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3 years ago

What is an example of statistical reasoning?

Business

1 answer:

zubka84 [21]3 years ago

5 0

Answer/Explanation:

Statistics educators often talk about their desired learning goals for students, and invariably, refer to outcomes such as being statistically literate, thinking statistically, and using good statistical reasoning. Despite the frequent reference to these outcomes and terms, there have been no agreed upon definitions or distinctions. Therefore, the following definitions were proposed by Garfield (2005 and have been elaborated in Garfield and Ben-Zvi (2008).

Statistical literacy is regarded as a key ability expected of citizens in information-laden societies, and is often touted as an expected outcome of schooling and as a necessary component of adults’ numeracy and literacy. Statistical literacy involves understanding and using the basic language and tools of statistics: knowing what basic statistical terms mean, understanding the use of simple statistical symbols, and recognizing and being able to interpret different representations of data (Garfield 1999; Rumsey 2002; Snell 1999)

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The answer is equity.

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The issuer of a 5% common stock dividend to common stockholders should transfer from retained earnings to paid-in capital an amo

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Answer: A

Fair value of the shares issued.

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3 years ago

An increase in the real wage would result in a:________. a. shift of the labor demand curve, causing an increase in the number o

barxatty [35]

Option C

An increase in the real wage would result in a: movement along the labor demand curve, causing a decrease in the number of workers hired by the firm.

<u>Explanation:</u>

The wage rate is circumscribed by the crossing of supply and demand for labor. The demand curve depends on the marginal product of labor and the cost of the good labor originates.

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3 years ago

Nolte Co. has 4,800,000 shares of common stock outstanding on December 31, 2017. An additional 200,000 shares are issued on Apri

Artist 52 [7]

Answer:

3. 5,110,000 and 5,170,000

Explanation:

Number of shares to be used in computing basic earnings per share

= 4800000*12/12 + 200000*9/12 + 4800004/12

= 4800000 + 150000 + 160000

= 5,110,000

Number of shares to be used in computing dilute earnings per share

= 4800000*12/12 + 200000*9/12 + 4800004/12 + (6000000/1000)*40*3/12

= 4800000 + 150000 + 160000 + 60000

= 5,170,000

Therefore, The number of shares to be used in computing basic earnings per share and diluted earnings per share on December 31, 2018 is 5,110,000 and 5,170,000.

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3 years ago

An assembly line with 40 activities is balanced using 17 workstations and a finished product can be produced every 6.5 minutes.

asambeis [7]

Answer:

Maximum daily production rate= 6.125 units per day.

Minimum daily production rate= 75.38 units per day

Explanation:

Production rate is defined as the number of units of a product that is produced in a process in unit time.

In this instance we are to calculate the production rate per day.

It is given that a cycle consists of 40 activities. Completion time for 40 activities is 80 minutes.

Daily production rate = Total time of production/Time to complete one cycle

Maximum daily production rate= 490/80= 6.125 units per day.

Minimum daily production rate= 490/6.5= 75.38 units per day

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3 years ago