1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Salsk061 [2.6K]
2 years ago
7

The WPC Sports Company has noted that the size of individual "customer order" is normally distributed with a mean of $100 and st

andard deviation of $12. If a soccer team of 16 players were to make the next batch of orders, what would be the standard error of the mean?
Business
1 answer:
nikdorinn [45]2 years ago
7 0

Answer:

Standard error of the mean = 3

Explanation:

Given:

Mean Distribution = $100

Standard deviation = $12

Total number of player = 16 player

Standard error of the mean = ?

Computation of standard error of the mean:

Standard error of the mean = Standard deviation / √ Total number of player

Standard error of the mean = 12 / √16

Standard error of the mean = 12 / 4

Standard error of the mean = 3

You might be interested in
Which of the following condition will both consumers and sellers benefit?
victus00 [196]
Answer: Option C) When supply equals demand.

The most common supply curve decreases with price. The most common demand curve increases with price. The point at which supply and demand curves intercept each other is the equilibrium point. At that point (equilibrium), there are consumers who are paying less than what they are willing to pay (generating a consumer surplus) and there are producers who are selling at a price that is higher than what they are willing to receive (generating a producer surplus), then both consumer and producers benefit.
5 0
3 years ago
The Value of a Bond is tied to the Dividend rate.<br><br> True or false
PilotLPTM [1.2K]

<u>Answer:</u> False. The Value of a Bond is not related to the Dividend rate.

<u>Explanation:</u>

Bond rates are inversely related with the interest rates in the market and not dividend rates. Bonds yield interest for the investment and not dividends. Dividends are paid for shares. Dividend rates affects the share price and not Bond value in the market.

The interest rates of the Bonds can be fixed rates or fluctuating rates. It depends on the type of the security issued. As the interest rates are fluctuating then the risk for the investors increase.

7 0
3 years ago
Sasha has a master's degree in writing, and currently works full-time as a 2nd grade classroom helper. she submits articles for
Setler [38]
Based on the scenario above, Sasha describes herself as what she say is that she is underemployed, whereas the bureaus of labor statsitics will likely classify Sasha as being employed.

-Underemployed is defined as having a worker to be underused to a job by which the individual’s skill is not used.

<span>- </span>Employed – it is defined as having to provide work to an individual and being able to pay them for their work and efforts

6 0
3 years ago
In this simulation, theoretical utilization of the intensive care unit (ICU) is calculated as the flow rate of patients that arr
Dvinal [7]

Answer:

The theoretical utilization of the ICU is:

= 0.25 or 25%

Explanation:

Inter-arrival time or flow rate of patients that arrive for service at the ICU = 4 hours

Mean length of stay = 6 hours

ICU's capacity to serve customers in 6 hours = 4*6 = 24 bed-hours

Total demand = 6 hours

Therefore, the theoretical utilization = flow rate of patients that arrive for service at the ICU in a given unit of time divided by ICU's capacity to serve customers in that same unit of time

= 6 hours/24 bed-hours

= 0.25

4 0
3 years ago
You purchased a bond at a price of $1,700. In 20 years when the bond matures, the bond will be worth $10,000. It is exactly 13 y
Mars2501 [29]

Answer:

<u>Annual rate of return which will be earned from today is 5.89%</u>

Explanation:

FV = PV (1+r)^n

r is int Rate per anum abd n is balance period

10000 = 6700 ( 1 + r)^n

10000 = 6700 ( 1 + r)^7

( 1 + r)^7 = 10000 / 6700

= 1.4925

1+r = 1.4925^(1/7)

= 1.0589

r = 1.0589- 1

= 0.0589 i.e 5.89%

6 0
3 years ago
Other questions:
  • British metals is reviewing its current accounts to determine how a proposed project might affect the account balances. the firm
    5·1 answer
  • You and your best friend have decided to start a small coffee shop together while in college. Though you have been friends since
    12·1 answer
  • A government experienced significant loss of certain roadways and bridges as a result of major flooding. Which of the following
    7·1 answer
  • Andrew owns land (adjusted basis of $94,400) that he uses in his business. He exchanges the land and $47,200 in cash for a diffe
    8·1 answer
  • You find a certain stock that had returns of 13 percent, −20 percent, 21 percent, and 12 percent for four of the last five years
    7·2 answers
  • Both Phoebe and Connor are trying to maximize their lifetime income. Each has a different plan on how to do it best.
    7·2 answers
  • Outose Concept manufactures small tables in its Processing Department. Direct materials are added at the initiation of the produ
    6·1 answer
  • There is a principal balance of $84,902.13 on a mortgage. The interest rate is 7.75% per annum. The taxes and insurance total $1
    11·1 answer
  • The annual demand for a product has been projected at 2,000 units. This demand is assumed to be constant throughout the year. Th
    8·1 answer
  • _ is the actual amount each common stockholder would expect to receive if a​ firm's assets are sold for their market​ value, cre
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!