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S_A_V [24]
3 years ago
9

A teacher instituted a new reading program at school. after 10 weeks in the​ program, it was found that the mean reading speed o

f a random sample of 21 second grade students was 94.8 wpm. what might you conclude based on this​ result? select the correct choice below and fill in the answer boxes within your choice
Business
2 answers:
Bess [88]3 years ago
5 0

Answer:

0.0139

Explanation:

Given that:

The number of sample (n) = 21

The sample distribution has mean (μ) and a standard deviation of σ/√n

The z score is given as (x - mean)/ standard deviation

x = 94.8 wpm, let us assume that σ = 10 and μ = 90

Therefore: z = (x - μ) / (σ/√n) = (94.8 - 90) / (10/√21) = 2.2

To calculate the probability using Z table:

P(X>94.8) = P(Z>94.8) = 1 - P(Z<94.8) = 1 - 0.9861 = 0.0139

The probability is low that is less than 0.05, the program is more effective than the old one.

ira [324]3 years ago
3 0

Additional information:

This question is part of a much longer question, and this would be part D which refers to a new reading program. The difference with the old data collected is that before only 10 students were tested. Now the question asks why would there be a large variation in the sample mean, from 88 words per minute to 94.8 wpm.

The first data collected had a mean of 88 wpm and a standard deviation of 10 wpm.

Answer:

The program is effective since the probability of obtaining 94.8 wpm from a larger sample doesn't fall within the normal distribution and 95% confidence interval.

Explanation:

we are given the mean = 94.8

we must calculate z = (94.8 - 88) / (10 / √21) = 6 / 2.182 = 2.7495

now we find the probability that X is between the confidence interval using a normal distribution:

P(X > 94.8) = P(z > 2.7495) = 1 - P(z < 2.7495)*

= 1 - 0.997016 = 0.002984

Since the probability of z < 2.7495 at P <0.05 is very small (only 0.002984), then we can conclude that the new method was a success.

*I used a P-value calculator using z = 2.7495 and 5% significance.

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Harris Company had checks outstanding totaling $15,400 on its May bank reconciliation. In June, Harris Company issued checks tot
Stels [109]

Answer:

The amount of outstanding checks on Harris Company's June bank reconciliation should be $42700.

Explanation:

Outstanding amount of checks issued = Checks outstanding in beginning of June + Checks issued during the month of June - Checks cleared in June

= $15400  + $64900  - $37600

= $42700

Therefore, The amount of outstanding checks on Harris Company's June bank reconciliation should be $42700.

3 0
3 years ago
Suppose that you deposit $2,000 in your bank and the required reserve ratio is 10 percent. The maximum loan your bank can made a
LuckyWell [14K]

Answer:

the maximum loan could bank made as the direct result of the deposit is $1,800

Explanation:

The computation of the maximum loan could bank made as the direct result of the deposit is given below:

= Deposit amount × (1 - required reserve ratio)

= $2,000 × (1 - 0.10)

= $2,000 × 0.90

= $1,800

hence, the maximum loan could bank made as the direct result of the deposit is $1,800

7 0
3 years ago
Jean often accompanies her friends on shopping trips. While shopping, she cannot resist the temptation to buy products on sale a
djverab [1.8K]

Answer:

State orientation

Explanation:

The state orientation is the term which is defined as the inability of the person to regulate the behavior, emotions and thoughts. In short, it means that the individuals or the person unable to modify their state of mind, their uncertainty, dejection, anxiety and confusion.

Under this scenario, Jean who whenever accompany their friends on shopping, she could not able to resist herself from buying the products on sales and spend a lot more than budget, so, it could be concluded that she is state orientated.

7 0
3 years ago
Stock Y has a beta of 1.6 and an expected return of 16.6 percent. Stock Z has a beta of 0.8 and an expected return of 9.4 percen
USPshnik [31]

Answer:

Stock Y is undervalued and Stock Z is overvalued

Explanation:

The Required return on Stock Y = Risk free Rate + BetaY * Market Premium = 5.1% + 1.6%* 6.6% = 15.66%

Expected Return on Y = 16.6%

Here, the Expected return > Required return, the stock is undervalued

Reward to risk Ratio = (Expected return - Risk free rate) / Beta. For Y, Reward to risk = (0.166 - 0.051)/1.6 = 0.115/1.6 =  0.0719 = 7.19%

Required return on Stock Z = Risk free Rate + BetaZ * Market Premium = 5.1 + 0.8 * 6.6 = 10.38%

Expected Return on Z = 9.4%

Here, the Expected return < Required return, the stock is overvalued.

Reward to risk Ratio = (Expected return - Risk free rate) / Beta. For Z, Reward to risk = (0.094 - 0.051)/0.8 = 0.043/0.8=  0.0538 = 5.38%

<em>SML Reward to Risk = 0.066 = 6.6%</em>

Reward to Risk for Y > than SML Reward to Risk, then stock Y is undervalued.

Reward to RIsk for Z > than SML Reward to Risk, then stock Z is overvalued.

8 0
3 years ago
If the AD shortfall is $100 billion and the MPC is 0.8, Instructions: Enter your responses rounded to one decimal place. a. How
alina1380 [7]

Answer:

Multipier is 1/(1-.8) = 5

a. AD Shortfall/Multiplier = 100/5 = 20 billion

b. FS/MPC = 20/ .8 = 25 billion

c. 20 billion

8 0
4 years ago
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