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Korvikt [17]
3 years ago
15

Sales at a fast-food restaurant average $6,000 per day. The restaurant decided to introduce an advertising campaign to increase

daily sales. In order to determine the effectiveness of the advertising campaign a sample of 49 days of sales were taken. They found that the average daily sales were $6,400 per day. From past history, the restaurant knew that its population standard deviation is about $1,000. The value of the test statistic is _______.
a. 2.8 b. 1.96 c. 6,400 d. 6,000
Business
1 answer:
zimovet [89]3 years ago
8 0

Answer: a. 2.8

Explanation:

Given : Population mean : \mu=\$6,000\text{ per day}

Sample size : n= 49> 30 , the sample is a large sample  we use z-test.

Sample mean = \overline{x}=\$6,400\text{ per day}

Standard deviation : \sigma= \$1,000

The test statistic for population mean is given by :-

z=\dfrac{\overline{x}-\mu}{\dfrac{\sigma}{\sqrt{n}}}\\\\\Rightarrow\ z=\dfrac{6400-6000}{\dfrac{1000}{\sqrt{49}}}=2.8

Hence, the value of the test statistic is 2.8

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Developing human capital is essential to maintaining a competitive advantage in today's knowledge economy. Efforts and initiativ
katrin [286]

Answer:

Letter d is correct. <u>Throughout the firm at all levels.</u>

Explanation:

The most appropriate option for this issue is that the development of human capital must be directed to the entire company at all levels.

The human capital in a company corresponds to all employees, which contains a set of competences and skills that integrated will contribute to generate competitive advantage in the current knowledge economy and consequently contribute to the company's success in the market.

Developing human capital should be the responsibility of all levels of the organization, as the valorization of employees will contribute to their development, personal and professional growth, increase motivation and job satisfaction, which generates greater productivity and results.

Currently, the business world is increasingly globalized, and this requires more suitable professionals, with a global stance, new ideas and knowledge so that the organization maintains the innovation necessary to remain in the market.

Therefore, it is necessary that human capital development actions, such as courses, training, incentives, etc., be implemented together with the mission, vision and organizational values, in order to create a positive organizational culture focused on the development of human capabilities.

8 0
3 years ago
If a quota is set above the equilibrium quantity, there will be: missed opportunities in the form of mutually beneficial transac
Anettt [7]

Answer:

The correct answer is no immediate effect..

Explanation:

The impact of the minimum price on the functioning of the market will depend on whether said price is below or above the equilibrium price (the price at which the market would freely tend if there were no public intervention).

If the minimum price is below the equilibrium price it has no impact since the market will naturally be above said minimum price.

On the other hand, if the minimum price is higher than the equilibrium price, this ceiling will prevent the market from reaching its equilibrium point. The price will be at said minimum level where the quantity supplied will be greater than the quantity demanded, which will cause an excess supply that will remain unsold.

If the maximum price is above the equilibrium price it will not have any impact since the market will naturally tend to be below this maximum limit.

If, on the contrary, the maximum price is lower than the equilibrium price, then this limit will prevent the market from reaching equilibrium. The price will be at the maximum limit where the quantity supplied will be less than the quantity demanded. This will cause excess demand, so part of it will remain unmet.

5 0
3 years ago
The stated interest payment, in dollars, made on a bond each period is called the bond's?
kipiarov [429]

The stated interest payment, in dollars, made on a bond each period is called the bond's <u>Coupon.</u>

Payment is the act of giving or being paid money to someone. He tried to get paid for the amount owed to him. [ + of ] [Also + of] Synonyms: Claim, Payment, Relief, Display Synonyms for payment.

For TDS payments, the relevant payment type is defined by the department along with the relevant tax rate, section, payment code, and threshold. When creating a TDS payment type, you can press Ctrl+C and select the required payment type.

A payment method is how a customer pays for a product or service. Physical stores accept payment methods such as cash, gift cards, credit cards, prepaid cards, debit cards, and mobile payments.

Learn more about Payment here brainly.com/question/2151013

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4 0
1 year ago
Jamie received a bonus of $3,000. She decided to deposit the money in a savings account that earns 3.5% compounded daily for 180
alex41 [277]

The compound amount recieved by Jamie after 180 days is $1,466,844.98

Explanation:

We know that money in any sort of banking account earns interests in a compounding manner.

Amount at the end of time “x” is given by A= P(1+R/100) ˣ

Where A= amount after the said time period

P= Principal

R= Rate  

x= time period

One must note that “x” and “R” must be in same time-frame i.e. if the rate is compounded daily, time period must be considered daily and so on.

Substituting the values of P as $ 3000, R as 3.5%, and x as 180

Amount after 180 days= 3000 (1+3.5/100) ¹⁸⁰

Amount= $1,466,844.98

Thus, the amount is $1,466,844.98

7 0
3 years ago
Mussatto Corporation produces snowboards. The following per unit cost information is available: direct materials $16; direct lab
SCORPION-xisa [38]

Answer:

Selling price= $51.48

Explanation:

Giving the following information:

Direct materials $16

Direct labor $5

Variable manufacturing overhead $9

Variable selling and administrative expenses $6

To compute the total cost per unit, we will use the variable costing approach. We will only compute the variable costs.  

Total cost per unit= $36

Selling price= $51.48

6 0
2 years ago
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