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3 years ago

Which of these factors should consumers research FIRST when they receive a credit card offer with a low introductory rate?

1 answer:

8 0

Had to look for the options and here is my answer. Based on the listed factors, the one that consumers should research and take into consideration first upon receiving a credit card offer that has a low introductory rate is the APR after the expiration of the introductory period. Hope this helps.

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Golf-course designers have become concerned that old courses are becoming obsolete since new technology has given golfers the ab

goldfiish [28.3K]

Complete Question:

Golf-course designers have become concerned that old courses are becoming obsolete since new technology has given golfers the ability to hit the ball so far. designers, therefore, have proposed that new golf courses need to be built expecting that the average golfer can hit the ball more than 230 yards on average. suppose a random sample of 152 golfers be chosen so that their mean driving distance is 229.9 yards. the population standard deviation is 41.4. use a 5% significance level.

Calculate the followings for a hypothesis test where H0:μ = 230 and H1:μ < 230 :

(a) The test statistic is _____

(b) The P-Value is _____

The final conclusion is:

Answer:

t - statistic = -0.02977977

p value = 0.488753

There is no sufficient evidence to warrant rejection of the claim that the mean driving distance is equal to 230

Explanation:

Number of samples(n) = 152

Significance level = 5%

sample standard deviation(s) = 41.4

sample Mean (x) = 229.9

H0:μ = 230 and H1:μ < 230

A.) The test statistic can be calculated using the formula;

t = (x - μ) ÷ (s/sqrt(n))

t = (229.9 - 230) ÷ (41.4/sqrt(152))

t = -0.1 ÷ 3.3579834174

t-statistic = -0.02977977

Using the p value calculator on the t-statistic value at a significance level of 0.05;

The p-value is 0.488753

With the p value sufficiently greater than 0.05, There is no sufficient evidence to warrant rejection of the claim that the mean driving distance is equal to 230

7 0

4 years ago

On July 5, Harris Company purchased supplies from the hardware store for $600 on account. On July 10, Harris receives a bill fro

vekshin1

Answer:

Debit Accounts Payable 600, Credit Cash 600

Explanation:

as goods are purchased on credit initially it will be recorded on parable.

And when it will be paid the general entry will be:-

Account payable debit =600

cash credit = 600

Harris record the transaction on July 17

Debit Accounts Payable 600,

Credit Cash 600

3 0

4 years ago

Master Card and other credit card issuers must by law print the Annual Percentage Rate (APR) on their monthly statements. If the

Papessa [141]

Answer:

27.14%

Explanation:

EFF ( effective annual interest rate) = ( 1 + ( rate / number of periods)^n -1 = ( 1 + ( 0.2425 / 12)^12 -1 = 0.2714 = 27.14% where rate = 24.25% and number of periods = 12 months

6 0

4 years ago

Read 2 more answers

An increase in government purchases shifts the aggregate demand curve to the right by an amount equal to

LUCKY_DIMON [66]

<span>The shift will be equal to the increase in the amount multiplied by the spending multiplier. This multiplier is found by dividing (1 / marginal propensity to consume). The MPC is the value that shows how much of the new money injected into the economy will be spent by consumers and, thus, is the basis for the multiplier.</span>

4 0

3 years ago

ABC Corporation has total assets of 120 million, total liabilities of 80 million, Goodwill of 12 million, and 4 millions of shar

Mila [183]

Answer: $16

Explanation:

Implied share price = Book value per share * Price to tangible book value

Book value per share = (Assets - Liabilities) / Number of shares outstanding

= (120 - 80) / 4

= $10

Implied share price = 10 * 1.6

= $16

3 0

3 years ago