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sukhopar [10]
3 years ago
10

Why is the assumption of a normal, bell-shaped distribution important in making these estimates

Business
2 answers:
ira [324]3 years ago
7 0

The term bell is utilized to portray the scientific idea called ordinary circulation, once in a while alluded to as Gaussian conveyance. "Chime bend" alludes to the ringer shape that is made when a line is plotted utilizing the information focuses for a thing that meets the criteria of ordinary appropriation.  

In a bell, the middle contains the best number of a worth and, in this way, it is the most elevated point on the curve of the line. This point is alluded to the mean, yet in straightforward terms, it is the most noteworthy number of events of a component (in factual terms, the mode).  

<u>Explanation:</u><u>  </u>

The ordinary dissemination is the most significant likelihood dispersion in insights since it fits numerous regular marvels. For instance, statures, pulse, estimation mistake, and IQ scores pursue the typical circulation. It is otherwise called the Gaussian conveyance and the ringer bend.  

The typical appropriation is a likelihood work that depicts how the estimations of a variable are conveyed. It is a symmetric circulation where a large portion of the perceptions bunch around the focal pinnacle and the probabilities for values further away from the mean decrease similarly in the two headings. Outrageous esteems in the two tails of the appropriation are comparatively improbable .

Furkat [3]3 years ago
5 0

Answer:

A normal bell-shaped distribution is a normal distributed set of data that has to be treated in a uniform way.

Explanation:

A normal bell-shaped distribution is an assumption that depict that the average of the data is distributed close to the mean and that there is a standard deviation an a normal distribution that allow the data to be treated in a uniform way.

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The demand for loanable funds is _______ sloping because _______ respond to lower interest rates by _______ their quantity deman
jarptica [38.1K]

Answer:

The answer is a. downward; investors; increasing

Explanation:

The lower the interest rate, the greater the desire for loanable funds. Similarly, at higher interest rates,  less funding demanded.

8 0
3 years ago
Suppose a farmer in Georgia begins to grow peaches. He uses​ $1,000,000 in savings to purchase​ land, he rents equipment for ​$9
11111nata11111 [884]

Answer: The farmer's economic profit is $2,75,000.

Explanation:

Cost Incurred for Growing peaches (Explicit Cost) :

Rents equipment = $90,000 a year

Paid Wages = $1,50,000

Total Explicit cost = $2,40,000

Total Revenue(TR) Earned:

TR = Number of baskets of peaches produced per year × selling price of each peaches

= 2,00,000 × $3.00

= $6,00,000

Opportunity Cost (Implicit Cost):

Interest rate on savings ( 5 %) = 5% of $1,000,000

                                                  = $50,000

Farmer earn as a shoe salesman = $35,000

Total implicit cost = $85,000

<u>Economic Profit:</u>

Economic Profit = Total Revenue - Implicit cost - Explicit cost

                            = $6,00,000 - $85000 - $2,40,000

                            = $2,75,000

3 0
3 years ago
Amanda has $150 to spend. If she buys 8 gallons of paint, does she have enough money left to buy 2 pints of paint thinner?.
NNADVOKAT [17]

Answer:

The paint calculator is useful if you're planning an interior or exterior home painting project. Here are a few details so you can better understand how we came up with our calculations. How Much Does a Gallon of Paint Cover? One gallon of paint covers approximately 350 square feet. A standard door accounts for approximately 20 square feet

Explanation:

4 0
3 years ago
On October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner contributed $83,220 in assets in exchange for its
nexus9112 [7]

Answer and Explanation:

The Preparation of statement of cash flows for Ernst Consulting is shown below:-

<u>Ernst Consulting</u>

<u>Cash Flows from Operating Activities</u>

<u>Particulars                                                                          Amount</u>

Paid cash to employees                          ($840)

Paid cash for rent                                     ($2,770)

Paid cash for telephone expense            ($820)

Paid cash for miscellaneous expenses    ($630)

Net cash used in Operating Activities                            ($5,060 )

Cash Flows from Investing Activities  

Paid cash for purchase of equipment      ($17,200)

Net cash used in Investing Activities                             ($17,200 )

Cash Flows from Financing Activities

Cash invested by owner                            $37,380  

Cash dividends                                           ($1,280)  

Net cash flows provided by Financing Activities          $36,100

Net increase ( decrease) in cash                                       $13,840

Cash balance, October 1                                                       0

Cash balance, October 31                                                   $13,840

Therefore we have considered cash inflow presented in positive amount

while cash outflow in negative amount.

4 0
3 years ago
When markets or governments make economic decisions about how to most efficiently convert their resources into goods and service
yan [13]
There are four given basic economic questions and these serve as a guide on the production of goods and services. In the given scenario above, the basic economic question that they are answering would be how to produce. The correct answer is option A. This question applies since resources are also limited. And they must make a way on how to produce enough goods and services from limited resources. Hope this helps.
8 0
3 years ago
Read 2 more answers
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