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butalik [34]
3 years ago
6

You are working part-time at a road construction firm. your boss knows you are learning some statistics in your classes this sem

ester and calls you into the office. he says, "we've taken sample densities from loads of asphalt we've gotten from our supplier. the information from their company says their process produces a consistent density with a standard deviation of 2.65 pounds per cubic foot. here's the data we've collected. can you give me an estimate of the average density that our supplier's process is producing? i want to be 80% confident of the range you provide."
Business
1 answer:
____ [38]3 years ago
5 0
Missing data can found here https://www.dropbox.com/s/u5t2sjj7pglu7iw/CIData%20%281%29.txt?dl=0
The first step is to calculate the mean of the data provided.
\mu=\frac{a_1+a_2+a_3\cdots a_k}{k}
k is a number of points in our data set. 
The mean for our data set is \mu=145.80.
Now we need to find the range associated with confidence level required.
Z score associated with a confidence level of 80% percent is 1.28. 
We know that our range has to be z\cdot\delta in order for us to be 80% confident in our result. As the confidence level rises z score associated with it also rises. This makes sense because the broader your range is more confident you are that measurement will fall within that range.
The final answer would be:
\rho=\mu \pm z\delta=145.80 \pm 3.39



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MrMuchimi

Answer:A/R, IR, NR

Explanation: Journal entry to record Dishonored note are as follows

A/R- Debit your Account Receivable for the total of principle and interest owned.

IR - Credit the interest revenue account for the interest amount receivable.

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8 0
4 years ago
A business's budget estimates yearly sales of $735,650. if the business plans to spend 38%
r-ruslan [8.4K]

The amount that it should budget for total expenses is: $456,103.

<h3>Budgeted total expense</h3>

Using this formula

Total expenses=(Yearly sales×38%)+ (Yearly sales×24%)

Let plug in the formula

Total expenses=$279,547+$176,556

Total expenses=$456,103

Therefore the correct option is A.

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7 0
2 years ago
​​Lakeside, Inc. estimated manufacturing overhead costs for the year at $371,000​, based on 180,000 estimated direct labor hours
Anna71 [15]

Answer:

D.$400 over allocated

Explanation:

For computing the over-allocated or under-allocated amount, first, we have to determine the predetermined overhead rate which is shown below:

Predetermined overhead rate = (Total estimated manufacturing overhead) ÷ (estimated direct labor-hours)

= $371,000 ÷ 180,000 hours

= $2.06

Now we have to find the actual overhead which equals to

= Actual direct labor-hours × predetermined overhead rate

= 190,000 hours × $2.06

= $391,400

So, the ending overhead equals to

= Actual manufacturing overhead - actual overhead

= $391,000 - $391,400

= $400 over - applied

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3 years ago
A company is usually unable to take advantage of economies of scale during the __________ stage of the product life cycle.
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A shift in the number of vendors in a market affects the quantity offered at each price and, consequently, the supply. The supply curve moves to the right as the number of suppliers of an item or service rises.

<h3 /><h3>What is supply curve?</h3>

Supply curve is the correlation between the goods and services supplied in a particular quantity for a period of the time. Maximum the quantity supplied is in the horizontal axis and the price is on the vertical axis.

Thus, A shift in the number of vendors in a market affects the quantity

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6 0
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