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Zarrin [17]
3 years ago
12

Ersatz Beneficial Insurance wants to estimate the cost of damage to cars due to accidents. The standard deviation of the cost is

known to be $200. They want to estimate the mean cost using a 95 percent confidence interval within ±$10. What is the minimum sample size n? a. 1083 b. 4002 c. 1537 d. 2301
Business
1 answer:
nikklg [1K]3 years ago
8 0

Answer:

c. 1537

Explanation:

Please see attachment

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Answer:

Wholesaler is a company that earns money by buying large quantities of goods then selling in bulk to smaller businesses.

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4 0
3 years ago
Read 2 more answers
If the cross-price elasticity of two goods is negative, then the two goods are a. inferior goods. b. normal goods. c. complement
Solnce55 [7]

Option C. If the cross-price elasticity of two goods is negative, then the two goods are <u>complements.</u>

<u></u>

<u></u>

<u></u>

What is Cross-Price Elasticity?

  • Cross-price elasticity measures how sensitive the demand of a product is over a shift of a corresponding product price.
  • Often, in the market, some goods can relate to one another.
  • This may mean a product’s price increase or decrease can positively or negatively affect the other product’s demand.
  • A price increase of a complementary product will lead to lower demand or negative cross-price elasticity, and a price increase in a substitute product will lead to increased demand or a positive cross-price elasticity.
  • Unrelated products have zero cross-price elasticity.
  • For substitute products, an increase in the price of a substitute product increases the demand for the competing product.
  • This is often because consumers always try to maximize utility.
  • The less they spend on something, the higher the perceived satisfaction.

To know more about cross- price elasticity , refer:

brainly.com/question/15308590

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4 0
2 years ago
What do you think are some of the risks and challenges associated with performing so many hypothesis tests? what would you do to
Aloiza [94]

The risks and challenges associated with performing so many hypothesis tests nearly all null hypotheses are false on a priori grounds.

A hypothesis is a supposition, an idea put forward for the purpose of discussion, that can be tested to see if it is true. Hypotheses are formed before the is implemented.

Hypotheses are usually written as if/then statements. B. If someone eats a lot of sugar, they will get cavities in their teeth. These statements identify a particular variable (in this case, eating a lot of sugar) and imply an outcome (in this case, the tooth develops cavities).

Hypotheses are used to define the relationship between two variables in an experiment. The purpose of a hypothesis is to find an answer to a question. Formalized hypotheses make us think about what kind of results we should be looking for in our experiments. The first variable is called the independent variable.

Learn more about Hypotheses brainly.com/question/11555274

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6 0
2 years ago
During 2021, Terps Company issued 800,000 coupons which entitles the customer to a $5.00 cash refund when the coupon is submitte
11Alexandr11 [23.1K]

Answer:

$1,050,000

Explanation:

Calculation to determine what the company should report as a liability for unredeemed coupons

Liability for unredeemed coupons =($800,000 x 0.70 ) - $350,000 ) x $5.00

Liability for unredeemed coupons=($560,000-$350,000)×$5.00

Liability for unredeemed coupons=$210,000x $5.00

Liability for unredeemed coupons=$1,050,000

Therefore At December 31, 2021, the company should report a liability for unredeemed coupons of:$1,050,000

5 0
3 years ago
What is the 2016 repayment limitation for a single taxpayer who has income at a 350% poverty level?
Mademuasel [1]
For taxpayers with household income below 400% of the FPL there is a table of repayment limitation.
For at least 300% but not less than 400% ( for example: 350% ) it is $1,250.
Answer: $1,250.
7 0
3 years ago
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