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Alona [7]
3 years ago
6

Agricultural researchers plant 100 plots with a new variety of corn and measure the mean yield for these plots in bushels per ac

re. They treat the 100 plots as a simple random sample of possible plots of corn (as researchers often do) and report a 95% confidence interval for the mean corn yield of (128.4, 131.6) bushels per acre. Which of the following is a correct interpretation of the 95% confidence level?
a.) We are 95% confident that the true mean yield for this new variety of corn is captured by the interval (128.4, 131.6) bushels per acre

b.) In repeated sampling, 95% of the intervals created will contain the interval 128.4 to 131.6 bushels per acre.

c.) If many intervals were constructed this way from many independent sets of 100 plots, 95% of the intervals would capture the true mean corn yield.

d.) There is a 95% chance that the mean yield of corn will be contained in the interval.
Business
1 answer:
kogti [31]3 years ago
7 0

Answer:

A

Explanation:

95% confidence interval gives the lower and upper limit for the mean corn yield per acre

Lower limit is 128.4 bushel per acre and upper limit is 131.6 bushel per acre

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lutik1710 [3]
1. True
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8 0
3 years ago
Job 148 requires $12,000 of direct materials, $6,700 of direct labor, 550 direct labor hours, and 270 machine hours. It also req
taurus [48]

Answer:

b. $26,740

Explanation:

The computation of the total amount of overhead allocated is shown below:

overhead allocated is

= (actual direct labor hour × overhead rate per direct labor hour) + (Actual machine hour × overhead rate per machine hour)  

= (550 × 28) + (270 × 42]

= $15,400  + $11,340

= $26,740

hence, the total amount of overhead allocated is $26,740

6 0
3 years ago
The XYZ Corporation pays no cash dividends currently and is not expected to for the next five years. Its latest EPS was $18.00,
stellarik [79]

Answer:

current intrinsic value per stock = $26.35

Explanation:

year                      dividend              EPS

0                              0                       $18

1                               0                       $20.88

2                              0                       $24.22

3                              0                       $28.10

4                              0                       $32.59

5                              0                       $37.81

6                              $12.59              $41.97

growth rate up to year 5 = 16%

ROE growth rate starting year 6 = 11%

dividend growth rate starting year 6 = 11% x (1 - 30%) = 7.7%

cost of equity = 24%

horizon value at year 5 = $12.59 / (24% - 7.7%) = $77.24

current intrinsic value per stock = $77.24 / 1.24%⁵ = $26.35

4 0
3 years ago
On March 15, Summit Hawk declares a quarterly cash dividend of $0.085 per share payable on April 13 to all stockholders of recor
Sedaia [141]

The journal entries to  Summit Hawk's declaration and payment of cash dividends is: Debit Dividend  $18,530,000; Credit  Dividend payable   $18,530,000

<h3>Journal entries</h3>

March 15

Debit Dividend  $18,530,000

(218,000,000 shares × $0.085)

Credit  Dividend payable   $18,530,000

(To record cash dividend declaration)  

March 30

No entry

April 13

Debit Dividend payable     $18,530,000

(218,000,000 shares × $0.085)

Credit  Cash     $18,530,000

(To record payment of cash dividend)


Therefore the journal entries to  Summit Hawk's declaration and payment of cash dividends is: Debit Dividend  $18,530,000; Credit  Dividend payable   $18,530,000.

Learn more about journal entries here:brainly.com/question/14017973

#SPJ1

6 0
2 years ago
On January 1, 2020, Hat Trick Manufacturing exchanged some equipment for a $750,000 zero-interest-bearing note due on January 1,
Marina86 [1]

Answer:

61,198.47

Explanation:

First we solve for the present value of the note receivables at January 1st, 2021 As we are asked for the interest revenue on the 2021 incoem statment

\frac{Maturity}{(1 + rate)^{time} } = PV  

Maturity  $750,000.00

time  2.00

rate  0.10000

\frac{750000}{(1 + 0.1)^{2} } = PV  

PV   619,834.7107

now, we calcualte the interest considering the 10% implicit interest

619,834.7107  x 0.10 = 61,198.47

This will be the interest revenu for the year 2021

4 0
3 years ago
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