for the first year will be close to $902 and that for the second year will be calculated as follows,

$\rm Interest for\ Second\ Year= Monthly\ Payment\ x\ 12\\\\\rm Interest for\ Second\ Year= 28.69\ x\ 12\\\\\rm Interest for\ Second\ Year= \$344.28$

So, the total interest paid at the end of the second year will be,

$\rm Total\ Interest\ for\ Two\ Years= Interest\ for\ One\ Year+ Interest\ for\ Second\ Year\\\\\rm Total\ Interest\ for\ Two\ Years= 902+344.10\\\\\rm Total\ Interest\ for\ Two\ Years= \$1246.10$

So, the total interest paid fully at the end of two years will be $1246.10

Hence, the correct option is B that the total interest of 1246.10 has been paid on a principal of $11940 at the end of two years upon monthly payments of such years.

Learn more about monthly payment here:

brainly.com/question/22891559

5 0

2 years ago

Stephanie is nervous about giving a presentation at the marketing firm where she works. One of her male coworkers told her, "Don

Mice21 [21]

Answer:

Stereotype threat

Explanation:

A. Stereotype threat

Explanation:

Stephanie's anxiety stems from Stereotype threat. She is way too concerned about how she appears to her audience. This has caused her to be nervous. She is in a predicament where she feels at risk of conforming to stereotypes about her gender. Especially because of her male coworker who told her, "don't be such a girl, attack that presentation! "

8 0

3 years ago

Read 2 more answers

Dakota Products uses a job-costing system with two direct-cost categories (direct materials and direct manufacturing labor) and

IRISSAK [1]

Answer:

1.Overhead Rate = Overhead Costs/ Direct Labor Costs

Budget Overhead Rate = 3060,000/ 1700,000= 1.8

Actual Overhead Rate = 3217,500/ 1650,000= 1.895

Dakota Products

Budget for 2017 Actual Results for 2017

Direct material costs $2,250,000 $2,150,000

Direct manufacturing labor costs 1,700,000 1,650,000

Manufacturing overhead costs 3,060,000 3,217,500

2.During March, the job-cost record for Job 626

Direct materials used $55,000

Direct manufacturing labor costs $45,000

Actual Overhead = 1.895 * $45,000= $ 85295.45

Normal Overhead = 1.8 * 45,000= $ 81,000

2.The actual cost of Job 626 =$ 55,000+ $ 45,000+ $ 85295.45= $ 185,295.45

2.The normal cost of Job 626 =$ 55,000+ $ 45,000+ $ 81,000= $181,000

3. Under- or Overallocated Overhead under normal costing=

Budgeted Overhead - Actual Overhead= 3,060,000 - 3,217,500=

157,500 underapplied

There is no under- or overallocated overhead under actual costing because overhead costs actually are at their actual costs. There is no difference between calculated and actual.

4. Normal Costing would give an idea before 2017 and it is easier to make decision prior to changes. Actual results can only be obtained after the process. Managers find it easier to pre plan . So normal costing is adoptable.

4 0

3 years ago

Why should a manager in an international business care about the political economy of free trade or about the relative merits of

Rudik [331]

Answer:

The answer is explained below

Explanation:

To begin with, the policies that the goverments decide to implement in their countries tend to influece in a huge way the companies decisions and therefore its actions as well. Therefore that as a company manager of an international business he needs to stay very updated about the government policies over the countries where his company works. Moreover, the manager will understand that if there is free trade in a country then there will be no problems for his company to start selling there and obtaining the maximum profits as possible and if there is protectionism then the company will have to deal with the policies that the government implemented there. And that is why that as an international business manager he should really care about the policies of the country's government and if there is free trade of protectionism.

6 0

3 years ago

You are planning to make monthly deposits of $70 into a retirement account that pays 12 percent interest compounded monthly. If

Brums [2.3K]

Answer:

FV= $115,928.81

Explanation:

Giving the following information:

Monthly deposit= $70

Interest rate= 0.12/12= 0.01

n= 24*12= 288

<u>To calculate the future value, we need to use the following formula:</u>

FV= {A*[(1+i)^n-1]}/i

A= monthly deposit

FV= {70*[(1.01^288) - 1]} / 0.01

FV= $115,928.81

6 0

3 years ago