Answer:
The hypothesis that the buyer should test is the paired t-test for the mean difference.
Explanation:
We are given that a buyer for a manufacturing plant suspects that his primary supplier of raw materials is overcharging. To determine if his suspicion is correct, he contacts a second supplier and asks for the prices.
The data is given below;
Material Primary supplier Secondary supplier Difference
1 $55 $45 $10
2 $48 $47 $1
3 $31 $32 -$1
4 $83 $77 $6
5 $37 $37 $0
6 $55 $50 $5
7 $47 $40 $7
The hypothesis that the buyer should test is the paired t-test for the mean difference because we are interested in comparing the difference between the cost of raw materials charged by both the suppliers.
Answer:
a) 67% of filers surveyed plans to file their taxes electronically.
b) 613 people will use the professionals to prepare their taxes.
Explanation:
Given that;
survey shows 684 of 1021 people would most likely file electronically.
a)
to estimate the percentage of all taxpayers who file electronically, we say;
(684 / 1021) * 100% = 0.6699 = 0.67
therefore 67% of filers surveyed plans to file their taxes electronically.
b)
Given that 60% ( 0.6 ) said they would us professionals, now to find how many people did it this way, we say;
( 60 / 100) * 1021 = 612.6 = 613 (we are talking about number of person)
so 613 people will use the professionals to prepare their taxes.
If you need to know were something is you well have the section for it
17,000 * 17,000 * 0.15 = 43,350,000
(Hope this helps...)
Solution:
1% x $88,000 = $880
That's the noncollectable estimate
$88,000 - $880 = $87,120
That's the approximate amount to be collected.
Since $69,600 has already been collected, that leaves $17,520
[ $87,120 -$69,600= $17,520 ]
This is realized but not taken into account.
The amount of net realizable value of receivables on the December 31, Year 1 balance sheet would be: $17,520