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kotykmax [81]
1 year 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]1 year 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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Collin has extracted the following balances from the ledger accounts for his business: (All amounts in $) Plant and machinery 95
zaharov [31]

Answer:

Carriage outwards: 7,520 debit

Explanation:

Accounts                         DEBIT     CREDIT

Plant and machinery 95,000

Property                   135,000

Inventory                      6,400

Receivables                2,850

Payables                                           3,600

Bank overdraft                                     970

Loan                                                45,000

Capital                                            100,000

Drawings                 32,000

Sales                                             362,000

Carriage outwards               x

Purchases                156,000

Purchase returns                               2,200

Discounts received                            3,500

<u>Sundry expenses      82,500                          </u>

TOTAL                     509,750           517,270‬

We construct the trial balance and the carriage outwar balance will be the diference between debit and credit:

517,270 - 509,750 = 7,520

3 0
2 years ago
Federal antitrust statutes are complex, but the basic goal is straightforward: to prevent a major industry from being so dominat
kicyunya [14]

Answer:

Since it is the supreme Court that has given this decision, there is nothing much an individual congressman can do alone or even a president.

However, since anti trust laws do not cover those which are not trade or Commerce in nature, a congressman can propose to inact new laws that cover Sports related economic activities. Or they can pass a new law to include the sports related financials in the anti trust laws. But this could change the structure and the purpose of anti trust laws.

Explanation:

6 0
1 year ago
Gordon Corporation produced 10,000 digital watches in the current year. Variable costs are $8 per watch. Overhead assigned is $2
olchik [2.2K]

Answer:b

Explanation:sorry if the answer is wrong

8 0
1 year ago
Show the total cost expression and calculate the EOQ for an item with holding cost rate 18%, unit cost $8.00, annual demand of 4
torisob [31]

Answer:

Total cost = Total ordering cost + Total holding cost

Total cost = DCo     + QH

                     Q              2

Where

D = Annual demand

Co = Ordering cost per order

Q = EOQ

H = Holding cost per item per annum

D = 40,000 units

Co = $48

H = 18% x $8.00 = $1.44

EOQ = √2DCo

                H

EOQ = √2 x 40,000 x $48

                     $1.44

EOQ = 1,633 units

Explanation:

EOQ equals 2 multiplied by annual demand and ordering cost divided by holding cost per item per annum. The holding cost per item per annum is calculated as holding cost rate multiplied by unit cost.

7 0
2 years ago
Makers Corp. had additions to retained earnings for the year just ended of $285,000. The firm paid out $180,000 in cash dividend
bogdanovich [222]

Answer:

Price-Earning ratio = 6.42

Price to Sales Ratio = 1.35

Explanation:

Earning for the year = $285,000

Common stock outstanding = 150,000 shares

* Price has not been given in the question. Assuming $70 is the market price of the share.

1.

Earning per share =  Earning for the year / Common stock outstanding

Earning per share = $285,000 / 150,000 = $1.90 per share

Price-Earning ratio = $7 / $1.90 = 6.42

2.

Price to Sales Ratio = Price / Sales = $7 / $5.19 = 1.35

5 0
2 years ago
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