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puteri [66]
3 years ago
9

A random sample of 900 individuals has been selected from a large population. It was found that 180 are regular users of vitamin

s. Thus, the proportion of the regular users of vitamins in the population is estimated to be 0.20. The standard error of this estimate is approximately: a) 0.1600 b) 0.0002 c) 0.4000 d) 0.0133 e) 0.0267 E A traffic consultant wants to estimate the proportion of cars on a certain street that have more than two occupants. She stands at the side of the road for two hours on a weekday afternoon and flips a coin each time a car approaches. If the coin comes up heads, she counts the number of occupants in the car. After two hours, she has counted 103 cars, 15 of which had more than two occupants. Which condition for constructing a confidence interval for a proportion has she failed to satisfy
Business
1 answer:
vlabodo [156]3 years ago
3 0

Answer:

Question 1: The most correct option is option D, which is 0.0133

Question 2: Her data is a random sample from the population of interest.

Explanation: For the first question;

Standard error I the error in the standard deviation. To calculate standard error the formula is used.

S.E = Sd/√n

S.E = standard error

Sd= standard deviation = 0.2

n = number of occurrence = 180

The proportion of the regular users of vitamin among the 180 people is the standard deviation between them.

Using equation above.

S.E = 0.20 ÷ √180 =

0.20 ÷ 13.42 = 0.0149

S.E is 0.0149, when compared to the options, the most correct option is 0.0133, because the question states the answer to be approximately to which of the option.

QUESTION2:

Her research will have much error, because she chooses the car to count. Therefore the research procedure has not satisfied the process that will produce an accurate result. Since she has choosed the street to be her population of interest, all the cars in the street should be counted.

This is not a randomized controlled research, so selection of cars to count is not necessary.

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Clark Company's master budget reflects budgeted sales information for the month of June, 2019, as follows: Budgeted Quantity Bud
lesya [120]

Answer:

Total sales variance    $87,340   Favorable

See report below

Explanation:

The sales budget for the month of June would like as follows:

Budgeted Sales

Product                 units        Price     Total($)

A                        40,000       $7          280,000

B                         39,000    $9            351,000

Actual sales

Product                 units        Price     Total($)

A                        39,000       $7.10         276,900

B                        49,600       $8.90         441440

Sales Budget Report for the month of June 2019

                                Budget           Actual           Variance ($)

A                        280,000                  276,900         3,100      Unfavorable

B                        351,000                   441,440            <u>90,440  </u>favorable

   Total sales variance                                          <u>  87,340   Favorable</u>

5 0
3 years ago
Available"" (as in ""measurable and available"") means 1. Available to finance expenditures of the current period 2. Subject to
MAVERICK [17]

Answer:

1. Available to finance expenditure of the current period

Explanation:

Government Accounting is concerned with propriety i.e judicious use of resources and allocation of government funds so as to ensure efficient performance of government entities.

Efficiency refers to input/output ratio whereas effectiveness refers to achievement of government programs.

Government requires funds for allocation to various projects which require sanctioning by an authority.

In the same context, the concept of "available" refers to the availability of funds to meet the current period expenditure and liabilities.

4 0
3 years ago
If a hotel wishes to determine where to spend resources on renovations - on interior decor or on curb appeal or on recreational
creativ13 [48]

Answer:

The correct answer is True.

Explanation:

The term Business Intelligence (BI) refers to technologies, applications and practices for the collection, integration, analysis and presentation of commercial information. The objective of Business Intelligence is to support better business decision making.

The automatic aspect of Business Intelligence should not go unnoticed. Daily information monitoring allows you to evaluate performance, monitor inventory and track expenses in real time.

Planning strategies without a thorough data analysis is like aiming in the dark. Business intelligence lights the way to make the best decisions in the management of your hotel.

The usefulness of technology to take data from the environment for strategic knowledge is evident as soon as it is launched. By extracting essential data from the environment and presenting it on dashboards, business intelligence allows managers and managers to make informed strategic decisions.

------

NOTE: If you need to extend the explanation given, you can make a comment or add a new question. I will be very pleased to help you.

4 0
3 years ago
With the recent surge in the showing of commercials to movie theater audiences, many companies have found it to be an innovative
inysia [295]

Answer:

Self selection.

Explanation:

Marketing can be defined as the process of developing promotional techniques and sales strategies by a firm, so as to enhance the availability of goods and services to meet the needs of the end users or consumers through advertising and market research. Thus, it comprises of all the activities such as, identifying, anticipating set of medium and processes for creating, promoting, delivering, and exchanging goods and services that has value for customers. It typically, involves understanding customer needs, building and maintaining healthy relationships with them in order to scale up your business.

Advertisement refers to the promotional multimedia messages designed and developed to make the products or services of a company known to its customers and potential customers.

In this scenario, advertising relies on self selection.

5 0
3 years ago
On June 1, Norma Company signed a 12-month lease for warehouse space. The lease requires monthly rent of $550, with 4 months pai
Sati [7]

Answer:

Balance = $1,650

Explanation:

As Norma company has paid 4 months rent in advance, therefore at the end of June, norma company will record its 1-month expense as follows

Adjusting entry at the end of June would be

                             DEBIT       CREDIT

Entry

Rent Expense     $550

Prepaid Rent                         $550

The balance on Norma's prepaid expense would be

Prepaid Rent  = $2200

Rent Expense = ($550)

Balance = $1,650

7 0
3 years ago
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