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S_A_V [24]
2 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]2 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]2 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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At​ year-end, Simple has cash of $ 22 comma 000​, current accounts receivable of $ 80 comma 000​, merchandise inventory of $ 24
oee [108]

Answer:

45.62 days

Explanation:

For computing the average number of days receivables, first, we have to calculate the account receivable ratio. The formula is shown below:

Account receivable ratio = Net credit sales ÷ Average accounts receivable

where,

Average account receivable = (Beginning account receivable balance + ending account receivable balance) ÷ 2

Now put these values to the above formula

So, the answer would be equal to

= $480,000 ÷ ($40,000 + $80,000 ÷ 2)

= $480,000 ÷ $60,000

= 8 times

Now, the average level of​ receivables equals to

= Total number of days in a year ÷ Account receivable ratio

= 365 days ÷ 8

= 45.62 days

5 0
2 years ago
Whispering Winds Corp. compiled the following financial information as of December 31, 2022: Service revenue $836000 Common stoc
lawyer [7]

Answer:

$580,000

Explanation:

The computation of the asset is shown below:

= Equipment + supplies + cash + account receivable

= $244,000 + $30,000 + $215,000 + $91,000

= $580,000

We simply added the four items so that the asset value could be determined

Hence, the asset is $580,000

5 0
3 years ago
1. What are reserves held by banks?
Paraphin [41]

Answer:

This is what I found!

Explanation:

Bank reserves are the cash minimums that must be kept on hand by financial institutions in order to meet central bank requirements. The bank cannot lend the money but must keep it in the vault, on-site or at the central bank, in order to meet any large and unexpected demand for withdrawals.

7 0
2 years ago
What is an example of print advertising? A. a web banner B. a radio commercial C. a t-shirt D. a poster
Fed [463]
D. a poster
Although 'A' could also be used as an example, it isn't exactly print advertising in its purest form.
7 0
3 years ago
Hubert works for MRK all year and earns a monthly salary of $ 11,900. There is no overtime pay. Brooke​'s income tax withholding
Rom4ik [11]

Answer:

monthly salary $11,900

income tax withholding 10%

United Way contribution 5%

health insurance $125

cumulative earnings until September 30 = $107,100

Brooke's net pay for October:

Gross pay $11,900

federal income tax withholding -$1,190

United Way contribution -$595

Social Security -$737.80

Medicare -$172.55

health insurance -$125

net pay = $9,079.65

October 31, 202x, wages and payroll taxes expense

Dr Wages expense

Dr FICA tax (OASDI) expense

Dr FICA tax (Medicare) expense

    Cr Federal income tax withholding payable 1,190

    Cr United Way contribution payable 595

    Cr FICA tax (OASDI) withholding payable 737.80

    Cr FICA tax (OASDI) payable 737.80

    Cr FICA tax (Medicare) withholding payable 172.55

    Cr FICA tax (Medicare) payable 172.55

    Cr Health insurance 125

    Cr Wages payable 9,079.65

No FUTA or SUTA tax expense because they only apply for the first $7,000 earned per year. Since we are not told if the employer also pays a % of the health insurance, then we cannot calculate it, nor any 401k contribution.

3 0
3 years ago
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