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Novosadov [1.4K]
3 years ago
14

A random sample of 84 shoppers were interviewed and 51 said they prefer to shop alone rather than with someone else. let p repre

sent the proportion of all shoppers at this mall who would prefer to shop alone. find a point estimate (p hat) for p.
Business
1 answer:
Dmitry [639]3 years ago
7 0
The point estimate or p hat is a single value that shows the best estimation of a certain parameter among a population.

To calculate point estimate, we divide the parameter by the whole population.

In case of this problem:
p hat = 51/84 = 0.607

To get the percent, we multiply the output by 100:
% of point estimate = 0.607 x 100 = 60.7%
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Although appealing to more refined tastes, art as a collectible has not always performed so profitably. During 2003, an auction
Leviafan [203]

Answer:

-5.95%

Explanation:

A = P(1+r)^n

A is the auction price at which the sculpture was sold = $10,331,500

P is the price the sculpture was purchased = $12,417,500

n is the time interval between the year of sales and year of purchase

10,331,500 = 12,417,500(1+r)^3

(1+r)^3 = 10,331,500/12,417,500

(1+r)^3 = 0.832

1+r = (0.832)^1/3

1+r = 0.9405

r = 0.9405 - 1 = -0.0595 = -5.95%

8 0
3 years ago
is a structured approach used by decision makers to develop a sourcing strategy for a product or service, based on the value pot
kow [346]

Portfolio analysis is a structured approach used by decision makers to develop a sourcing strategy for a product or service, based on the value potential and the relative complexity or risk represented by a sourcing opportunity.

<h3><u>Explanation:</u></h3>

Portfolio analysis is an analysis of the elements incorporated in a mix of products to progress decisions that are demanded to develop overall return. Portfolio Analysis carried at frequent intervals benefits the investor to originate innovations in the portfolio allocation and modify them according to the developing market and several factors.

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4 0
3 years ago
The primary objective of financial reporting is to provide information:
inna [77]

Answer:

The correct answer is letter "B": That is useful in decision making.

Explanation:

Financial reporting is the activity every business organization engages to analyze the current situation of the company's operations to take decisions. The Financial Statements are the core instruments firms review to find out how is the firm performing and what points could be improved to maximize the revenue.

7 0
3 years ago
Chelsea's house is for sale, and she is selling it through a real estate agent. The house is listed, and any licensed agent may
77julia77 [94]

Answer: Invitees.

Explanation:

Stan the property agent and Paula the potential buyer are invitees to Chelsea's property. An invitee is a person or group of people invited to the property of an individual for the purpose of a business transaction or a public visit.

6 0
3 years ago
The First Bank of Flagstaff has issued perpetual preferred stock with a $100 par value. The bank pays a quarterly dividend of $1
Olegator [25]

Answer:

$56.89

Explanation:

The computation of the current price of this preferred stock is shown below:

= Annual dividend ÷ required rate of return

where,

Annual dividend equal to

= Quarterly dividend × number of quarters in a year

= $1.65 × 4 quarters

= $6.6

And, the required rate of return is 11.6%

Now put these values to the above formula  

So, the price would equal to

= $6.6 ÷ 11.6%

= $56.89

5 0
3 years ago
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