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Mnenie [13.5K]
3 years ago
13

A typing instructor builds a regression model to investigate what factors determine typing speed for students with two months of

instruction. Her regression equation looks like: Y' = 11 + 7x1 + 5x2 + 3x3 where: Y' = typing speed in words per minute; x1= hours of instruction per week; x2= hours of practice per week; x3 = hours of typing per week necessary for school or work;
Business
1 answer:
boyakko [2]3 years ago
6 0

Answer:

The range that has a 95.45% probability that that student's typing speed will be in two months is [49.5, 65.5].

Explanation:

The compete question is:

A new student is taking 2 hrs of typing instruction per week, will practice 5 hrs per week and must type 2.5 hours per week for work. If the standard error of the estimate is 4, within what range do we have a 95.45% probability that that student's typing speed will be in two months?

Solution:

The regression equation formed by the typing instructor to investigate what factors determine typing speed for students with two months of instruction is as follows:

Y' = 11 + 7x_{1} + 5x_{2} + 3x_{3}

Here,

<em>Y</em>' = typing speed in words per minute

<em>x</em>₁ = hours of instruction per week

<em>x</em>₂ = hours of practice per week

<em>x</em>₃ = hours of typing per week necessary for school or work

Compute the value of <em>Y</em>' for the given values of <em>x</em>₁, <em>x</em>₂ and <em>x</em>₃ as follows:

Y' = 11 + 7x_{1} + 5x_{2} + 3x_{3}

    =11+(7\times 2)+(5\times 5)+(3\times 2.5)\\=11+14+25+7.5\\=57.5

So, the typing speed of this student in words per minute is 57.5.

The range providing the (1 - <em>α</em>)% prediction interval for values of <em>Y</em>' is:

Y=[Y'\pm t_{\alpha/2, (n-2)}\times SE]

Since the data selected is for 2 months the sample size is too large.

The critical value of <em>t</em> is 2.

Compute the range as follows:

Y=[Y'\pm t_{\alpha/2, (n-2)}\times SE]

   =[57.5\pm 2\times 4]\\\\=[57.5\pm 8]\\\\=[49.5, 65.5]

Thus, the range that has a 95.45% probability that that student's typing speed will be in two months is [49.5, 65.5].

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Following are financial statement numbers and ratios for CVS Health Corporation for the year ended December 31, 2016. 2016 Total
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Explanation:

First and foremost,one needs to be aware that net operating profit margin(NOPM) of 3.6% was computed  by dividing operating profit after tax by  the total revenue for 2016,hence we use same formula to determine the net operating profit after tax for 2017 by merely changing the subject of the formula.

NOPM=net operating profit after/total revenue

net operating profit after tax=NOPM*total revenue

NOPM remains at 3.6%

total revenue for 2017=total revenue for 2016*(1+growth rate)

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Net operating profit after tax= 186,402.30 *3.6%=$ 6,710.48  million

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Electronic media have changed the way employers select qualified candidates. Applicant tracking systems (ATS) are often the firs
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a. Move all text to the right.

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The candidates should format the resume as short lines and mention key points. Move all text to the right to be able for ATS to ease tracking process.

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Scott is the business head of a software development firm that wants to increase its market share to 30 percent in the next 5 ye
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3 years ago
Accounts Receivable As of December 31, 2016, Nala Incorporated reported accounts receivable for $275,000 less allowance for doub
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Answer:

A.

1. Dr Accounts receivable $180,000

Cr Sales $180,000

2. Dr Cash $125,000

Cr Accounts receivable $125,000

3. Dr Sales returns and allowances $20,000

Cr Accounts receivable $20,000

4. Dr Allowance for doubtful accounts $35,000

Cr Accounts receivable $35,000

5. Dr Accounts receivable $2,500

Cr Allowance for doubtful accounts $2,500

Dr Cash $2,500

Cr Accounts receivable $2,500

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Cr Allowance for doubtful accounts $27,500

Explanation:

A1. To record the sale on account we will debit accounts receivable as our collectible to customer and credit sales in the amount of $180,000

A2. To record the collection, we will recognize the receipt of cash so we have to debit cash and credit accounts receivable to deduct the collectible balance in the amount of $125,000

A3. When the company receives returns from the customers, it will be charged to sales returns and allowances account so we have to debit it and credit accounts receivables in the amount of $20,000 to deduct collectibles to suppliers. Said, sales returns and allowances account is a contra account of sales. Thus, any amount recorded under it will be charged against (deduction) our sales.

A4. During the write off, we will debit allowance for doubtful accounts and credit accounts receivables to reduce its amount from the worthless receivables that is deemed to be uncollectible.

A5. Collection of previously written off receivables will resort to 2 entries. First, reversal of the original entry we made during the write off. So we debit Accounts receivable and credit allowance for doubtful accounts in the amount of $2,500. Next is to record the cash we received from the customer. So debit cash and credit accounts receivable in the same amount of $2,500.

B. To record the bad debt expense, we need to compute first the ending balance of the accounts receivable.

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Entry:

Dr bad debt expense $27,500

Cr allowance for doubtful accounts $27,500

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