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horrorfan [7]
2 years ago
11

A newspaper article states with 95% confidence that 55% to 65% of all high school students in the united states claim that they

could get a hand gun if they wanted one. this confidence interval is based on a poll of 2000 high school students in detroit. how would you interpret the confidence interval from this newspaper article?
Business
1 answer:
gizmo_the_mogwai [7]2 years ago
8 0

Answer:

The number of high school students in detroit that can get a gun if they wanted one is between 1100 and1300

Explanation:

Lower limit = 55% of 2000 = 0.55 × 2000 = 1100

Upper limit = 65% of 2000 = 0.65 × 2000 = 1300

Range of students in detroit that can get a gun if they wanted is between 1100 and 1300

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Domino Foods, Inc., manufactures a sugar product by a continuous process involving three production departments—Refining, Siftin
Artist 52 [7]

Answer:

Domino Foods, Inc Journal enties

Sept 30

Dr Refining work in processs 400,000

Cr Material 400,000

Sept 30

Dr Refining work in processs 150,000

Cr Labour 150,000

Sept 30

Dr Refining work in processs 100,000

Cr FOH control account 100,000

Sept 30

Dr Stiffing work in processs 575,000

Cr Refining work in processs575,000

Explanation:

Domino Foods, Inc Journal enties

Sept 30

Dr Refining work in processs 400,000

Cr Material 400,000

Sept 30

Dr Refining work in processs 150,000

Cr Labour 150,000

Sept 30

Dr Refining work in processs 100,000

Cr FOH control account 100,000

Sept 30

Dr Stiffing work in processs 575,000

Cr Refining work in processs575,000

(400,000+150,000+100,000-40,000-35,000)

3 0
2 years ago
Read 2 more answers
Maria spots a beautiful dress in the window of a boutique. Maria goes into
Yakvenalex [24]

Answer:

Asking Price

Explanation:

8 0
2 years ago
XYZ Corporation, located in the United States, has an accounts payable obligation of ¥750 million payable in one year to a bank
antiseptic1488 [7]

Answer:

The maximum future dollar cost of meeting this obligation using the call option is $6,545,400

Explanation:

payable obligation = 750,000,000 YEN

premium payable on call option = 750,000,000*0.012

                                                      = $90,000

the interest rate is 6%

future value of call option premium = $90,000(1+0.06)

                                                           = $95,400

As the expected future spot price is 109 YEN per dollar which is higher than exercise price of $0.0086

Amount payable under call option = (750,000,000*$0.0086)+$95400

                                                          = $6,545,400

Therefore, The maximum future dollar cost of meeting this obligation using the call option is $6,545,400

6 0
2 years ago
Barry and his wife Mary, have accumulated over $3.5 million during their 50 years of marriage. They have three children and five
Olegator [25]

Answer:

$224,000

Explanation:

The money which Berry and Mary gift to their children and grand children in 2017 without any gift tax liability is as follows:

Children:

According to the policy, they can gift up to $14,000, without gaining any gift tax liability.

So, amount given by them is $14,000 x 3 (number of children) x 2 (Barry and Mary) = $84,000

Grandchildren :

According to the policy, Barry and Mary can gift up to $14,000 without gaining any gift tax liability.

So, amount given by them is $14,000 x 5(number of children) x 2 (Barry and Mary) = $140,000

And therefore, the total amount of estate removed from Barry and Mary's estate is as follows:

$84,000 + $140,000 = $224,000

7 0
2 years ago
Exeter Company acquires 35% of the voting stock of Fenton Corporation for $7,000,000 on January 1, 2020. At the time, the book v
ArbitrLikvidat [17]

Answer:

a. $700,000.

Explanation:

20,000,000 x 35% = 7,000,000

purchase cost:          7,000,000

nor goodwill or excess of value should be recognized.

But, if the face value is 15,000,000 then:

15,000,000 x 35% =  5,250,000

we recognize a goodwill of 1,750,000

which will be amortized over 5 year thus:

1,750,000 / 5 = 350,000

For the income of Frenton it will recognize the proportion of the net income and subtract the amortization on the goodwill.

3,000,000 x 35% =   1,050,000

amortization        <u>       (350,000)  </u>

<em>income from Frenton  700,000</em>

<em />

8 0
2 years ago
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