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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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If a firm in a monopolistically competitive market lowers price, then Use letters in alphabetical order to select options
Valentin [98]

Answer: quantity demanded for the good will increase (D)

Explanation:

Monopolistic competition is an imperfect competition where there are many producers that sell products that are differentiated from each another e.g through quality or branding.

In a monopolistic competitive market, firms maximizes profits when marginal revenue equals to the marginal cost. The demand curve of a monopolistic competitive market is downward sloping which means that as price reduces, the quantity demanded for the good will increase.

3 0
2 years ago
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Statement: "Whenever a company’s activities reduce the quality of life for nearby homeowners, the company should be legally requ
olganol [36]

Answer:

2) assumption not made

Explanation:

The original statement does not include any assumption about what the companies are doing about this issue, it just proposes an idea of fair compensation.

maybe whoever wrote this statement believes that very few companies or none at all actually compensate homeowners for a reduction in the market value of their properties, but it doesn't state it. It is also possible that the statement assumes that companies are paying some compensations or were paying some compensations but are not willing to continue to do it since no legislation forces them to do so. The author's position is vague and not clear with respect to what the companies are currently doing.

4 0
3 years ago
Managerial accounting information: Select one: a. follows GAAP in the reporting process. b. can be tailored to the needs of the
saveliy_v [14]

Answer:

b. can be tailored to the needs of the internal user.

Explanation:

Managerial accounting information is basically for internal users, and is not aimed to provide information to external users. It aims of future projections.

It need not follow the US GAAP process, as there is no statutory requirement.

Shareholders are considered external for this purpose, as internal ones are, management, employees, labor etc:

Therefore, it does not help shareholders.

It does not report any kind of business results, it only aims to regulate transactions and accordingly planning future goals.

Therefore, correct option is

b. can be tailored to the needs of the internal user.

7 0
3 years ago
Annual depreciation rates are (a) buildings (4%) (b) equipment (10%). Salvage value is estimated to be 10% of cost.
GrogVix [38]

Answer:

depreciation expense 5,800   debit

      acc dep - building              4,320  credit

      acc dep - equipment          1,480  credit

<u>Missing information</u>

GRECO RESORT TRIAL BALANCE AUGUST 31, 2014

Buildings 120,000 Equipment 16,000

Explanation:

First, calcualte the depreciable amount:

cost less salvage value:

120,000 - 10% = 120,000 * (1 - 0.1) = 108,000

Now we multiply this by the depreciation rate which represent 1/useful life

108,000 x 4% = 108,000 x 0.04 = 4,320

We do the same with the equipment

16,000* (1 - 0.1) = 14,800 amount subject to depreciation

14,800 * 10% = 14,800 x 0.1 = 1,480

he adjusting entry will debit the depreciation expense and increase the accumulated depreciation of eahc asset

6 0
2 years ago
A firm's attempts to shorten the length of time a process takes, may lead to disappointing outcomes because of ______.
liraira [26]

A firm's attempts to shorten the length of time a process takes may lead to disappointing outcomes because of time compression diseconomies.

<h3>What are time compression diseconomies?</h3>
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  • Not every subsidiary deals with time compression diseconomies to the same extent.
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  • TCD explains why the well-studied relationship between the level of multi-nationality and business success is negatively moderated by the rate of overseas expansion.

To learn more about Diseconomies refer to:

brainly.com/question/14563017

#SPJ4

4 0
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