Answer:
Option D. We are 95% confident that the mean amount spent on electric service among the 160 households is between $151 and $216.
Explanation:
A confidence interval is a range of values, derived from the sample statistics, which may include the value of an unknown population parameter.
A 95% confidence interval indicates that between 152 of 160 samples (95%) of the same population will produce confidence intervals that will contain the population parameter.
It also means that we have a 95% confidence that the average (average amount) is among the resulting amounts obtained.
Logically, option "D" is missing the final part. This would be: D. We are 95% confident that the mean amount spent on electric service among the 160 households is between $ 15.
This is the only true option, since the test is based on a sample of only 160 households, the entire population of households cannot be included.
Hence, the correct option is:
Option D. We are 95% confident that the mean amount spent on electric service among the 160 households is between $151 and $216.
Answer:
scheduling technique
Explanation:
Project Evaluation Review Technique and Critical Path
Method (CPM) are scheduling techniques used to plan, schedule,
budget and control the many activities associated with projects.
Projects are usually very large, complex, custom products that
consist of many interrelated activities to be performed either
concurrently or sequentially.
Answer:
Total Assets=$13,500
Explanation:
Assets are items which are used by any company or firm for positive economic value production.
In our problem, we have to find total assets.
Given Data:
Accounts Receivable=$800
Equipment=$10,000
Accounts Payable=$4,200
Prepaid Rent=$2,000
Supplies=$400
Bank Loan=$1,600
Tools= $300
Total Assets=Accounts Receivable+Equipment+Prepaid Rent+Supplies+ Tools
Total Assets=$800+$10,000+$2,000+$400+$300
Total Assets=$13,500
Answer:
True
Explanation:
Many times management does not know a lot about information technology (IT) and that is not something necessarily bad because none can know all about everything. The problem is when someone doesn't know about something else but he/she is not willing to learn about that issue or is not willing to ask other people who know to teach them.
Many CEOs and board members are very successful and powerful people, and they do not like to admit the fact that they might need help to deal with some issues. IT is constantly changing and even if they knew about it 10 or 20 years ago, that knowledge is no good anymore.
The largest advances in IT have occurred in communications, our world is smaller every day. But communication by itself is only a tool, and a tool is only as good as the person that handles it. In order for a company to work properly, good communication must exist between all their units.
Answer:
3.83 years
Explanation:
The payback period measures how long it takes for the amount invested in a project to be recovered from the cumulative cash flows.
It is a capital budgeting technique that doesn't account for the time value of money.
Payback period = Cost of asset / cash flows
$92,000/ $24,000 = 3.83 years
I hope my answer helps you
