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Reptile [31]
3 years ago
10

A well known bank stores enough money during the weekends to satisfy its customers needs. The expected average withdrawal during

the weekend is $550 with a standard deviation of $70. When they looked at a sample of the last 36 weekend transactions, they found the average withdrawal to be $600. At α=0.05, is there evidence that the mean withdrawal has increased during weekends? (Z0.05=1.645, Z0.025=1.96)
Business
1 answer:
Alexxx [7]3 years ago
3 0

Answer:

The mean withdraw has increased during weekend.

Explanation:

Assume that the withdraw amounts are normal distributed. To test whether the mean withdrawal has increased during weekends, we take a z-test. The z-test is possible because the observed sample (weekend transactions) is greater than 30.

The null hypothesis (H_{0}) is when the mean withdrawal is greater than 550. The alternative hypothesis (H_{A}) is when the mean withdrawal is equal to 550 or smaller. At an alpha of 0.05% is selected with a two-tailed test, , there is 0.025% of the samples in each tail, and the alpha has a critical value of 1.96 or -1.96. If the z-value is greater than 1.96 or less than -1.96, the null hypothesis is rejected.

z-value = (600-550) / 70 / 36^(1/2) = 0.1190

At α=0.05, the z-value < 1.96 and > -1.96, the null hypothesis is not rejected. Therefore, the mean withdraw has increased during weekend.

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An entity has decided to focus strictly on producing and selling one type of teddy bear. For the upcoming year, the entity hopes
Yuki888 [10]

Answer:

29,143

Explanation:

Profit target = 25% on sales

Fixed cost = $51,000

Variable cost = $9.50 per unit

Sales price per unit = $15

To achieve profit target, let the number of units sold be y

Total sales = 15y

Total variable cost = 9.5y

Profit = 0.25 × 15y

         = 3.75y

Sales - Cost = profit

15y - (51000 + 9.5y) = 3.75y

15y - 9.5y - 3.75y = 51000

1.75y = 51000

y = 51000/1.75

y = 29143

29,143 bears must be sold to meet the profit goal.

8 0
3 years ago
This​ year, FCF Inc. has earnings before interest and taxes of ​$10 comma 400 comma 000​, depreciation expenses of ​$1 comma 000
krek1111 [17]

Answer:

Free cash flow is $8,925,000

Explanation:

Free cash flow is the net cash cashflow available for the shareholders or for the reinvestment after paying all capital expenditure.

Free Cash flow

Earning Before Interest and Tax            $10,400,000

Add: Depreciation expenses                  $1,000,000

Less: Capital expenditures                      ​$1,900,000

Less: Increase in net working capital     <u>$575,000    </u>

Free cashflow                                           $8,925,000

8 0
3 years ago
Why does a stock dividend require a formal journal entry in the financial accounting records when a stock split does not?
adelina 88 [10]
<span>A stock split will not change the general ledger account balances and ... equity remains the same, astock dividend requires a journal entry to transfer an amount ...</span><span>
</span>
4 0
3 years ago
Since the seller often has utilized the property for a portion of the year in which the transaction is being made, certain costs
raketka [301]

Answer:

A) Broker commission

Explanation:

-Broker commission  is the amount of money that the broker charges for selling a property.

-Prepaid rent  is an amount of money paid in advance when you move into a new house.

-Property tax  are the taxes you have to pay when you have a real state.

-Mortgage interest in the interest you have to pay on a loan used to buy a property.

According to this, the answer is that all the items are subject to being prorated except broker comission because this is amount you have to pay to the broker for the job done and it is not a cost associated to the property and because of that it can't be prorated.

The other options are not right because those are costs that are associated to the property and because of that, they are prorated at the closing as the ownership is passed to someone else and that person would be responsible for the costs from that point.

5 0
3 years ago
A high credit score indicates that you are:
Alchen [17]
A smart man okay that is my answer thankyou
3 0
1 year ago
Read 2 more answers
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