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Afina-wow [57]
2 years ago
14

The village of Hempstead has been taking a look at the issue of responding to 911 calls. It is a small community and geographica

lly dispersed, so the response calls have been relatively slow. The following is the response rates for the last five calls: 17 minutes, 12 minutes, 9 minutes, 16 minutes, and 14 minutes.
What was the mean response time for 911 calls in this village?

a. 13.6 minutes
b. 12.6 minutes
c. 14.2 minutes
d. 10.2 minutes
Business
1 answer:
yuradex [85]2 years ago
8 0

Answer:

\bar X = \frac{17+12+9+16+14}{5}= 13.6min

So then the best answer for this case would be:

a. 13.6 minutes

Explanation:

For this case we have the following data for the response rates:

17,12,9,16,14

And we want to calculate the mean response time for 911 calls in this village.

And for this case we use we can use the definition of sample mean given by:

\bar X = \frac{\sum_{i=1}^n X_i}{n}

Where n = 5 represent the sample size for this case. If we replace we got:

\bar X = \frac{17+12+9+16+14}{5}= 13.6min

So then the best answer for this case would be:

a. 13.6 minutes

The sample mean is an estimator unbiased of the population mean because:

E(\bar X) = E(\frac{\sum_{i=1}^n X_i}{n}) = \frac{1}{n} \sum_{i=1}^n E(X_i) = \frac{n\mu}{n}= \mu

For this reason is a good statistic if we want to see central tendency in a group of values.

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Information related to Kerber Co. is presented below.1. On April 5, purchased merchandise from Wilkes Company for $23,000, terms
Travka [436]

Answer and Explanation:

The journal entries are as follows

1. On April 5

Merchandise Inventory $23,000

           To Accounts Payable  $23,000

(Being the merchandise purchased on the account is recorded)

For recording this we debited the merchandise inventory as it increased the assets and credited the account payable as it increased the liabilities

2. On April 6

Merchandise Inventory $900

         To Cash  $900

(Being freight cost is paid is recorded)

For recording this we debited the merchandise inventory as it increased the assets and credited the cash as it decreased the assets

3. On April 7

Equipment $26,000

        To Accounts Payable  $26,000

(Being equipment purchased on the account is recorded)

For recording this we debited the equipment as it increased the assets and credited the account payable as it increased the liabilities

4. On April 8

Accounts Payable $3,000

         To Merchandise Inventory  $3,000

(Being returned inventory is recorded)

For recording this we debited the account payable as it decreased the liabilities and credited the merchandise inventory as it decreased the assets

5. On April 15

Accounts Payable ($23,000 - $3,000) $20,000

        To Cash  $19,600

        To Merchandise Inventory ($20,000 × 2%)  $400

(Being payment is made is recorded)

For recording this we debited the account payable as it decreased the liabilities and credited the merchandise inventory and cash as it decreased the assets

3 0
2 years ago
Suppose the college administrators estimate that the beautification initiative will cost $7,200. To decide whether the initiativ
Gelneren [198K]

Answer: $5,400

Explanation:

The 300 students on average agreed that they would be willing to pay $18 fo the beautification project.

The total monetary value of the benefit of the beautification initiative, as suggested by the survey is the amount that would be accrued if every student paid for the project at their Average Willingness to pay.

This would be,

= 300 * 18

= $5,400

The Total Benefit as suggested by the Survey is $5,400.

NB - The Total Benefit as suggested by the Survey is LESS than the cost of the Survey so the project SHOULD NOT be embarked on.

4 0
2 years ago
Fizzzle Inc. sold a piece of equipment during the period for $230,000 and recorded a gain of $45,000 on the sale. How should thi
saw5 [17]

Answer:

The gain is subtracted from net income in the operating activities section

Explanation:

Given that

Sale value of an equipment = $230,000

And, the gain on the sale = $45,000

So by considering the above information

We can say that the Sale value of an equipment is shown in the investing activities as a cash inflow while the gain on the sale is to be subtracted from the net income in the operating activities and if there is a loss than it would be added to the net income

4 0
2 years ago
Stephanie bought a package of pencils for $1.75 and some erasers that cost $0.25 each. She paid a total of $4.25 for these items
Sonbull [250]

Answer:

the dogs

Explanation:

8 0
2 years ago
The GoT cups are a fast seller and you need to ensure that you have enough rolls of paper to fulfill demand. The first stage in
jarptica [38.1K]

Answer:

EOQ = 414 rolls

Explanation:

In order to calculate the number of orders to minimize the cost, we should calculate that by using the Economic order quantity model.

DATA

Holding cost = $1.75/unit

Annual demand = 500 rolls x 12 = 6000 rolls

Ordering cost = $25

Formula

EOQ =\sqrt{\frac{2Cod}{Ch} }

Where

Co = ordering cost

D = Annual demand

Ch = Holding cost

Solution

EOQ = \sqrt{\frac{2(6000)(25)}{1.75} }

EOQ = \sqrt{\frac{300000}{1.75} }

EOQ = 414 rolls

They should order 414 rolls to minimize the cost.

4 0
2 years ago
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