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Ratling [72]
3 years ago
11

The Federal Reserve can affect the money supply by

Business
1 answer:
vampirchik [111]3 years ago
7 0
C if not please comment back :))
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A university officer wants to know the proportion of registered students that spend more than 20 minutes to get to school. He se
vlada-n [284]

Answer:

1) We need a random sample. For this case we assume that the sample selected was obtained using the simple random sampling method.

2) We need to satisfy the following inequalities:

n\hat p =25*0.52= 13 \geq 10

n(1-\hat p) = 25*(1-0.52) =12 \geq 10

So then we satisfy this condition

3) 10% condition. For this case we assume that the random sample selected n represent less than 10% of the population size N . And for this case we can assume this condition.

So then since all the conditions are satisfied we can conclude that we can apply the normal approximation given by:

p \sim N (\hat p, \sqrt{\frac{\hat p (1-\hat p)}{n}})

So then the answer for this case would be:

a. Yes.

Explanation:

For this case we assume that the question is: If in the experiment described we can use the normal approximation for the proportion of interest.

For this case we have a sample of n =25

And we are interested in the proportion of registered students that spend more than 20 minutes to get to school.

X = 13 represent the number of students in the sample selected that have a time more than 20 min.

And then the estimated proportion of interest would be:

\hat p = \frac{X}{n}= \frac{13}{25}= 0.52

And we want to check if we can use the normal approximation given by:

p \sim N (\hat p, \sqrt{\frac{\hat p (1-\hat p)}{n}})

So in order to do this approximation we need to satisfy some conditions listed below:

1) We need a random sample. For this case we assume that the sample selected was obtained using the simple random sampling method.

2) We need to satisfy the following inequalities:

n\hat p =25*0.52= 13 \geq 10

n(1-\hat p) = 25*(1-0.52) =12 \geq 10

So then we satisfy this condition:

3) 10% condition. For this case we assume that the random sample selected n represent less than 10% of the population size N . And for this case we can assume this condition.

So then since all the conditions are satisfied we can conclude that we can apply the normal approximation given by:

p \sim N (\hat p, \sqrt{\frac{\hat p (1-\hat p)}{n}})

So then the answer for this case would be:

a. Yes.

3 0
3 years ago
Mapleview Inc. has the following budgeted sales:
Irina18 [472]

Answer:

Total cash= $265,000

Explanation:

Giving the following information:

Sales:

July $200,000

August $300,000

September $250,000.

40% of the sales are for cash, and 60 percent are on credit. For the credit sales, 50 percent are collected in the month of sale and 50 percent the next month.

We need to determine the cash collection for September:

Cash collection:

Sales in cash September= 250,000*0.4= 100,000

Sales on account September= (250,000*0.6)*0.5= 75,000

Sales on account August= (300,000*0.6)*.5= 90,000

Total cash= $265,000

7 0
3 years ago
How many years do you have to live in A house to break even on closing costs
WINSTONCH [101]

Answer:

About 5-7 years.

Explanation:

6 0
3 years ago
The Allowance for Bad Debts account has a debit balance of $ 7 comma 000 before the adjusting entry for bad debts expense. After
IgorC [24]

Answer:

$17,000

Explanation:

The amount of the Allowance for Bad Debts​ account after adjustment is shown below:

= Debit balance of Allowance for Bad Debts account + uncollectible accounts

= $7,000 + $10,000

= $17,000

The journal entry is also shown for better understanding

Bad debt expense A/c Dr  $17,000

  To Allowance for doubtful debts  $17,000

(Being bad debt expense is recorded)

7 0
3 years ago
1. Idea 1:
tiny-mole [99]

Answer:

Steps to Solving the Problems With Your Problem Solving

Step 1: Pin the Problem. Clearly define the issue at hand. ...

Step 2: Identify the Issues. Start breaking down the problem into subcomponents. ...

Step 3: Generate Hypotheses and Prioritize Proving Them. ...

Step 4: Conduct Your Analysis. ...

Step 5: Advance Your Answer

8 0
3 years ago
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