1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
The ______ argues that combining location specific assets or resource endowments and the firm's own unique assets often requires
bulgar [2K]

Answer:

The <u>eclectic paradigm</u> argues that combining location specific assets or resource endowments and the firm's own unique assets often requires FDI.

8 0
2 years ago
Modern economic growth has caused?.<br>​
Vinil7 [7]

Answer:

.increased capital

.increase in working population

6 0
3 years ago
In May of 2021, Raymond Financial Services became involved in a penalty dispute with the EPA. At December 31, 2021, the environm
Naily [24]

Answer:

$914,000

Explanation:

Based on the information given we were told that Raymond accepted an EPA which is fully known as Environmental Protection Agency settlement offer of the amount of $914,000 which means that the amount that Raymond should have reported as the ACCRUED LIABILITY on its December 31, 2021, balance sheet should have been EPA settlement offer of the amount of $914,000.

5 0
3 years ago
You never give your employees gifts, but one of your employees always gives you gifts for holidays, birthdays, and boss' day. is
Colt1911 [192]
Technically speaking, it won't be wrong for you to accept the gifts.

You never giving any of your employees gifts show that you gave no 'special favor' to specific employees. It's a matter of ethical belief and your personal action
But you can't control other people's ethical belief, just like you can't control other people action's
8 0
3 years ago
Read 2 more answers
You would like to use the fixed-order-interval inventory model to compute the desired order quantity for a company. You know tha
7nadin3 [17]

Answer:

c. 50

Explanation:

Fixed-order-interval inventory model also known as fixed reorder cycle inventory model is used to manage supply of raw material to a business based on demand of the product. Review of inventory is done by inventory analyst at fixed intervals and of inventory level is above a predetermined reorder level, nothing is done.

If however stock is at or below set reorder level raw material is purchased and is based on the formula- Maximum level - Current level.

In the scenario above we use the following formula

Standard deviation of demand over the review and lead-time period(SD)=Square root of { (Lead time+ Number of days between review)* (Standard deviation of daily demand)^2}

SD= √ {(10+15)*(10)^2}

SD= √ (25* 100)

SD= √2,500

SD= 50

8 0
3 years ago
Read 2 more answers
Other questions:
  • Dividing a fixed number of units among product categories to reflect relative preference is using a method called
    5·1 answer
  • Welfare analysis: Basic conceptsIdentify whether each of the following statements best illustrates the concept of consumer surpl
    9·1 answer
  • The threat of new competitors will enter your market is _________ when entry is easy and _________ when there are significant ba
    14·1 answer
  • If real gdp per capita grows at a rate of 5 percent per year consistently over time, how many years will it take for it to doubl
    5·1 answer
  • Á<br> Business models are classified under the rubric of business
    9·1 answer
  • Mo has a credit card that gives a 3% discount on every purchase. The annual percentage rate on the card is 12%. He is purchasing
    7·2 answers
  • Which of the following is an acceptable way of learning the skills necessary to
    10·2 answers
  • 1. What are some strategies that you can use to prepare to file taxes each year? What would
    7·1 answer
  • Which of the following are hybrid organizations that offer the same liability protection as a corporation but may be taxed as ei
    15·1 answer
  • To accomplish u. s. objectives, the national security strategy guides the coordination of the instruments of national power whic
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!