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Pavlova-9 [17]
3 years ago
9

The distribution of the amount of a customer’s purchase at a convenience store is approximately normal, with mean $15.50 and sta

ndard deviation $1.72. Which of the following is closest to the proportion of customer purchase amounts between $14.00 and $16.00 ?
Business
1 answer:
bazaltina [42]3 years ago
4 0

0.42 is the closest to the proportion of customer purchases amounts between $ 14.00 and $ 16.00

<h2>Further Explanation </h2>

Standard deviations are statistical values ​​that are used to determine how the data is distributed in a sample, as well as how close the individual data points are to the mean or average sample value.

A standard deviation of a data set equal to zero indicates that all values ​​in the set are the same. Whereas the greater deviation value indicates that individual data points are far from the average value.

Usually, the standard deviation is used by statisticians or people working in the world to find out if the data samples taken represent the entire population.

Because finding the right data for a population is very difficult to do. Therefore it is necessary to use a sample of data that can represent the entire population making it easier to conduct research or a task.

As an illustration, if someone wants to know the weight of a boy aged 10-12 years in a school, then what needs to be done is to find out the weight of some people and calculate the average and standard deviation. These calculations will know the value that can represent the entire population.

Learn More

Standard deviations

individual data

Details

Grade: High School

Subject: Business

Keyword: deviations, individual, data

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On December 31, 2021, Larry's Used Cars had balances in Accounts Receivable and Allowance for Uncollectible Accounts of $64,000
Svet_ta [14]

Answer:

Bad debt expense                        6,500 debit

    Allowance for uncollectible account 6,500 credit

Explanation:

"determined that there should be an allowance for uncollectible accounts of $5,150 at December 31, 2022."

We need to recognize as much bad debt as it need to leave the allowance balance on our expected uncollectible account.

balance for allowance before adjsutment:

beginning - write-off = unadjusted allowance

1,250 - 2,600 = -1,350

expected balance - unadjusted balance = adjustment

                5,150      - (-1,350)                     =  6,500

Bad debt expense                        6,500 debit

    Allowance for uncollectible account 6,500 credit

5 0
2 years ago
Scenario: Terrill and Natalia want to buy a home valued at $150,000. The property tax in their community is 1 percent of the pro
wariber [46]

1,500 is the answer ......

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3 years ago
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What happens at oceanic-continental convergent boundaries
anzhelika [568]

Answer:

The first type of convergent boundary is Oceanic-Continetal Convergence. This type of convergent boundary happens where an oceanic plate and a continental plate push together causing the oceanic plate to be forced under the continental plate into the mantle because the oceanic plate is thinner. This is called a subduction.

Explanation:

4 0
3 years ago
Spencer Tools would like to offer a special product to its best customers. However, the firm wants to limit its maximum potentia
pochemuha

Answer:

b. 3,249 units

Explanation:

Step 1. Given information.

Fix costs are 32.000

Depreciation expense 9.700

Contribution margin 9.85

Step 2. Formulas needed to solve the exercise.

Break even point = Fixed cost / contribution per unit

Step 3. Calculation.

Break even point= $32.000/$9.85= 3,248.73 rounded to 3,249

Step 4. Solution.

3.249 units is the minimum number of units to ensure its potential loss does not exceed the desired level

Option B is correct i.e. 3.249 units

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2 years ago
During the month of June, Ace Incorporated purchased goods from two suppliers. The sequence of events was as follows: June 3 Pur
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Answer and Explanation:

The journal entries are shown below:

On June 3

Merchandise Inventory $4,100

                   To Accounts payable $4,100

(Being the purchase of goods on credit is recorded)  

On Jun 5

Accounts payable $1,100  

         To Merchandise   Inventory  $1,100

(To record purchase returns)  

On June 6

Merchandise Inventory $1,000

     Accounts payable  $1,000

(Being the purchase of goods on credit is recorded)  

On June 11

Accounts payable ($4,100 - $1,100) $3,000

               To Cash  $2,960

               To  Inventory ($4,100 - $1,100) × 2%  $60

(Being the payment is recorded)  

On June 22

Accounts Payable $2,000     ($3,000 - $1,000)

    To Cash  $2,000

(Being the payment on account in full is paid)

4 0
3 years ago
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