Supply and demand coordinate to determine prices by working together. Supply refers to meeting the demand of something. When a business has a supply of something, they are meeting the demand of what the consumer wants to purchase. Demand is the amount of something and how badly consumers want to purchase something. The demand lets a business know how much to supply.
Answer:
What the heck is a cereal soup
Explanation:
Whatever it is it doesn't sound too apetizing.
A 99% confidence level means that 95% of the intervals would include the parameter.
<u>Explanation:</u>
In statistics, a confidence level is one of the types of estimate that has been calculated from the statistics of the observed data. This shows and calculates a range of the values which are possible for an unknown parameter.
The interval has an associated confidence level with it that the true parameter is in the proposed range of the values which are possible for an unknown parameter. A 99% confidence interval will be wider than a 95% confidence interval because to be more confident that the true population value falls within the interval we will need to allow more potential values within the interval.
Answer:
$1,500
Explanation:
Data provided:
operation's Beginning Inventory = $15,000
Purchases = $21,500
Ending Inventory for the period = $14,000
Total Cost of Sales = $21,000
Now,
The amount of this operation's Employee Meals in the period
= Beginning Inventory + Purchases - Ending Inventory - Total Cost of Sales
= $15,000 + $21,500 - $14,000 - $21,000
= $1,500
