Answer:
Error = 166.308459
Explanation:
Given that,
Standard deviation (SD) = $600
Sample (n) = 50 persons
Error(E) = ?
For a 95% confidence interval,
Z-value from the z-table is 1.959963985
= 166.308459
Therefore, the margin of error for a 95% confidence interval is 166.308459.
Answer:
420 x 12 = 5,040
Explanation:
Because the estimated benefit is greater than the cost, the college administrators should undertake the beautification initiative.
Answer:
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Explanation:
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Answer:
The effect on Morgantown's overall profit is $140,000 decrease in Morgantown's profits
Explanation:
In order to calculate the effect on Morgantown's overall profit we would have to make the following calculations:
Contribution margin per unit for Lock Division = Selling price – Variable costs = $40 - $22 = $18
Contribution lost by lock division if Cabinet division buys from outside = $18 * 10,000 = $180,000
Cost per unit saved by Cabinet division = $40 - $36 = $4
Total cost saved by cabinet division = $4 * 10,000 = $40,000
Net decrease in profit = Contribution lost – Cost saved = $180,000 - $40,000 = $140,000
Therefore, the effect on Morgantown's overall profit is $140,000 decrease in Morgantown's profits.
Answer:
The correct answer is: market testing.
Explanation:
A market test, also known as an experimentation technique, is a research technique that consists in trying to know directly the response of people to a product, service, idea, advertising, etc., in order to obtain certain information necessary for a investigation.
Generally, a market test is carried out before the launch of a new product, in order to evaluate its acceptance or reception, and thus reduce the risk of introducing the new product to the market and that it does not have sufficient demand.
When carrying out the market test, the acceptance, reception, printing, reaction or behavior of the public before the new product is known and, based on the results, to determine if the launch of the new product is feasible, if it is necessary to make some changes before its launch, or if the launch is definitely not feasible.