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oksano4ka [1.4K]
3 years ago
8

The amount of money collected by a snack bar at a large university has been recorded daily for the past five years. Records indi

cate that the mean daily amount collected is $4000 and the standard deviation is $450. The distribution is skewed to the right due to several high volume days (including football game days). Suppose that 100 days were randomly selected from the five years and the average amount collected from those days was recorded. Which of the following describes the sampling distribution of the sample mean?
A) skewed to the right with a mean of $4000 and a standard deviation of $450.
B) normally distributed with a mean of $4000 and a standard deviation of $450
C) normally distributed with a mean of $4000 and a standard deviation of $45
D) normally distributed with a mean of $400 and a standard deviation of $45
Business
1 answer:
disa [49]3 years ago
3 0

Answer:

A) skewed to the right with a mean of $4000 and a standard deviation of $450.

Explanation:

While the days are picked at random, the size of the sample is enough to represent the reality. Among the random pick those days of football game will be picked too and will skewed to the right the distribution

The distribution will not change into normal as the reality is that distribution of revenue is not normally distributed among the days of the year.

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According to surveys in the U.S. and the United Kingdom, what are the most frequently used financial performance measures by mul
I am Lyosha [343]

Answer:

Correct answer is (C)

Explanation:

Budgeted profit vs. actual profit, return on investment, profit

6 0
3 years ago
Sunland Company collected $22400 in May of 2016 for 4 months of service which would take place from October of 2016 through Febr
kati45 [8]

Answer:

There is something wrong with this question because October to February is not four months, it's five months.

We can calculate this assuming 3 months of 2016 (October, November, December) and 2 months of 2016 (November and December).

  • 3 months of 2016 = ($22,400 / 4 months) x 3 months = $16,800
  • 2 months of 2016 = ($22,400 / 4 months) x 2 months = $11,200

No option is correct.

6 0
3 years ago
Ssume that the mpc is 0.8 and the reserve requirement is 0.1. if the federal reserve needs to increase aggregate demand by $100
ANTONII [103]
0.7 that si probably it
3 0
2 years ago
A firm is considering purchasing two assets. Asset L will have a useful life of 15 years and cost​ $4 million; it will have inst
Andreyy89

Answer:

D. Asset S has $103,333 more in depreciation per year.

Explanation:

For computing the greater annual straight minus line ​depreciation first we have to determine the each assets depreciation expense which is shown below:

For Asset L

= (Original cost + installation cost - salvage value) ÷ (useful life)

= ($4,000,000 million + $750,000 - $0) ÷ (15 years)

= $316,666.67

For Asset S

= (Original cost + installation cost - salvage value) ÷ (useful life)

= ($2,000,000 million + $500,000 - $400,000) ÷ (5 years)

= $420,000

As we can see that the Asset S has high annual straight-line depreciation

And, the amount exceed is $103,333.33

6 0
3 years ago
Cruz trading's beginning and ending balance accounts receivable for the year were $30,000 and $200,000 respectively, while the c
yulyashka [42]
The answer is "$655,000".

Beginning balance = <span>$30,000
</span>Ending Balance = <span>$200,000 
</span><span>Credit sales = $825,000

</span><span>Cash collections from customers for the year = credit sales - (ending balance - beginning balance)

= </span>$825,000 - ($200,000 - $30,000)
= $825,000 - $170000
= $655,000

6 0
3 years ago
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