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DIA [1.3K]
2 years ago
13

Suppose 52% of students support the idea of paying student government officers. A random sample of 400 students is taken. What i

s the probability that fewer than 50% of the students surveyed will express support for paying student government officers?
Business
1 answer:
jeka942 years ago
4 0

Answer: The probability that fewer than 50% of the students surveyed will express support for paying student government officers is 8.501 × 10^-65

Explanation:

Since fifty two percent (52%) of the surveyed students support the idea of paying student government officers, it consequently means that 48% (100% - 52%) of students are against the idea or not in support of it.

To find the probability that less than or fewer than fifty percent (< 50%) of the 400 surveyed students are in support, we must obtain the actual number of students that represent 50% of the individuals surveyed.

= (50/100) × 400

= 200 students.

Therefore, we are to find the probability that less than 200 of the surveyed students are in support of the payment. This means that at least, 201 of the surveyed students are not in support of the payment.

Since, 48/100 generally represents the percentage of students that are not in support of the idea, then we multiply 48/100 by itself up to 201 times. The opinions of the other 199 surveyed students doesn't matter

= (48/100)^201

= 8.501 × 10^-65

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Alice is trying to save money, so she decides she’ll only buy renters insurance if and when something bad happens at her apartme
ahrayia [7]

Answer:

The correct answer is letter "D": Insurance companies will only cover losses suffered while the policy is already in place.

Explanation:

Regardless of the type of insurance you purchase, the purpose of the coverage is having a policy in case an unexpected unfortunate event takes place. <em>Insurances do not enroll individuals who need the policy just because of an ongoing accident</em>. Those individuals could enroll in an insurance plan but the ongoing accident will not be covered by the company. Only those events happening when the policy is already valid are subject to evaluation for coverage.

7 0
2 years ago
​Nourishmix, Inc. manufactures food processors. The target sales price is​ $420 per unit. The company desires a​ 30% net profit
jasenka [17]

Answer:

C. $294

Explanation:

The computation of the  company's target full - product cost per unit is shown below:

= Target sale price - target sale price × net profit margin

= $420 - $420 × 30%

= $420 - $126

= $294

Simply we deduct the targeted net profit from the targeted sales price so that the accurate target full - product cost per unit can come.

7 0
2 years ago
Which statement is true regarding the Preferred Vendor field in Product and Services items?A. You can add more than one preferre
Ivanshal [37]

Answer: B. You can create a new vendor from the product/service information screen

Explanation:

The statement that is true regarding the Preferred Vendor field in Product and Services items is that can create a new vendor from the product/service information screen.

Other statements given in the question such as adding more than one preferred vendor to each product/service item and Preferred vendors must be assigned to utilize Price rules are not true.

Therefore, option B is the correct answer.

3 0
2 years ago
Hopkins Company has taken a position in its tax return to claim a tax credit of $70,000 (direct reduction in taxes payable) and
Oksi-84 [34.3K]

Answer:

The amount of the additional projected liability that should be recognized is $28,000

Explanation:

For computing the amount of the additional projected liability, we have to apply the formula which is shown below:

= Tax benefit in 20% - Tax benefit in 40%

= $70,000 - $42,000

= $28,000

The other information which is given in the question is irrelevant. So, it is not been considered in the computation part. Hence, it is ignored.

We took the higher value between $42,000 and $14,000.

5 0
2 years ago
The supply function for good X is given by Q x s = 200 + 4P X - 3P Y - 5P W, where P X is the price of X, P Y is the price of go
MissTica

Answer: 1300

Explanation:

From the equation,

Qxs = 200 + 4Px - 3Py - 5Pw

where

Px = price of X = 500

Py = price of y = 250

Pw = price of input w = 30

Putting the figures back into the supply equation, we have:

Qxs = 200 + 4Px - 3Py - 5Pw

= 200 + 4(500) - 3(250) - 150

= 200 + 2000 - 750 -150

Qxs = 1300

8 0
2 years ago
Read 2 more answers
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