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Hitman42 [59]
4 years ago
5

When do you need statistics? Group of answer choices You never actually need statistics When you want to know if one group diffe

rs absolutely from another group When we subsample from a population When we want to establish a null hypothesis
Business
1 answer:
miss Akunina [59]4 years ago
6 0

Answer:

When we subsample from a population

Explanation:

A subsample is a set of data that we take from smaller group of people in order to represent the larger group.

It is really crucial for companies to get this type of subsample in order to obtain statistical data about customer's preference. This will increase the efficiency of their marketing process.

For example,

Let's say that you want to create a toy for children.

It is impossible for you to actually ask every single child in this country about the type of toys they like. In such situation, you could get a subsample from a  smaller group of children (let's say you give questionnaires to 1000 children and ask them the type of toys they like.)

From the there, you could create a statistic that represent the types of toys that the children might be interested in.

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Suppose that Sidney runs a micro financing agency that lends money to people to start small businesses in poor countries. Sidney
NemiM [27]

Answer:

1) $9615.38

2)$9245.56

3) b is the correct option.

Explanation:

See the attached pictures for detailed answer.

5 0
4 years ago
Keeping all other criteria the same, add a child to the family you used in part a to determine the monthly
Natasha_Volkova [10]

Explanation:

WHAT IS PHOTOSYNTHESIS

6 0
3 years ago
Chegg As the U.S. economy continues to recover from the effects of the recession of 2007–2009, it is widely anticipated that the
Kazeer [188]

Answer:

Year 1= 1.5%

Year 5= 3.5%

Year 10= 3.5%

10 year nominal interest rate will be 3.5%

Explanation:

7 0
3 years ago
You expect to receive annual gifts of $1,000 at the end of Years 1 and 2 and $1,500 at the end of Years 3 and 4. What is the cor
andrezito [222]

Answer:

PV of annuities =$3,021.53

Explanation:

<em>The present value of the annuity would be as follows;</em>

First annuity of $1000:

PV = A × (1- (1+r)^(-n)/r

PV = Present Value , r- rate of return, n-number of years

PV = 1000× (1- (1.06)^(-2)

PV= $1,833.39

The second annuity

PV = 1,500 x (1-1.06^(-2)× 1.06^(-2)= 1,188.140

PV = $1,188.140

PV of the annuities    = $1,833.39 + $1,188.140 =$3,021.53

PV of annuities =$3,021.53

3 0
3 years ago
Leigh Meadows and Byron Leef formed a partnership in which the partnership agreement provided for salary allowances of $35,000 a
zalisa [80]

Answer:

Leigh is responsible for $5,000 in losses, and Byron for $15,000 in losses.

Explanation:

Since both income and losses are shared equally, we must first determine the partnership's total income:

                         Leigh                Byron                 Total

salaries             $35,000           $25,000            $60,000

net loss = income - total costs

-$20,000 = $60,000 - total costs

total costs = $60,000 + $20,000 = $80,000

divided by the 2 partners:

                          Leigh                Byron                 Total

salaries             $35,000           $25,000            $60,000

costs                -$40,000          -$40,000           -$80,000

net loss              -$5,000           -$15,000           -$20,000

7 0
4 years ago
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