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goldfiish [28.3K]
3 years ago
11

According to a recent survey by American Banker, the average amount owed by a household in the United States is $71,500. The 99%

confidence interval for the average amount owed by all households in the United States is {$69,632; $73,368}. True or false? This confidence interval provides evidence that the average amount owed by all households in the United States exceeds $70,000. (Remember, if you say it is true, the average MUST exceed $70,000).
Business
1 answer:
Alla [95]3 years ago
5 0

Answer:

Lower bound is $3024

Upper bound is $3862

Mean(U) = $3443

Sample (n) = 100

Explanation:

9.63 According to USA TODAY research, the average personal debt (such as loans on cars, credit cards, and so forth) per household in the United States was $17,989 in 2004 (USA TODAY October 4, 2004). A recent random sample of 75 households from New Hampshire yielded a mean personal debt of $16,450 with a standard deviation of $4650. Using the 2% significance level, can you conclude that the current nean personal debt for all households in New Hampshire is different from $17,989? Use both the p-value approach and the critical-value approach.

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There are 20 automatic turning machines in the lathe department. Batches of parts are machined in the department. Each batch con
Semmy [17]

Answer:

The capacity of the lathe department is 3200 parts/week. The workers capacity is the bottleneck.

Explanation:

In this case we have to compare the machine capacity and the worker capacity, and detecting shich one is limitating the capacity of the department.

Machine capacity

The time it takes for a machine to process a batch is

Time_{batch}=T_{setup} + T_{machining}=5+(9/60)*100=5+15=20 h

In 40-hour week, every machine can process 2 batches/week.

With 20 machines, the capacity of the department is 2*20=40 batch/week (4000 pcs/week).

Workers capacity

With 40-hour week and 5-hours setup, every worker can make (40/5)=8 setups a week.

If the department has 4 workers, the amount of setups that can be done is 4*8=32 setups/week. That means that only 32 batches can be processed per week (3200 pcs/week).

The workers resource is the limitating capacity, and therefore the capacity of the lathe department.

5 0
2 years ago
Who are the internal and X ternal users of accounting information
dezoksy [38]

Answer and Explanation:

The internal and the external users or parties of accounting information are as follows

Internal users: These are the users who are belonged from the company i.e. shown below:

1. Owners

2. Managers

3.Employyes

External users: These are the persons who are outsiders such as

1. Suppliers

2. Customers

3. Tax authorities etc

3 0
3 years ago
Stellar Corporation engaged in the following cash transactions during 2017. Sale of land and building $194,800 Purchase of treas
Law Incorporation [45]

Answer:

The cash provided by investing activities is $91900

Explanation:

The net cash provided or (used) by investing activities is computed thus:

Sale of land and building                     $194800

Purchase of land                                    ($44700)

Purchase of equipment                          ($58200)

Net cash provided by investing activities $91900

The purchase of treasury refers to purchase of own shares from shareholders,hence it is a financing activity

Payment of dividends to shareholders is also a financing activity

Issuance of common stock and retirement of bonds are also financing activity-related,as a result they do not feature in the above computation of cash provided or used by investing activities

3 0
3 years ago
Tania starts a bookstore with her friend. However, owing to other commitments, Tania is unable to help with the daily operations
zheka24 [161]

Answer:

Tania is a "limited partner ".

Explanation:

  • A limited partner, commonly recognized as either a silent partner, seems to be an individual and therefore not just a week as a well-to-day corporate administrator. The responsibility of a limited partner could never increase the total spent by that department in the organization.
  • For example, this type of relationship seems to have at least a single special partner but each restricted partner.
7 0
3 years ago
A merger is a mutual agreement where a firm joins together with another firm, whereas an acquisition is when one firm purchases
lesya692 [45]
What is the question here?
7 0
2 years ago
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