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Marina86 [1]
3 years ago
7

Suppose the data have a bell-shaped distribution with a mean of 25 and a standard deviation of 5. Use the empirical rule to dete

rmine the percentage of data within each of the following ranges.
(a) 15 to 35 approximately 68% approximately 95% almost all
(b) 10 to 40 approximately 68% approximately 95% almost all
(c) 20 to 30 approximately 68% approximately 95% almost all

Business
1 answer:
Zielflug [23.3K]3 years ago
3 0

Answer:

a) 15 to 35 approximately 95%

(b) 10 to 40 approximately almost all

(c) 20 to 30 approximately 68%

Explanation:

The data have a bell-shaped distribution which means the data is equally distributed on both sides of the mean.

We have the mean at 25 and a standard deviation of 5 which means that the interval is for each of the values of 5 .

The mean would be u and

The first value would be u ±σ = 25 ± 5= 20 and 30 (68 % )

The second value will be u ± 2σ= 25± 10 = 15 and 35 (95%)

The third value will be u ± 3σ= 25 ± 15 = 10 and 40 (99.7 % almost all)

In the figure below the light blue region gives u ±σ on both sides of the mean

, dark blue gives u ± 2σ values on both sides of the mean and grey gives

u ± 3 σ values on both sides of the mean.

It is obvious that 68 % of the data is contained in the u ±σ light blue region, 95 % of the data in the  u ± 2σ dark blue including light blue and 99.7 % in the u ± 3σ all colored regions.

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Flura [38]

Answer:

Etcetera Clothing collected $10,780

Explanation:

Etcetera Clothing  sells merchandise inventory on terms of 2/10, n/30, which means that it will give a cash discount to a customer of 2% when the payment is made within 10 days and the whole settlement of account must be made in 30 days.

If the customer paid for the merchandise 5 days after receiving the invoice, the customer was granted the cash discount since the payment is still within the discount period.

The amount of cash discount is $11,000 × 2% = $220

Payment made to Etcetera Clothing will be $11,000 - $220 = $10,780

6 0
3 years ago
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The mean annual wage of copywriters exceeds that of editors. <br><br> True<br> False
lara31 [8.8K]

Answer:

True

Explanation:

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master budget schedules blank . multiple select question. may be prepared in any order are based on estimates and assumptions an
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A master budget schedules answer several key questions for a company. Thus the correct option is last.

<h3 /><h3>What is Master Budget?</h3>

A master budget is created by combining all of the smaller business budgets into one budget in order to provide a comprehensive insight into the company's financial position.

All other departments' budgets are combined into the master budget to create a single budget. It may be said that the master budget schedules provide answers to a number of issues connected to the many departments within an organization.

Therefore, the last option is appropriate.

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5 0
1 year ago
6. When you find income elasticity of demand, you can determine whether the goods are normal or inferior based on whether your a
Rama09 [41]

Explanation:

Normal goods are the whose demand decreases with increase in price whereas in economics inferior goods are those whose demand decreases with increase in people's income.

Normal goods have a positive income elasticity of demand; as incomes rise, more goods are demanded at each price level.Inferior goods have a negative income elasticity of demand; as consumers' income rises, they buy fewer inferior goods.

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All of the following are key characteristics of a monopolistically competitive industry except A. a differentiated product. B. a
Maksim231197 [3]

Answer:

B. Homogenous product

Explanation:

Monopolistic competitive market is a market structure in which there are many sellers selling differentiated product.

Differentiated product are product that vary in taste or style. They are goods that can be substituted.

Monopolistic competitive firms gain some degree of market power by differentiating their products from those of other firms in the industry. Monopolistic competition firms achieve price control by selling a product that is in some​ way(s) different from close substitutes product.

Features of Monopolistic competitive firms

1. Existence of many sellers

2. Heterogeneous goods are sold

3. Existence of close substitute

4. Absence of barrier to entry of new firms and free exit to existing firms.

5. Existence of competitors.

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