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notsponge [240]
3 years ago
10

A consumer magazine has contacted a simple random sample of 58 owners of a certain model of automobile and asked each owner how

many defects had to be corrected within the first 2 months of ownership. The average number of defects was 4.9 with a sample standard deviation of 2.1 defects. Construct the 90% confidence interval for the population mean.
Business
1 answer:
Ksju [112]3 years ago
8 0

Answer:

(4.439 ; 5.361)

Explanation:

Given :

Confidence level = 90%

α = (1 - 0.9) / 2 = 0.05

Sample size (n) = 58

Degree of freedom (df) = n - 1 = 58 - 1 = 57

Mean number of defect (m) = 4.9

Standard deviation (s) = 2.1

m ± t0.05, 57 * (s /√n)

t0.05, 57 = 1.672029 (t value calculator)

4.9 ± 1.672 * (2.1 /√58)

4.9 ± 0.4610431

4.9 - 0.4610431 ; 4.9 + 0.4610431

(4.4389569 ; 5.3610431)

(4.439 ; 5.361)

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Mission Foods produces two flavors of tacos, chicken, and fish, with the following characteristics:
postnew [5]

Answer:

1. $858,000

2. Chicken = 24,000 units and Fish = 36,000 units

Explanation:

The computation is shown below:

1. The anticipated level of profits for the expected sales volumes is

= Expected sales of chicken × (Selling price per taco - Variable cost per taco) +  Expected sales of fish × (Selling price per taco - Variable cost per taco) - total fixed cost

= 200,000 × ($3 - $1.50) + 300,000 × ($4.50 - $2.25) - $117,000

= $300,000 + $675,000 - $117,000

= $858,000

2. The break even volume is

Let we assume the sale units be X

So, total units sold for chicken = 40X

And, for the fish it is = 60X

Sale units of chicken × (Selling price per taco - Variable cost per taco) + Sale units of chicken × (Selling price per taco - Variable cost per taco) = Total Fixed cost

0.40X × (3 – 1.50) + 0.60X × (4.50 – 2.25) = $117,000

0.60X + 1.35X = $117,000

1.95X = $117,000

So, the X is 60,000 units

So for chicken it is 60,000 × 40% = 24,000 units

And for fish it is 60,000 × 60% = 36,000 units

7 0
4 years ago
Jake Entertainment Corporation has three segments with revenue, operating income, and depreciation and amortization information
frosja888 [35]

Answer:

Video Games = 35%

Explanation:

As for the provided information, we have:

Operating Income given is exclusive of Depreciation and amortization as operating income do not include so:

Therefore:

EBITDA as percentage of Revenue shall be :

= \frac{Operating\ Income}{Total\ Revenue} \times 100

For each segment the calculation shall be:

Film = \frac{1,500}{5,000}\times 100 = 30%

Theme Park = \frac{320}{1,000} \times 100 = 32%

Video Game = \frac{175}{500} \times 100 = 35%

Since the highest percentage is that of video games, it is the most productive.

The options provided do not relate to this question.

8 0
3 years ago
Determine which of the following statements is correct regarding the relationship of ending inventory and beginning inventory.
antiseptic1488 [7]

The ending inventory of the previous period is the beginning inventory of the current period.

Beginning inventory is the amount of a product. A commercial enterprise has in stock at the start of an accounting length which includes a month or 12 months. due to the fact each accounting length connects to the subsequent, the beginning inventory of one length will be similar to the ending inventory of the previous.

Beginning inventory, or opening inventory, is your inventory cost at the beginning of an accounting duration. For that reason, finishing inventory, or last inventory is the cost of the stock at the top of an accounting duration.

Ending inventory is the value of goods nevertheless available for sale and held via a business enterprise at the end of an accounting length. The dollar amount of ending stock may be calculated by the usage of multiple valuation techniques.

Learn more about Beginning inventory here: brainly.com/question/24868116

#SPJ4

6 0
2 years ago
HELLPPPPPPPPPPP PLEAEE!!!!!!!!!
Pie

Answer:

c

Explanation:

relocation is the moving of people from one place to another

3 0
3 years ago
Read 2 more answers
Oceanside Marine Company manufactures special metallic materials and decorative fittings for luxury yachts that require highly s
VladimirAG [237]

Answer:

The direct materials cost variance is $8,700 (Unfavorable)

Explanation:

What is the direct materials cost variance?

Actual Standarded Cost

Given 7.500*12

98700 90.000

Direct material cost variance =98.700 - 9.000 =$8,700 Unfavorable

7 0
3 years ago
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