1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Tasya [4]
3 years ago
13

a random sample of 65 high school students has a norma distribution. The smple mean average ACT exam score was 21.4 with a 3.2 s

ample standard deviation. Construct a 90% confidence interval estimate of the population mean average ACT exam and write a sentence to explain the confidenve interval.
Business
1 answer:
gulaghasi [49]3 years ago
3 0

Answer:

90% Confidence interval:   (20.7376 ,22.0624)

Explanation:

We are given the following information in the question:

Mean, μ = 21.4

Standard Deviation, σ = 3.2

Sample size, n = 65

We are given that the distribution of ACT exam score is a bell shaped distribution that is a normal distribution.

90% Confidence interval:  

\bar{x} \pm t_{critical}\displaystyle\frac{s}{\sqrt{n}}  

Putting the values, we get,  

t_{critical}\text{ at degree of freedom 64 and}~\alpha_{0.10} = \pm 1.669 

21.4 \pm 1.669(\frac{3.2}{\sqrt{65}} ) = 21.4 \pm 0.6624 = (20.7376 ,22.0624)

You might be interested in
1. Which of the following is characteristic of governmental fund accounting and financial reporting? a. The inclusion of only fi
34kurt

Answer:

a) the inclusion of only financial assets and related liabilities.

Explanation:

The basic foundation of governmental financial accounting and reporting in the United States was established by the Governmental Accounting Standards Boards (GASB) in its "Objectives of Financial Reporting," which stated that the purpose of financial reporting is to provide information to facilitate decision making by various groups.

The groups were defined as;

(1) citizens of the governmental entity,

(2) direct representatives of the citizens, such as legislatures and oversight bodies, and

(3) investors, creditors, and others who are involved in the lending process.

3 0
3 years ago
Resource Room prints custom training material for corporations. The business was started January 1, 2017. The company uses a nor
nadya68 [22]

Answer:

Budgeted Overhead Cost          266,000          

Budgeted Labor Cost                   190,000          

Recovery rate                       =266000/190000          

Recovery rate per labor cost     1.40          

Actual Material                             158,000          

Actual labor                                       175,000          

WIP closing                         Material    Labor          

Job 11                                4,720    5,700          

Job 12                                 5,090    6,900          

Total                                  9,810    12,600          

Transfer to Finished= Total-WIP            

Actual Material                 148,190          

Actual labor                         162,400          

Category                    Finished    WIP           Total        

Material                             148,190     9,810          158,000        

Labor                             162,400     12,600   175,000        

Overhead-Recovered      227,360      17,640     245,000

@ 140% of labor        

Balance before                537,950       40,050     578,000

adjustment to overhead

under-allocation        

Option 1-Underallocated     2,200                                     2,200  

overhead (247200-245000)

     

Balance after adjusting      540,150       40,050     580,200

overhead under-allocation        

Option 2-Underallocated        2,042           158      2,200

overhead in overhead allocated rate

       

2200*227360/245000            

2200*17640/245000            

Balance before adjustment          537,950          40,050     578,000

to overhead under-allocation        

Balance after adjusting                 539,992          40,208     580,200  

overhead under-allocation          

g. the option 2 will be chosen because a careful look at the underallocated overhead is similar to 2017 so the charge should be levied on all activity

Explanation:

Budgeted Overhead Cost          266,000          

Budgeted Labor Cost                   190,000          

Recovery rate                       =266000/190000          

Recovery rate per labor cost     1.40          

Actual Material                             158,000          

Actual labor                                       175,000          

WIP closing                         Material    Labor          

Job 11                                4,720    5,700          

Job 12                                 5,090    6,900          

Total                                  9,810    12,600          

Transfer to Finished= Total-WIP            

Actual Material                 148,190          

Actual labor                         162,400          

Category                    Finished    WIP           Total        

Material                             148,190     9,810          158,000        

Labor                             162,400     12,600   175,000        

Overhead-Recovered      227,360      17,640     245,000

@ 140% of labor        

Balance before                537,950       40,050     578,000

adjustment to overhead

under-allocation        

Option 1-Underallocated     2,200                                     2,200  

overhead (247200-245000)

     

Balance after adjusting      540,150       40,050     580,200

overhead under-allocation        

Option 2-Underallocated        2,042           158      2,200

overhead in overhead allocated rate

       

2200*227360/245000            

2200*17640/245000            

Balance before adjustment          537,950          40,050     578,000

to overhead under-allocation        

Balance after adjusting                 539,992          40,208     580,200  

overhead under-allocation          

g. the option 2 will be chosen because a careful look at the underallocated overhead is similar to 2017 so the charge should be levied on all activity

3 0
3 years ago
In a Bring Your Own Device (BYOD) policy, the user acceptance component may include separation of private data from business dat
disa [49]

Answer:

True

Explanation:

Bring your own device policy is  is a policy whereby companies allow employees to use their  laptops, smart phones, tablets and the likes for official purposes. It is mostly used by small scale firm who can't afford to get all of these gadgets for their workers. Separating of private data and business data included in the acceptance component will help to maintain confidentiality of company's files that are on the employee's device.

6 0
3 years ago
Which of these banking services allows your paycheck to be transmitted electronically to your bank?
DiKsa [7]
The banking that allows that can be chase.
4 0
3 years ago
Molteni Motors Inc. recently reported $3.5 million of net income. Its EBIT was $5.25 million, and its tax rate was 30%. What was
Hatshy [7]

Answer:

$250,000

Explanation:

The computation of the interest expense is shown below:

Given that

Net Income = $3,500,000

Tax rate = 30%

EBIT = $5,250,000

As we know that

EBT = EBIT - Interest Expense

So,

Interest expense = EBIT - EBT

where,

EBT = Net Income ÷ (1 -Taxes)

= $3,500,000 ÷ ( 1 - 30%)

= $5,000,000

And, the EBIT is $5,250,000

So, the interest expense is

= $5,250,000 - $5,000,000

= $250,000

We simply applied the above formula

7 0
3 years ago
Other questions:
  • Potter & Lopez Inc. just sold a bond with 50 warrants attached. The bonds have a 20-year maturity and an annual coupon of 12
    10·1 answer
  • If any email asks you to click on a link to "confirm" or give your personal information, what should you do?
    15·1 answer
  • The estimated unit costs for a company to produce and sell a product at a level of 15,000 units per month are as follows:Cost It
    12·1 answer
  • Alpha Company sold goods to customers who used Under-the-Hill bank credit cards. Credit card sales on July 8, 2016 amounted to $
    6·1 answer
  • Gator Corporation manufactures several types of accessories. For the year, the gloves and mittens line had sales of $489,000, va
    9·1 answer
  • Late in the current year, Jolsen Company signed a four-year contract with an advertising agency. Under the contract, Jolsen must
    5·1 answer
  • In​ general, the supply chain starts with A. final customers at the retail store. B. the provider of basic raw materials. C. res
    9·1 answer
  • Rugen Inc., a hospitality chain, hired a large number of military veterans in the hope that it would help put the business in a
    6·1 answer
  • Suppose that in 1994 the total output in a single-good economy was 10,000 buckets of chicken. Also suppose that in 1994 each buc
    15·1 answer
  • In its first month of operations, Literacy for the Illiterate opened a new bookstore and bought merchandise in the following ord
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!