when a person intentionally deceives another person or company for personal gain, this is referred to as

You are interested in purchasing a new car and have done some research. One of the many points you wish to consider is the resal

kari74 [83]

Answer:

The 99% confidence interval would be given by (12004.26;12995.74)

Explanation:

1) Previous concepts

A confidence interval is "a range of values that’s likely to include a population value with a certain degree of confidence. It is often expressed a % whereby a population means lies between an upper and lower interval".

The margin of error is the range of values below and above the sample statistic in a confidence interval.

Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".

$\bar X=12500$ represent the sample mean for the sample

$\mu$ population mean (variable of interest)

s=700 represent the sample standard deviation

n=17 represent the sample size

2) Confidence interval

The confidence interval for the mean is given by the following formula:

$\bar X \pm t_{\alpha/2}\frac{s}{\sqrt{n}}$ (1)

In order to calculate the critical value $t_{\alpha/2}$ we need to find first the degrees of freedom, given by:

$df=n-1=17-1=16$

Since the Confidence is 0.99 or 99%, the value of $\alpha=0.01$ and $\alpha/2 =0.005$ , and we can use excel, a calculator or a table to find the critical value. The excel command would be: "=-T.INV(0.005,16)".And we see that $t_{\alpha/2}=2.92$

Now we have everything in order to replace into formula (1):

$12500-2.92\frac{700}{\sqrt{17}}=12004.26$

$12500+2.92\frac{700}{\sqrt{17}}=12995.74$

So on this case the 99% confidence interval would be given by (12004.26;12995.74)

8 0

3 years ago

Steve Jobs was a demanding perfectionist when it came to his business. In fact, the case recounts instances where Jobs would hav

Step2247 [10]

Answer:

Steve job is the natural leader and gather with gigantic imagination and astounding thoughts regarding determining for future. He was a prepared trend-setter who reshaped whole ventures by his scholarly brain, good thoughts and peerless self control that comes for purchaser desire for present and future needs.

So "Business person" would surly fit for his character. Steve Jobs have a sort of character which satisfied with number of characteristics that accommodate him for imagination and imaginative.

Steve was acceptable in sharing his inclination and punish individuals ahead to take obligations. These are the characteristics of Extrovert individuals. This can be seen each time both in progress and disappointment, he never seize to quit talking about the conceivable outcomes.

Consequently the most fitting behavior is "Extroversion"

4 0

3 years ago

Read 2 more answers

Jack and Mary, a married couple, report taxable income of $280,000, which includes $200,000 from Jack's solely owned S corporati

Strike441 [17]

Answer:

$32,140

Explanation:

The QBI on $280,000(57.3% of Taxable income) $160,700

Eligible Deduction of 20% on QBI $32,140

4 0

3 years ago

On April 1, 9,000 shares of $7 par common stock were issued at $26, and on April 7, 5,000 shares of $70 par preferred stock were

Mariana [72]

Answer:

Apr 1

DR Cash $234,000

CR Common stock $63,000

CR Paid in capital in excess of par - Common Stock $171,000

<em>(To record issuance of common stock)</em>

Apr 7

DR Cash $540,000

CR Preferred stock $350,000

CR Paid in capital in excess of par - Preferred Stock $190,000

<em>(To record issuance of preferred stock)</em>

Explanation:

April 1

Cash

9,000 * 26 = $234,000

Common stock

9,000*7 = $63,000

April 7

Cash

5,000*108 = $540,000

Preferred stock

5,000*70 = $350,000

7 0

3 years ago

The ending inventory of finished goods for each quarter should equal 25% of the next quarter's budgeted sales in units. The fini

saveliy_v [14]

Answer:

Production for 2nd Quarter = 15,000 units

Explanation:

given data

ending inventory of finished goods = 25 %

finished goods inventory at year start = 4,000 units

so we consider here Quarter sales in unit

1 = 12,000

2 = 14,000

3 = 18,000

4 = 16,000

solution

we get here Production for 2nd Quarter that is

Production for 2nd Quarter = Quarter 2 sale + Desired Q2 ending inventory - Beginning Q2 inventory ...................1

so it will be as

Production for 2nd Quarter = Quarter 2 sale + (25% of Q3 Sale) - (25% of Q2 sale)

put here value

Production for 2nd Quarter = 14000 + (18000 × 25%) - (14000 × 25%)

Production for 2nd Quarter = 14000 + 4500 - 3500

Production for 2nd Quarter = 15,000 units

3 0

3 years ago