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
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

You might be interested in
Type the correct answer in the box. Spell all words correctly.
Shalnov [3]

The marketing method used in the situation described is advertising.

<h3>What is marketing?</h3>

Marketing is a business term that refers to the set of actions of a company intended to intentionally stimulate the demand and purchase of goods and services.

One of the most popular marketing actions is advertising, in which advertisements are created to create a need for the buyer to purchase that good or service. Sometimes advertising includes a specialization, that is, it focuses on a specific audience.

In the case described, the company is using advertising so that people believe they need to buy the ticket and participate in the experience offered by it. Additionally, people will be more interested in this package because it includes different activities from other cruises.

Learn more about marketing in: brainly.com/question/10789897

3 0
2 years ago
If price is greater than average variable cost and less than average total cost at the profit-maximizing quantity of output in t
navik [9.2K]

Answer:

produce at an economic loss.

Explanation:

In a perfect competition, there are many buyers and sellers of homogeneous products, and there is free entry and exit in the market.

This simply means that, in a perfectly competitive market, there are many buyers and sellers (price takers) of homogeneous products (standardized products with substitute) and the market is free (practically open) to all individuals or business entities that are willing to trade all their goods and services.

In a perfectly competitive market in long-run equilibrium, a long-run equilibrium avails firms the opportunity to adjust all inputs and all fixed costs are maximized. Also, it's characterized by free entry and exit, as such there isn't a fixed number of firms. This simply means that, since the number of firms in a long-run equilibrium can change, a firm must exit the market as a result of losses i.e when the firm is unable to cover its fixed costs in the long-run while new firms are allowed entry into the market when it anticipates potential profits or gains.

However, the firms always strive to maximize profits by increasing their level of output, such that P = MC. Also, the firms wouldn't be willing to leave or enter into the market because they are not making any profit, such that P=AC.

In a nutshell, in the long run equilibrium P=MR=MC and P=AC.

Hence, if price is greater than average variable cost and less than average total cost at the profit-maximizing quantity of output in the short run, a perfectly competitive firm will produce at an economic loss.

Additionally, Average Total Cost (ATC) can be defined as the overall cost of production divided by total output of production. It is calculated by dividing total cost by total output of production or by adding TVC and TFC.

8 0
2 years ago
Xcel chpter 8 phil is shopping for an annuity that guarantees he cannot outlive the benefits. which of these benefit options wou
N76 [4]
The answer to this question is <span>Guaranteed lifetime withdrawal benefits
in the </span><span>Guaranteed lifetime withdrawal benefits the rider will be allowed to withdraw of invested amount without waiting for the benefir will be annuitized. This type of benefit options will be perfect for people who believe they wouldn't live long enough to see the benefit is fully annuitized. (in most cases, they have previous health concern)</span>
7 0
3 years ago
The master budget of Sheridan Company shows that the planned activity level for next year is expected to be 50000 machine hours.
barxatty [35]

Answer:

$1,350,000

Explanation:

Calculation to determine the total manufacturing overhead costs

First step is to calculate the Variable overhead

Variable overhead= $720,000 + $180,000 +$150,000

Variable overhead=$1,050,000

Second step is to calculate Unitary variable overhead

Unitary variable overhead= $1,050,000/50,000

Unitary variable overhead= 21

Now let calculate the total manufacturing overhead costs

For 60,000 units:

Total Manufacturing Overhead Costs = 21*60,000 + 90,000

Total Manufacturing Overhead Costs= $1,350,000

Therefore the total manufacturing overhead costs is $1,350,000

6 0
3 years ago
Messana Corporation reported the following data for the month of August: Inventories: Beginning Ending Raw materials $36,000 $24
Wittaler [7]

Answer:

$217,000

Explanation:

                           Begining   Purchases   Ending  

Raw Materials  $ 36,000 $ 69,000 $ 24.000

Work in Process  $ 23,000 $ 17,000         $ 6.000

Finished Goods  $ 37,000  $ 55,000 -$ 18.000

Direct Lab Costs  $ 94,000 $ 94,000

Manuf Overhead $ 54,000 $ 54,000

 Total  

Raw Materials  $ 81.000

Work in Process  $ 6.000

Finished Goods  -$ 18.000

Direct Labor Costs  $ 94.000

Manufacturing Overhead  $ 54.000

Costo of Goods Manufactured  $ 217.000

5 0
2 years ago
Other questions:
  • Sometimes reactions to prices in oligopolistic markets can result in _________, which occurs when two or more firms compete prim
    6·1 answer
  • The allowance for doubtful accounts, which appears as a deduction from accounts receivable on a balance sheet and which is based
    13·1 answer
  • You are a manager in a perfectly competitive market. the price in your market is $14. your total cost curve is c(q) = 10 + 4q +
    9·2 answers
  • All vehicles must yield the_______of way to avoid collision.
    5·2 answers
  • Sound Design sells its computer speakers for $115 per set Its variable cost is $75 per set ot speakers. Fixed costs are $80,000
    7·1 answer
  • Quake Inc., a software giant, outsources its customer relationship management amenity to Zeins Inc. The contract between the two
    5·1 answer
  • bartleby Clayborn Corporation's net cash provided by operating activities was $118,800; its net income was $106,100; its income
    13·1 answer
  • A company received a bill of $3,500 for utilities used in the current month. The journal entry to record this event: A. is not r
    5·1 answer
  • We have this project in my business class, we have to come up with a store/business. I choose a candy store but I can’t think of
    12·2 answers
  • Which of these pavement markings separates two lanes traveling in the same direction?
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!