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LuckyWell [14K]
3 years ago
10

1. A manager uses the following equation to predict monthly receipts: Y=450+10t time in weeks and y = receipts.) What is the for

ecast for July 14th if t=4 is the fourth week in January and t = 6 is February 14th of the same year (assume there are 4 weeks in each month)?
a. 690
b. 710
c. 730
d. 750
2. A major reason that decision making is often not such a rational process is that there are: Suppose we have H0:µ1= µ2 versus HA: µ1 ≠ µ2, with level of significance of α =.05 and critical values of zα/2 = ± 1.96, and the computed Test Statistics value of Z = -1.07. What is our decision?
Business
1 answer:
Degger [83]3 years ago
7 0

Answer:

1. 690

2. Do not reject the null hypothesis.

Explanation:

1. Month       t

At the end of Feb    6

March                       4

April                          4

May                           4

June                          2

14th of July               2

Total                         24

Therefore on 14th July, t = 24

Forecast: Y = 450+10t = 450 + 10*24 = 450+240 = 690

2. Options are <em>"a. Reject the null hypothesis. b. Do not reject the null hypothesis. c. Take a larger sample. d. Reserve judgment"</em>

In general, if test statistic is more extreme than the critical values at given level of significance then we reject the null hypothesis otherwise we do not reject the null hypothesis.

Here, test statistic for the given two tailed test is Z = -1.07 and critical value at level of significance α = 0.5 is ± 1.96 . Since -1.96<Z<1.96, we can say that we do not reject Null Hypothesis as the test statistic is not extreme than the critical value at given level of significance.

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Here are the 2015 revenues for the Wendover Group Practice Association for four different budgets (in thousands of dollars):
erastova [34]

Answer: The answer is provided below

Explanation:

a). The revenue here shows that

Wendover's patients were capitated. The is because the actual revenue figures were assumed to be $180, but it

later came to $300 which means that the revenue increased.

The reason is that a capitated patient provides fixed payment a year, while a fee for service client pays per usage. With this explanation, it can be concluded that majority of Wendover's patients are fee for service because the difference between static results and the actual results is very high.

) 1. Revenue variance

= Actual Revenues - Static budget

= $ 300 - $ 425

= - $125

2. Volume variance

= Flexible Revenue - Static Budget

= $ 200 - $ 425

= - $ 225

3. Price Variance

= Actual Revenues - Flexible Revenues

=$300 - $200

= $100

4. Enrollment variance

= Flexible Revenues - Static Budget

= $ 180 - $ 425

= - $ 245

5. Utilization variance

= Flexible Revenue- Flexible Budget

= $ 200 - $ 180

= $ 20

8 0
3 years ago
Read 2 more answers
How should you respond to this annoying snafu? a.Write a forceful direct e-mail berating Haley Wholesale for its mistake to try
fenix001 [56]
<h2>Write a direct e-mail to Mr. Kroll requesting that the company re-ship the blinds in white</h2>

Explanation:

The situation here is the expectation of the delivery is white blinds but they have delivered black blinds.

When an unexpected event occurs during the delivery of the product, it is always recommended to write an e-mail. E-mail is a written accepted document and it will reach directly to the right person and the problem is likely to get solved immediately.

There is no point in asking discount or sending back the black blinds. Mistakes might happen during the package and delivery and it should be handled with care so that we get the right product.and it will reach directly to the right person and the problem is likely to get solved immediately.

There is no point in asking discount or sending back the black blinds. Mistakes might happen during the package and delivery and it should be handled with care so that we get the right product.

7 0
3 years ago
Analysis of market share is a key to understanding the firm's:
Alik [6]

Analysis of market share is a key to understanding the firm's:

O a. competitive environment.

O b. demographic strengths.

O c. social and cultural environment.

O d. technological environment

answer is A

8 0
3 years ago
a realistic and cost-effective starting point for emergency services in low-income countries could be: a. major expansion of eme
vredina [299]
<h3>b) emergency transport</h3>

Emergency transport is used to get a patient to a hospital quickly. Medical transport involves moving someone who needs or wants medical care during the journey.

"Emergency care can make an important contribution to reducing avoidable death and disability in low- and middle-income countries. But emergency care needs to be planned well and supported at all levels--at the national, provincial and community levels"

The misconception that emergency transport cannot be cost effective in low-income settings is demonstrably inaccurate. "With better planning, the ongoing costs of emergency care can result in better outcomes and better cost-effectiveness. "

Hence the correct option is b) emergency transport

To learn more about emergency transport click below

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7 0
2 years ago
​Vasco's utility function​ is: Upper U equals 10 Upper X squared Upper ZU = 10X2Z The price of X is px​ = ​$55​, the price of Z
disa [49]

Answer:

Explanation:

U = 10 X²Z

Given

150 = 5X + 20Z

30 = X + 4Z

To maximise utility

differentiating partially wrt X

MU_x = dU/ dX = 20XZ

differentiating partially wrt Y

MU_y = dU/dY = 10X²

For optimal bundle

MU_x / MU_y = P_x / P_y

20XZ /  10X² = 5 / 20

2Z / X = 1/4

X = 8Z

30 = X + 4Z

30 = 8Z + 4Z

12Z = 30

Z = 2.5

X =  8 X 2.5

= 20

X = 20

Z = 2.5

6 0
4 years ago
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