Given:
n = 4000, sample size
p = 16% = 0.16, the proportionof theose who watch60 minnures.
Confidence interval (CI) = 95%
The z* parameter is 1.96 for 95% CI, so the confidence interval is
That is
0.16 +/- 1.96*√[(0.16*0.81)/4000]
= 0.16 +/- 0.114
= (0.1486, 0.1714)
Answer:
The 95% confidence interval is approximately (15%, 17%) or 15% ≤ p ≤ 17%.
Note:
To correct for the fact that we are using a discrete distribution to match a continuous distribution, it is customary to subtract 0.5/n from the lower limit and to add it to the upper limit.
If this correction is applied, the 95% confidence interval becomes
(0.1486-0.5/4000, 0.1714+0.5/4000)
= (0.1485, 0.1715)
or
15% ≤ p ≤ 17%
The correction does not affect the result in a significant way.
Answer:
Correct option is B <u>peak-load pricing</u>
Explanation:
This is an example of peak load pricing, as the people who buy the resort service at the time of the peak are not able to get the low prices but in the off season the same goods are available at a lower price.
Answer: D. $6,000
Explanation:
Given the following :
Activity cost pool
- - - - - - - - - - - - - - - - - - Machining Order Filling Other
Equipment depreciation 0.40 - - - - - 0.10 - - 0.50
Supervisory expense - - 0.20 - - - - - 0.30 - - 0.50
First stage allocation:
Overhead cost
Equipment depreciation - $51,000
Supervisory expense - $3000
Order filling:
Equipment depreciation - $51,000 × 0.1 = $5100
Supervisory expense - $3000 × 0.3 = $900
Total overhead - $( 5100 + 900) = $6,000
Answer:
The correct answer to the following question is option D) quantity supplied of striped shorts will decrease.
Explanation:
Here as people's preference changes from striped shorts to plaid shorts, then the quantity supplied of stripped shorts will decrease and quantity supplied of plaid shorts will increase. Here the supply curve of striped shorts will not decrease because here there has been no increase or decrease in the production cost of shorts due to the change in people's preference, and if there is no change in the production cost of the striped short then how the supply curve would change and that;s why op
The true statements are:
- Raw materials inventory represents the cost of materials not yet used in production.
- When materials are purchased they are recorded in the Raw materials inventory account.
<h3>What are Raw materials?</h3>
Raw Materials are unprocessed materials used in the production of certain finished products.
In business accounting;
- The raw materials inventory is recorded as the cost of materials that are yet to be used in production.
- The materials purchased are usually recorded in the raw materials inventory account.
Learn more about raw materials here:
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