Answer:
- Standard deviation: $14,400
Explanation:
<u>1. Mean of the annual income:</u>
The mean income is the expected income, which is: the sum of the annual salary (constant) plus the 8% of the mean value of the orders ($600,000):
- Mean annual income = $6,000 + 8% × $600,000 = $6,000 + $48,000 = $54,000.
<u>2. Standard deviation of the annual income.</u>
The standar deviation is a measure of how extended the values are.
It means that the annual value of the orders will be around the mean plus or minus a number of standard deviations, depending on the precision you want.
The 8% of the the standard deviation is 8% × $180,000 = $14,400.
Since the $6,000 is a constant it does not modify the standard deviation.
These results are a consequence of the linearity of the mean and the standard deviation.
Call Y the salesperson salary, and X the valueof the orders. Then:
The linearity property states that:
- Mean of Y = 8% × (mean of X) + 6,000
And:
- Standard deviation of Y = 8% × (Standard deviation of X).
Answer:
If Meekertown allows free trade, then it will import meekers.
Explanation:
Meekertown would have no choice but to import meekers, since its import cost ($ 21) would be much less than its local production cost ($ 35). In other words, Meekertown would find it much more expensive to manufacture its own products than simply buying them in markets abroad. Therefore, importing would be much more beneficial to its economy.
Answer:
phan tich most truong kinh doanh nham
The best method for this case would be the one known as LIFO. This method, also known as The last in, First out, is fitting for the sales staff. Have in mind that this method is used to place an accounting value on inventory. This method states that the last item of the inventory is the first one sold which would benefit the sales staff.