Answer:
Suppose Y is a random variable with mu Subscript Upper YμY = 0, and sigma Subscript Upper Y Superscript 2σ2Y = 1, skewness = 0, and kurtosis = 100.
n random variables drawn from this distribution might have some large outliers due to the reason that there might be some outliers because the kurtosis of the distribution equals 100..
Option A.
Explanation:
From the question, the rate of the description of the data given will not give rise to outliers in the random sample drawn from the population.
Therefore, there might be some outliers because the kurtosis of the distribution equals 100 - Option A.
Answer:
$12,240
Explanation:
For the computation of the amount of overhead first we need to find out the predetermined overhead rate which is shown below:-
Predetermined overhead rate = Overhead cost ÷ Machine hours
= $770,100 ÷ 1,510
= $510
Amount of overhead should be applied to Job 65A = Predetermined overhead rate × Machine hours during January
= $510 × 24
= $12,240
We simply applied the above formula
Answer:0.63; rises
Explanation:
As the price of good X rises from $1.50 to $1.75 the result is a decrease in the quantity demanded of good X from 650 units to 590 units. The price elasticity of demand for good X is _____0.63________ and total revenue _____rises_____ as the price of good X rises from $1.50 to $1.75.
Answer:
A). Average total cost will always exceed average variable cost.
C). Average fixed cost cannot increase with output, at any level of output
Explanation:
- In the short term, a company that increases its profits will increase production if the marginal cost is less than the marginal income.
- Reduction in production if marginal cost exceeds marginal income. Continue production when the average variable cost is less than the unit.
- so correct answer is A and C
Answer:
the amount of revenue recorded for the first year is $612
Explanation:
The computation of the amount of revenue recorded for the first year is shown below:
= Amount received × given months ÷ total number of months
= $2,448 × 9 months ÷ 36 months
= $612
The 9 months are considered from April 1 To December 31
hence, the amount of revenue recorded for the first year is $612
