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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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3 years ago
Beckronski Company has the following information available for the month of​ March: Units ​Transferred- in Costs Direct Material
storchak [24]

Answer:

Direct Material Equivalent Unit Weighted Average Cost Method= 240+ 400- 400= 240

Units Cost for Direct Materials= $52,000 /230= $ 226.086

Explanation:

Beckronski Company

                              Units ​                    Transferred- in Costs

                                            Direct Mat       Conversion Costs      WIP ​inventory

March 1                  240 ​         $33,600           0 ​                            $18,000 ​

<u>Percent complete                    ​100% ​              0% ​                         62.5%</u>

Equivalent Units                     240                     -                          150                                            

Transferred in

<u> March                 400                                                                                    </u>

Equivalent Units                          400                    400                   400

Mar 31  WIP ​inventory,  200

<u>​*Percent complete                       ​100%           ​0% ​                         80%       </u>

Equivalent Units                         400                    -                        320

Weighted Average Cost Method = Beg. Inv Equiv. Units + Units Transferred in Less Ending Inventory Equivalent Units

Direct Material Equivalent Unit Weighted Average Cost Method= 240+ 400- 400= 240

Conversion Costs Equivalent Unit Weighted Average Cost Method=

0+ 400-0= 400

Work In Process Equivalent Unit Weighted Average Cost Method=

150+ 400-320= 230

Costs added in March ​              $52,000            ​$13,200 ​        $48,600

Units Cost for Direct Materials=  $52,000 /230= $ 226.086

4 0
3 years ago
A company has issued 100,000 options of which 50,000 are "in the money at an average exercise price of $15.00. The Company’s sto
nikitadnepr [17]

Answer:

20,000 shares

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The computation of given question is shown below:-

Dilutive number of shares:-

Proceeds from the options issue = 50,000 × $15

= $750,000

Shares issued = 50,000

Treasury shares purchased from proceeds of the options

= ($750,000 ÷ $25)

= 30,000

Dilutive number of shares outstanding = Shares issued - Shares purchased back

50,000 - 30,000

= 20,000 shares

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