1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Alika [10]
3 years ago
13

Suppose that a sample of 200 accounts receivable entries at a large mail-order firm had a mean price of $846.20 and a standard d

eviation of $1,840.80. Give a 95% confidence interval for the population mean. Be sure to state any assumptions that you use______________
Business
1 answer:
Ann [662]3 years ago
8 0

Answer:

[ $591.08, $1101.32 ]

Explanation:

Given:

Sample space = 200

Mean price = $846.20

Standard deviation, σ = $1,840.80

Confidence level = 95%

Now,

Confidence interval is given as:

⇒ Mean ± z\frac{\sigma}{\sqrt{n}}

here, z value for 95% is 1.96 from the standard z table

Thus,

Confidence interval

⇒ $846.20 ± 1.96\times\frac{\$1,840.80}{\sqrt{200}}

or

⇒ $846.20 ± 1.96\times\frac{\$1,840.80}{\sqrt{200}}

or

⇒ $846.20 ± 255.12

or

⇒ [ $846.20 - 255.12, $846.20 + 255.12 ]

or

⇒  [ $846.20 - 255.12, $846.20 + 255.12 ]

or

⇒ [ $591.08, $1101.32 ]

You might be interested in
Fiat money has :
lys-0071 [83]

Answer: Option (B)

Explanation:

Fiat money is referred to as the currency which tends to have no intrinsic value and thus has been further entrenched as money. This process is often carried out by the federal government. This particular type of money does not tend to have the use of value, and only has the value since the authority i.e. the government tends to maintains its value.

3 0
3 years ago
Record the consumption of supplies durning the month is supplies worth $4000 were purchased on January 5 and at the end of the m
Marat540 [252]

Answer: that means you got 3/4 worth of supplies that were purchased.

Explanation:

So the way you did this problem is so weird and is not understandable

4 0
3 years ago
What is the historical development of accounting​
Vaselesa [24]

Answer:

Accounting history dates back to ancient civilizations in Mesopotamia, Egypt, and Babylon. For example, during the Roman Empire the government had detailed records of their finances. However, modern accounting as a profession has only been around since the early 19th century. The earliest accounting records were found over 7,000 years ago among the ruins of Ancient Mesopotamia. At the time, people relied on accounting to keep a record of crop and herd growth.

Explanation:

4 0
3 years ago
Lerner Co. had 200000 shares of common stock, 20000 shares of convertible preferred stock, and $600000 of 10% convertible bonds
mestny [16]

Answer:

Basic EPS=$1.08                

Explanation:

Basic EPS= Net income after tax-preferred shares' dividend/Weighted average of outstanding shares

Net income after tax=$360,000*.7=$252,000

Dividend to preference shareholders=20,000*1.8=$36,000

Weighted average shares outstanding=200,000

Basic EPS=($252,000-$36,000)/200,000

Basic EPS=$1.08

7 0
3 years ago
Read 2 more answers
The local classic car auction raised $12,000 for local charities, the mayor is designating the funds to the children’s hospital.
Nataly [62]
<span>The error is called a comma split. That is because the two clauses are connected with a comma without a conjunction and this is ungrammatical. You should either turn them into two sentences, or add a conjunction, or turn the comma into a semi-colon. This way you would correct the error.</span>
4 0
3 years ago
Read 2 more answers
Other questions:
  • He [the producer] intends only his gain, and he is in this, as in many other cases, led by an invisible hand to promote an end w
    11·1 answer
  • Standards are set by a.manufacturing engineers. b.accountants. c.other management personnel. d.All of these choices are correct
    7·1 answer
  • If the maximum operating capacity of the Gobblecakes bakery is 12,000 cupcakes annu- ally, determine the break-even volume as a
    15·1 answer
  • The costs of lead contamination have been estimated to be $1 billion for medical care of those sickened by lead, plumbing repair
    15·1 answer
  • When looking at a firm's behavior, you know it is engaging in price discrimination when it:__________
    11·1 answer
  • When an accused person is allowed to present their case is
    7·1 answer
  • A company's ____________ is the percentage of the total target market for the product that belongs to the company.
    14·2 answers
  • The cost of the business process is the sum of the cost of the inputs and the ________.
    9·1 answer
  • If a person has ATM fees each month of $16 for 7 years, what would be the total cost of those banking fees
    12·1 answer
  • 8. Problems and Applications Q8
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!