The best time for a manager to practice a democratic leadership style is when the manager wants:

You are the operations manager for an airline and you are considering a higher fare level for passengers in aisle seats. how man

hram777 [196]

Recall that margin of error is given by:

$M=z_{\alpha/2}\sqrt{ \frac{p(1-p)}{n}} \\ \\ \Rightarrow\frac{M^2}{\left(z_{\alpha/2}\right)^2}= \frac{p(1-p)}{n} \\ \\ \Rightarrow n= \frac{\left(z_{\alpha/2}\right)^2p(1-p)}{M^2}$

Given that <span>you want to be 95% confident that the sample percentage is within 2.5 percentage points of the true population percentage.

This means that $z_{\alpha/2}=1.96$ and M = 2.5% = 0.025.

Part A:

When nothing is known about the percentage of persengers who prefer aisle seat, we make use of p = 50% = 0.5.

Thus,

$n=\frac{1.96^2\times0.5\times0.5}{(0.025)^2}= \frac{0.9604}{0.000625} =1,537$

Therefore, 1,537 </span><span>randomly selected air passengers must be surveyed to </span><span>be 95% confident that the sample percentage is within 2.5 percentage points of the true population percentage.

Part B:

Given that recent surveys surgest that about 38% of all air passengers</span> prefer an aisle seat, thus p = 38% = 0.38

<span>Thus,

$n=\frac{1.96^2\times0.38\times0.62}{(0.025)^2}= \frac{0.9051}{0.000625} =1,449$

Therefore, 1,449 </span>randomly selected air passengers must be surveyed to <span>be 95% confident that the sample percentage is within 2.5 percentage points of the true population percentage.</span>

6 0

3 years ago

The Food and Drug Administration and the Consumer Product Safety Commission are two examples of _[blank]_.

jasenka [17]

Consumer protection agencies

3 0

3 years ago

PROBLEM 8–31 Completing a Master Budget Hillyard Company, an office supplies specialty store, prepares its master budget on a qu

kompoz [17]

The main purpose of the sales budget is to achieve the financials objectives of the sales department.

<h3>What is a sales budget?</h3>

This refers to a financial plan that estimates a company's total revenue in a specific time period.

<h3>What is the Schedule of expected cash collections?</h3><h3> Hillyard Company</h3><h3> Sales Budget</h3><h3> For the Quarter ended march 31</h3><h3> Jan Feb Mar Quarter</h3>

Budgeted Sales $400,000 $600,000 $300,000 $1,300,000

Total Budgeted Sales $400,000 $600,000 $300,000 $1,300,000

Read more about sales budget

<em>brainly.com/question/27207594</em>

#SPJ1

6 0

2 years ago

What is the last step in planning your budget

Vlad1618 [11]

Set savings and debt payoff goals

8 0

3 years ago

Read 2 more answers

Torrid Romance Publishers has total receivables of $2,800, which represents 20 days’ sales. Total assets are $73,000. The firm’s

Marizza181 [45]

Answer:

ROA=4.13

Asset turnover ratio = 0.70 times

Explanation:

1.Computation for ROA

Using this formula

ROA=Net income/Total assets

First step is to find Day's sales in receivables before calculating for the sales amount

Day's sales in receivables = Numbers of days in a year/Total receivables days sales

Let plug in the formula

Day's sales in receivables = 365 / 20

Day's sales in receivables = 18.25times

Now let find the Sales amount using this formula

Sales= Day's sales in receivables× Total receivables

Let plug in the formula

Sales = 18.25 times × $2,800

Sales=$51,100

Second step is to find the Net income

Using this formula

Net income =Percentage of Operating margin× Sales amount

Let plug in the formula

Net income=5.9%×$51,100

Net income =$3,014.90

Now let find the ROA using this formula

ROA=Net income/Total assets

Let plug in the formula

ROA=$3,014.90/$73,000

ROA=0.0413×100

ROA=4.13%

Therefore ROA will be 4.13%

2. Computation for asset turnover ratio

First step is to calculate for the Receivables turnover

Using this formula

Day's sales in receivables = Numbers of days in a year/Total receivables days sales

Let plug in the formula

Day's sales in receivables = 365 / 20

Day's sales in receivables = 18.25times

Second step is to find the Sales amount using this formula

Sales= Day's sales in receivables× Total receivables

Sales = 18.25 times × $2,800

Sales=$51,100

Now let calculate for the Asset turnover ratio using this formula

Asset turnover ratio = Sales / Total assets

Let plug in the formula

Asset turnover ratio= $51,100 / $73,000

Asset turnover ratio= 0.70 times

Therefore asset turnover ratio will be 0.70 times

3 0

3 years ago