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kotykmax [81]
3 years ago
10

The monthly amounts spent for food by families of four receiving food stamps approximates a symmetrical, normal distribution. Th

e sample mean is $150 and the standard deviation is $20. Using the Empirical rule, about 95% of the monthly food expenditures are between which of the following two amounts?A. $205 and $220
B. $85 and $105
C. $100 and $200
D. $110 and $190
Business
1 answer:
otez555 [7]3 years ago
3 0

Answer:

The correct answer is D

Explanation:

Empirical rule is the rule in statistics, which defined as that for the normal distribution, that is as:

68% of the data fall under one standard deviation of mean.

Data which is 95% lie under the two standard deviations of the mean.

Data (All) which is 99.7%  lie under the three standard deviations of the mean.

So, in this case, the sample mean fall under second category, which is as:

= Sample mean ± 2 (Standard deviation)

= $150 ± 2($20)

= $150 ± $40

= $150 + $40 and $150 - $40

= $190 and $110

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The correct answer is the option A: True.

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To begin with, the <em>"Clayton Antitrust Act of 1914"</em> is the name given to a law that was part of United States antitrust law regime that had the main purpose of adding further substance to it in order to prevent anticompetitive practices by the companies in the market. Therefore that this law discusses four principles of economic trade and business which were the price discrimination, mergers and acquisitions, exclusive dealings and any person who was a manager of two or more organizations at the same time. It all focused on protecting the competition from the companies that looked for becoming a monopoly.  

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Kebt Corporation's Class Semi bonds have a 12-year maturity and an 8.75% coupon paid semiannually (4.375% each 6 months), and th
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Anakin puts $600 per year (starting today) into a retirement account. The account pays 5% effective annual interest. How much wi
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Answer:

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Explanation:

Time  Cash Flow

0            600

1             600  

2            600

3            600

4            600

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8 0
3 years ago
Southwick Products manufactures its products in two separate​ departments: Machining and Assembly. Total manufacturing overhead
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Answer:

a. 105

b. For machining $130

For assembly $50

Explanation:

a. The computation of the company's current plant-wide overhead rate is shown below:-

Current plant-wide overhead rate = Total manufacturing overhead  ÷ Total direct labor hours

= $1,050,000 ÷ 10,000

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b. The computation of refined departmental overhead rates is shown below:-

Departmental overhead cost = Overhead cost of department ÷ Cost driver of department

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= $650,000 ÷ 5,000

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For Assembly

= $400,000 ÷ 8,000

= $50

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