The following production data were taken from the records of the Finishing Department for June:

One advantage of random assignment is that it minimizes preexisting differences between the experimental group and the control g

prohojiy [21]

I think this is a true or false question
The above statement is true.
As we can see that there are always some sort of affinity among people some have highly positive towards some and negative towards others so they will try to group up with the ones they like but this would always lead to dissatisfaction of some people in group as they will feel unfair as they are not in group they wanted but in random assignment no one has control so even if they are unsatisfied they cant blame it on others. So there are lesser differences

7 0

3 years ago

The price of cigars is $10, with a quantity demanded of 1,000 per day. If the price increases to $12, the quantity demanded decl

saveliy_v [14]

Answer:

PED = - 1

Explanation:

The PED or price elasticity of demand measures the sensitivity of quantity demanded to changes in price level. It is calculated by taking the percentage change in quantity demanded, which results from a change in price level, and dividing it by the percentage change in price level.

PED = percentage change in Quantity demanded / Percentage change in price

PED = [(800 - 1000) / 1000] / [(12 - 10) / 10]

PED = - 1

8 0

3 years ago

The short-run aggregate supply curve will decrease if:

finlep [7]

Answer: A. the aggregate price level falls. commodity prices rise.

Explanation: In short-run, the aggregate supply is usually a graph pointing upward and with a sloping curve. The short-run aggregate supply curve usually points upward sloping because it indicates quantity supplied which increases when the price rises. In the short-run, organisations usually have only one fixed factor of production which is capital.

8 0

3 years ago

Monmouth Inc.'s stock has a 30% chance of producing a 20% return, a 30% chance of producing a 10% return, and a 40% chance of pr

otez555 [7]

Answer:

Expected rate of return is 13%

Explanation:

Using the expected values method:

Expected Rate of return = Chance 1 * Outcome 1 + Chance 2 * Outcome 2 + Chance 3 * Outcome 3 + ................... Chance n * Outcome n

So by putting values, we have:

Expected Rate of return = 30% * 20% + 30% * 10% + 40% * 10%

Expected Rate of return = 6% + 3% + 4% = 13%

So the expected rate of return using the expected value method is 13%

3 0

3 years ago

Read 2 more answers

In its first year of business, Borden Corporation had sales of $2,040,000 and cost of goods sold of $1,220,000. Borden expects r

nordsb [41]

The entries are as follows

To record estimated returns on Sales

Debit: Sales Refund Payable Account $142,800

Credit: Accounts Receivables $142,800

To record estimated Cost of Sales returns

Debit: Inventory Returns Estimated Account $85,400

Credit: Inventory on Sales on Returns $85,400

Explanation:

To derive the figure for Sales Refund payable for the year

7% of $2,040,000

=7/100*2040000= $142,800

To derive the figure for Inventory cost on Sales Refund payable for the year

7% of $1,220,000

=7/100*1220000

= $85400

6 0

4 years ago