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sveticcg [70]
3 years ago
8

When a process is in control, it results in there being, on average, 16 defects per unit of output. c-chart limits of 4 and 28 w

ould lead to a ________ percent chance of a Type I error.
Business
1 answer:
denpristay [2]3 years ago
8 0

Answer:

Type 1= 0.3 %

Explanation:

This is a 3 sigma limit given by ( μ±3σ) . Chebyshev's inequality states that at least 89% of the observations fall in the three sigma limits ( μ±3σ) . The probability increases towards 99.7% as the distribution becomes normal.

Normal distribution= 99.7% observations fall within μ ± 3σ

Type 1 Error= (100- 99.7)%= 0.3%

Upper control limit = UCL= μ + 3σ

Lower control limit = LCL= μ - 3σ

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How many days will it take for $1500 to earn $16 interest if it is deposited in a bank paying simple interest at the rate of 4%/
JulsSmile [24]

Answer:

97 days

Explanation:

In simple interest method, the interest is calculated by the following formula

I= P x R x T

I= interest

P = principal amount

R =interest rate

T= Time

In this case

I=$16

P=$1500$

R= 4% or 0.04%

T= time

$16= $1500 x 0.04 x Time

$16 =60 x Time

Time = 16/60

time = 0.2666 year.

time in days =  0.26666 x 365 days

=97.333 days

=97 days

8 0
3 years ago
Select all that apply. Select the items that describe what happens at the equilibrium price. Producers supply the exact goods th
malfutka [58]
Answers are: 
<span>Producers supply the exact goods that consumers buy.
Consumers have enough goods, at the given price
</span><span>Producers use their resources efficiently

At the equilibrium price, the quantity bought= quantity sold. Consumers have enough goods at the given price, meaning that there isn't anyone who wants to buy the good at that price but can't, and producers use their resources efficiently.

The whole economy does not waste resources, since this is the market-efficient outcome, and there aren't many shortages or surpluses for the same reason. </span>
5 0
3 years ago
Batista Company management wants to maintain a minimum monthly cash balance of $19,900. At the beginning of April, the cash bala
9966 [12]

Answer:

the amount must be borrowed is $8,900

Explanation:

The computation of the amount must be borrowed is shown below:

Opening cash balance $19,900

Add: cash receipts $244,400

Less: cash disbursements -$253,300

Cash balance after disbursements $11,000

Minimum monthly cash balance $19,900

Amount to be borrowed $8,900

hence, the amount must be borrowed is $8,900

4 0
3 years ago
Perine, Inc., has balance sheet equity of $5.4 million. At the same time, the income statement shows net income of $783,000. The
S_A_V [24]

Answer:

The target stock price in one year is $149.93

Explanation:

Fly Away, Inc., has

Balance sheet equity of (E) = $ 5,400,000

Also, the income statement shows net income of (NI) = $783,000.

The company paid dividends of (D) = $438,480

Shares of stock outstanding (N) = 100,000

Benchmark PE ratio = 18

Question = what is the target stock price in one year?

We need the expected EPS at the end of next year and not this year.

EPS this year, E₀ = NI / N

                            = 783,000 / 100,000

                            = $ 7.83

Retention Ratio, "R" = 1 - Dividend payout ratio = 1 - D/NI

                                 = 1 - 438,480 / 783,000

                                 = 1 - 56.00%

                                 = 44.00%

Return on equity, ROE = NI / E

                                     = 783,000 / 5,400,000

                                     = 14.50%

Growth rate in earnings, g = R x ROE

                                         = 44.00% x 14.50%

                                         = 6.38%

Hence, expected EPS next year, E₁ = E₀ x (1 + g)

= $ 7.83 x (1 + 6.38%)

= $ 8.33

Hence, target price next year, P = Benchmark PE ratio x E₁

                                                     = 18 x $8.33

                                                     = $149.93

The target stock price in one year = $149.93

4 0
3 years ago
Select three aspects that must be considered when analyzing assets.
serious [3.7K]

Answer:

Explanation:

Living expenses

Income

Financial plan

3 0
2 years ago
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