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kotykmax [81]
2 years ago
10

The monthly amounts spent for food by families of four receiving food stamps approximates a symmetrical, normal distribution. Th

e sample mean is $150 and the standard deviation is $20. Using the Empirical rule, about 95% of the monthly food expenditures are between which of the following two amounts?A. $205 and $220
B. $85 and $105
C. $100 and $200
D. $110 and $190
Business
1 answer:
otez555 [7]2 years ago
3 0

Answer:

The correct answer is D

Explanation:

Empirical rule is the rule in statistics, which defined as that for the normal distribution, that is as:

68% of the data fall under one standard deviation of mean.

Data which is 95% lie under the two standard deviations of the mean.

Data (All) which is 99.7%  lie under the three standard deviations of the mean.

So, in this case, the sample mean fall under second category, which is as:

= Sample mean ± 2 (Standard deviation)

= $150 ± 2($20)

= $150 ± $40

= $150 + $40 and $150 - $40

= $190 and $110

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Silver Corporation has provided the following information concerning its raw materials purchases. The budgeted cost of raw mater
kakasveta [241]

Answer:

$171,619.20

Explanation:

The computation of the budgeted accounts payable balance at the end of November is shown below:

= Budgeted cost of raw materials purchases in November × following month percentage

= $286,032 × 60%

= $171,619.20

As 40% is paid in the month of purchase whereas 60% is paid to the following month. So, we recognized 60%, not 40%

4 0
2 years ago
The Flores Family loves to go sailing on the weekends. Mr. Flores has decided to purchase a more spacious sailboat. The sailboat
zavuch27 [327]

Answer:

$367.86

Explanation:

To calculate this, we use the formula for calculating future value annuity (FVA) due as follows:

FV = M × {[(1 + r)^n - 1] ÷ r} × (1 + r) ................................. (1)

Where,

FV = Future value of an annuity or the cost of sailboat =  $20,000

M = Amount of each annuity  or to deposit monthly = ?

r = Monthly interest rate  = 0.06 ÷ 12 = 0.005

n = number of months = 4 years × 12 = 48

Substituting the values into equation (1), we have:

20,000 = M × {[(1 + 0.005)^48 - 1] ÷ 0.005} × (1 + 0.005)

20,000 = M × 54.3683213801713  

Making M the subject of the formula and solve, we have:

M = 20,000 ÷ 54.3683213801713  = $367.86

Therefore, Mr. Flores should deposit $367.86 in this account at the beginning of each month to be able to pay cash for the sailboat in 4 years.

8 0
2 years ago
Assume that more corn is used to produce ethanol. Simultaneously, more effective control of pests and weeds occurs during farmin
Sophie [7]

The price of corn will increase  will definitely occur in the corn market.

Option A

<u>Explanation: </u>

Ethanol is a renewable fuel of several organic materials known as "biomass." Further, then 98% of U.S. petroleum includes ethanol, usually E10 to control air emissions, or E10 (10% ethanol, 90% gasoline). Oxygenation of petrol

Corn ethanol is the primary ethanol origin of ethanol fuel throughout the United States derived from corn biomass.

Maize ethanol is generated by fermenting and distilling of ethanol. It is questionable whether corn ethanol consumption leads to lower pollution of greenhouse gas than petrol.

4 0
2 years ago
Digby's product manager is considering lowering the price of the Daft product by $2.50 and wants to know what the impact will be
Dvinal [7]

Answer:

D.  34.00%

Explanation:

The computation of the new contribution margin is shown below:

As we know that

Contribution Margin = Net Sales Revenue - Variable Expenses

where,

Net sales revenue is

= 604 units × $32.5

= $19,630

The variable expense = Total material cost + total labor cost

Total Material Cost = 604 units × $14.36 = $8,673.44

Total Labor Cost = 604 units × $7.09 = $4,282.36

So, the variable expense is

= $8,673.44 + $4,282.36

= $12,955.8

Now

Contribution margin = $19,630 - $12,955.8 = $6,674.2

And,

Contribution margin ratio = Contribution margin ÷ net sales

So,  Contribution margin = $6,674.2 ÷ $19,630

= 34.00%

4 0
2 years ago
Instructions:Review the following graph. Then, answer the question below.
netineya [11]

the purple bar is the tallest which means it has the most growth potential:

answer is: B. There will be a growing demand for nurse practitioners in the coming years.

6 0
2 years ago
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