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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

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is there an image that shows the amount of $

Explanation:

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3 years ago
The Human Resources department of Superior Catering conducted a training workshop on setting and achieving organization goals. D
Harman [31]

Answer:

The goals are not time-bound, there is no specific date as to when they should be achieved.

Explanation:

SMART goals should be:

  • Specific
  • Measurable  
  • Achievable
  • Relevant
  • Time-Bound: how long will it take DeJohn and his managers to accomplish their goals, e.g. six months, one year?

7 0
2 years ago
Asset turnover _____. A. is another term for inventory turnover B. is calculated from information found on a firm's income state
barxatty [35]

Answer: The correct answer is "C. reveals how profitable a company is".

Explanation: Asset turnover reveals how profitable a company is because it compares how well a company manages its assets to generate more income and accumulate more and more capital.

7 0
3 years ago
The direct materials price variance is calculated asA) the difference in Actual Quantities (AQ) multiplied by the Actual Price (
Pachacha [2.7K]

Answer:

C) the difference in prices of the Actual Quantity Purchased (AQP) and the Actual Price (AP) multiplied by the Actual Quantity Purchased (AQP) and the Standard Price (SP) of the input purchased.

Explanation:

Direct Material Price Variance = (Actual Price - Standard Price) \times Actual Quantity

Opening the brackets we have

Actual Price \times Actual Quantity - Standard Price \times Actual Quantity

therefore, from the options provided option C) is correct as Direct Material Price Variance is difference in Actual Cost and Standard Cost of Actual Units

Final Answer

C) the difference in prices of the Actual Quantity Purchased (AQP) and the Actual Price (AP) multiplied by the Actual Quantity Purchased (AQP) and the Standard Price (SP) of the input purchased.

4 0
3 years ago
Murphy's, Inc., has 85,000 shares of stock outstanding with a par value of $1 per share. The market value is $12 per share. The
nexus9112 [7]

Answer:

The correct answer is $177,955.

Explanation:

According to the scenario, the computation of the given data are as follows:

Capital in excess of par account = $74,500

Common stock = $85,000

Retained earning = $141,500

So, we can calculate the balance in the capital in excess of par account be after the dividend by using following formula:

Capital after Dividend = Balance sheet amount of Capital + ( Issued additional share × Capital in excess of par per share )

Where,

Issued additional share = 11% × $85,500 = 9,405

And Capital in excess of par per share = $12 - $1 = $11

By putting the value, we get

Capital after dividend = $74,500 + ( 9,405 × $11)

= $74,500 + $103,455

= $177,955

8 0
2 years ago
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