All categories

1 year ago

Determine whether the following statement is true or false, and explain your reasoning:

Business

1 answer:

Triss [41]1 year ago

6 0

Answer:

The statement is true

Explanation:

As a fact, I agree that with large sample sizes, even the small differences between the null value and the observed point estimate can be statistically significant.

To put it differently, any differences between the null value and the observed point estimate will be material and/or significant if the samples are large in shape and form.

It's also established that point estimate get more clearer and understandable, and the difference between the mean and the null value can be easily singled out if the sample size is bigger.

Suffix to say, however, while the difference may connote a statistical importance, the practical implication notwithstanding, will be looked and studied on a different set of rules and procedures, beyond the statistical relevance.

You might be interested in

Southeastern Oklahoma State University's business program has the facilities and faculty to handle an enrollment of 2,200 new s

docker41 [41]

Answer:

a. 0.7273 or 72.73%

b. 0.8875 or 88.75%

Explanation:

a. Utilization rate is the ratio of the amount of installed capacity planned to be used relative to the total installed capacity. This can be stated as follows:

Utilization rate = ICP ÷ TC ......................................... (1)

ICP = Amount of installed capacity planned to be used

TC = Total installed capacity

From the question, ICP = 1,600 while TC = 2,200. Substituting this into equation (1), we have:

Utilization rate = 1,600 ÷ 2,200 = 0.7273 or 72.73%

Therefore, utilization rate is 0.7273 or 72.73%.

b. Efficiency rate is the ratio of the actual installed capacity used relative to the amount of installed capacity planned to be used. This can be stated as follows:

Efficiency rate = AIC ÷ ICP ......................................... (1)

AIC = Actual installed capacity used

ICP = Amount of installed capacity planned to be used

From the question, ICP = 1,420 while TC = 1,600. Substituting this into equation (1), we have:

Efficiency rate = 1,420 ÷ 1,600 = 0.8875 or 88.75%

Therefore, efficiency rate is 0.8875 or 88.75% .

3 0

2 years ago

Journalize the following labor-related transactions for Portland Creations at its plant in Portland, Oregon. Assume that the lab

dybincka [34]

Answer: Debit overhead expenses $78,530 Credit wages payable $78,530

Explanation: The $78,530 was arrived at by adding all the wages amount ($620 + $910 + $77 000). Recognizing the journals as compound entries means the total amount of the wages would be used instead of simply recognizing the debits and credits for each wage amount.

Since the wages have been incurred but not paid, a payable has to be recognized. When payment is eventually to be made, it would be from the payable account by way of debiting the payable account and crediting cash.

4 0

2 years ago

A farmer sells five pounds of pecans to a smith's fresh pecans for $10. smith's fresh pecans resells three pounds for $4.50 per

AURORKA [14]

$21.50 is added to GDP.

4 0

1 year ago

Sony has a better opportunity to reach the potential Millennial market segment, compared to unestablished manufacturers, because

8090 [49]

Answer:

full spectrum of product offerings

Explanation:

Sony has always been striving to serve its customer better. Millennial are the top brands that are considered in market. They are the organizations which capture major market share and are massive market segment. Sony has offered wide range of products to its customers.

8 0

1 year ago

The Nintendo Company manufactures electronic video consoles and game cartridges. Nintendo provides game-design firms with techni

3241004551 [841]

Answer:

Licensing

Explanation:

Licensing can be defined as a business agreement in which a company gives permission to another company to produce it product by issuing a license in exchange for a fee called royalty.

The license is the legal agreement between the two firms.

The firm that issues the license to another firm is called the LICENSOR

The firm that receives the license is called the LICENSEE.

Nintendo company is the licensor who gives permission/license to the game-design firms to manufacture it product.

The game-design firms is the licensee who receives the license/permission to produce another firm's product.

The game-design firms pay royalty to Nintendo company for giving it a license.

8 0

1 year ago

Read 2 more answers