Answer:
Step-by-step explanation:
<u>Confidence Interval</u>
When the population standard deviation is known, the formula for a confidence interval for a population mean is:
Where n is the sample size and z is the corresponding z-value from the standard normal distribution for the selected confidence level. The value of z for a 95% confidence interval is z=1.96. The rest of the values are
Calculating the confidence interval
Or, equivalently
Answer:
Break-even point in units= 20,000
Step-by-step explanation:
Giving the following information:
Selling price per unit= $29.99
Unitary variable cost= $14.25
Fixed costs= $314,800
<u>To calculate the break-even point in units, we need to use the following formula:</u>
Break-even point in units= fixed costs/ contribution margin per unit
Break-even point in units= 314,800 / (29.99 - 14.25)
Break-even point in units= 20,000
Answer:
gimme points
Step-by-step explanation:
Answer:
The distance would be about 32 (31.62) feet.
Step-by-step explanation: