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ZanzabumX [31]
3 years ago
11

Eric randomly surveyed 150 adults from a certain city and asked which team in a contest they were rooting​ for, either north hig

h school or south high school. from the results of his​ survey, eric obtained a​ 95% confidence interval of​ (0.52,0.68) for the proportion of all adults in the city rooting for north high. what proportion of the 150 adults in the survey said they were rooting for north high​ school?

Business
2 answers:
max2010maxim [7]3 years ago
6 0
Interval at 95% confidence = p+/- Z sqrt (p(1-p)/n)
Upper interval => 0.68=p+1.96 sqrt (p(1-p)/n)
Lower interval => 0.52=p-1.96 sqrt (p(1-p)/n)
Putting sqrt term to be "q"

0.68=p+1.96q
0.52=p-1.96q

Adding the two equations to solve for p (proportion of 150 adults rootng for North high school);
1.2 = 2p => p=0.6
Dovator [93]3 years ago
6 0

Answer:

0.60

Explanation:

Please see attachment

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H.T. Tan Company is preparing the annual financial statements dated December 31 of the current year. Ending inventory informatio
jeyben [28]

Answer:

H.T. Tan Company

Computation of the Ending Inventory, using lower of cost or net realizable value:

Item     Quantity   (FIFO cost)    Net Realizable Value     Valuation

A            50               $15                   $12                           $600 ($12 x 50)

B            80                30                     40                        $2,400 ($30 x 80)

C            10                48                     52                            $480 ($48 x 10)

D           70                25                     30                          $1,750 ($25 x 70)

E         350                10                        5                         $1,750 ($5 x 350)

Total   560                                                                     $6,980

Explanation:

Conservatism principle requires that in valuing inventory, an entity should choose a method that does not overstate the inventory value.  The LCNRV method meets this requirement.  The method takes the lower of the historical cost of the goods and the market price to determine the value of inventory.

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4 years ago
What does NBT stand for?<br>For Life Orientation<br>​
expeople1 [14]

Demystifying the NBTs | National Benchmark Test Project.

5 0
3 years ago
Which curve shows increasing opportunity cost as you give up more of one option?
VladimirAG [237]

Production Possibilities Curve (PPC) shows increasing opportunity costs as you give up one or more options. This curve is usually bow-shaped in the middle because as you produce more of one good, your capacity to produce the second good is diminished.

7 0
3 years ago
A theater group made appearances in two cities. The hotel charge before tax in the second city was $500 lower than in the first.
Naddika [18.5K]

Answer:

Hotel charge in city 1= $5,250

Hotel charge in city 2= $4,750

Explanation:

A theater group made an appearance in two cities.

Let x represent the amount charged in the first city

Let y represent the amount charged in the second city

The hotel charge before tax in the first city is $500 lower than the second city

y= x-500......equation 1

The tax in the first city is 8%

= 8/100

= 0.08

The tax in the second city is 8.5%

= 8.5/100

= 0.085

0.08x + 0.085y= 823.75.........equation 2

Substitute (x-500) for y in equation 2

0.08x + 0.085(x-500)= 823.75

0.08x + 0.085x - 42.5= 823.75

Collect the like terms

0.08x + 0.085x= 823.75+42.5

0.165x= 866.25

x= 866.25/0.165

x = 5,250

Substitute 5250 for x in equation 1

y= x-500

y= 5,250-500

y= 4,750

Hence the hotel charge in city 1 is $5,250 and the hotel charge in city 2 is $4,750

4 0
3 years ago
Looking forward to next year, if Digby’s current cash balance is $19,743 (000) and cash flows from operations next period are un
Westkost [7]

Answer:

The correct answer is B)

Explanation:

We know what he just spent a total of $340,000 on shares of stock, long-term debt and , dividends respectively. This means he is left with a cash balance of $16, 403, 000.

  • If he purchases an assets at a cost of $15,000,000 he ls left with a little above $1.4 Million in cash.
  • If the sells $5 Million of the company's assets, his cash balance goes up by that amount. No need for a loan.
  • If he liquidates the entire inventory, it only translates to more cash. So no  need for a loan.
  • However, if he settles $20 Million in debt, he is left with a deficit of $3,597,000 and must take up a loan immediately to stay afloat or be consumed by the weight of operating expenses.

Cheers!

7 0
3 years ago
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