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tigry1 [53]
2 years ago
8

The 2015 American Time Use survey contains data on how many minutes of sleep per night each of 10,900 survey participants estima

ted they get. The times follow the Normal distribution with mean 529.9 minutes and standard deviation 135.6 minutes. An SRS of 100 of the participants has a mean time of x¯=514.4 minutes. A second SRS of size 100 has mean x¯=539.3 minutes. After many SRSs, the values of the sample mean x¯ follow the Normal distribution with mean 529.9 minutes and standard deviation 13.56 minutes.
What is the population?

A. The population is 135.6 million respondents to the American Time Use Survey.
B. The population is the 100 participants in the SRS.
C. The population is the 10,900 respondents to the American Time Use Survey.
D. The population is all Americans who sleep through the night.
Business
1 answer:
PolarNik [594]2 years ago
7 0

The population is the 10,900 respondents to the American Time Use Survey.

Explanation & Solution:

Statistics indicate that a large number of findings with similar features are related to in the population.

A sample is a subset from which it has been extracted.

"The American Time Usage survey for 2015 provides details about how many minutes of sleep every evening are assigned to each of 10,900 survey respondents.

An SRS of 100 participants (a plain random sample) has x = 514.4 minutes on average.

The size of the U.S. Time Utilization Survey is 10,900.

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You decide to quit your $60,000-per-year job as an information technology specialist and illustrate children's books. At the end
Lesechka [4]

Answer:

- $45000

Explanation:

Economic profit is different from accounting profit in the sense that former also takes into consideration the implicit costs, also referred to as opportunity costs unlike the latter.

Economic Profit = Accounting profit - Opportunity Costs

Opportunity costs are defined as the the cost of sacrificed or foregone alternative for pursuing a particular alternative. Such costs are implicit or notional as they are not actually incurred.

In the given case, Economic Profit = Revenues - Explicit costs - Implicit costs

Here, the implicit cost is $60,000 income foregone.

Thus, Economic Profit = $20,000(income) - $ 5000 (expense) - $60,000 (opportunity cost)

Economic Profit = ($ 45,000) or -$45,000.

7 0
2 years ago
Cassandra's Boutique has 2,100 shares outstanding at a market price per share of $26. Sally's has 3,000 shares outstanding at a
stiv31 [10]

Answer:

$56,600

Explanation:

Given that,

Cassandra's Boutique:

2,100 shares outstanding at a market price per share of $26.

Sally's:

3,000 shares outstanding at a market price of $41 a share.

Acquiring Cassandra's boutique for cash = $58,000

Incremental value of the acquisition = $2,000

We can get the value of Cassandra's Boutique to Sally's by adding the incremental value of the acquisition to the market value of the shares of Cassandra's Boutique.

Firstly, we are calculating the market value of Cassandra's Boutique:

= Outstanding shares × Market price per share

= 2,100 × $26

= $54,600

Therefore, the value of Cassandra's Boutique to Sally's is as follows:

= market value of Cassandra's Boutique + Incremental value of the acquisition

= $54,600 + $2,000

= $56,600

7 0
2 years ago
The country of Lessidinia has a tax system identical to that of the United States. Suppose someone in Lessidinia bought a parcel
Montano1993 [528]

Answer: -30%

Explanation:

The Nominal gain is:

= 100,000 - 20,000

= 80,000 foci

Tax on nominal gain:

= 20% * 80,000

= 16,000 foci

After tax nominal value of land:

= 100,000  - 16,000

= 84,000 foci

The real value given the price index is:

= 84,000 / 600 * 100

= 14,000 foci

After tax real rate of cap. gain:

= (14,000 - 20,000) / 20,000

= -30%

8 0
2 years ago
DeMont Tax Services provides primarily two lines of service: accounting and tax. Accounting-related services represent 60% of it
pogonyaev

Answer:

Accounting revenue = $7,500,000

Tax revenue  = $5,000,000

Explanation:

Contribution margin is net of Sales price and variable cost per unit.

Break-even is the level of sales at which the business have no profit no loss. At this point business only covers the the variable and fixed cost.

Average contribution = (Revenue from Accounting x Contribution of accounting services ) + (Revenue from Tax x Contribution of Tax services )

Average contribution = (60% x 30%) + (40% x 40%) = 18% + 16% = 34%

Revenue at break-even = Fixed cost / Contribution margin ratio

Revenue at break-even = $4,250,000 / 34% = $12,500,000

Accounting revenue = $12,500,000 x 60% = 7,500,000

Tax revenue = $12,500,000 x 40% = 5,000,000

8 0
2 years ago
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Simora [160]

Answer: Will report a liability of $5000 for judgement debt and a claim of $11,000

Explanation:

The liability refers to the obligations of the firm which are certain is going to make payment as compensation.

The $5000 liability, although payment has not been made it's already Incurred by the company under the acural concept.

The claim of $11,000 is only probable and not certain even though amount and time of execution can be estimated, since it's not certain it will only be recorded as a claim in the goverments fund balance sheet.

4 0
2 years ago
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