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Setler [38]
2 years ago
8

The manager of the only bowling alley in town wants to know how often the average person in his town goes bowling. He leaves a q

uestionnaire at the front desk of his bowling alley with a sign that asks for customer input. Will this survey method give a good sample?
Business
1 answer:
nalin [4]2 years ago
6 0

Answer:

<h2>In this case,the survey method or the questionnaire method employed by the bowling alley manager can be an effective method of data collection through a reasonably considerably sample size and composition.</h2>

Explanation:

  • In statistical data collection process,the questionnaire method is considered to be one of the most suitable and preferred methods or techniques of data collection considering various types of research topics.
  • The questionnaire method of data collection can save considerable amount of time and effort and financial to reach and cover the actual target population of the concerned research as the researcher can just distribute the questionnaire copies randomly to various people within the target population of research or study thereby, avoiding the hassle of personally approaching people and getting responses.
  • Furthermore, questionnaire method can ensure coverage of relatively large sample size within less time period and without having to spend excessive financial and material resources. Hence, in this case, the manager of the bowling alley can simply put a questionnaire form at the entrance and request the members to fill it up at their own convenience and personal will.,which could save him the practical hassles of approaching each individual member for responses.
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The following table shows a person's nominal and real wages for three years, as well as the price level (price index) for each y
matrenka [14]

Answer:

Year  Nominal wage  Real wage  Price level  Inflation rate

1                  $7                  $5                140             Nil

2                 $9                  $6                150               7.14 %

3                 $12                 $7.5             160              6.67 %

Explanation:

Note: The table for the question is attached as picture

Price level in Year 1 = (Nominal wage in year 1/Real wage in year 1) * 100  

Price level in Year 1 = ($7.00 / $5.00) * 100

Price level in Year 1 = 1.4 * 100

Price level in Year 1 = 140

Real wage in Year 2 = (Nominal wage in year 2 / Price level in year 2) * 100.

Real wage in Year 2 = ($9.00 / 150.00) * 100

Real wage in Year 2 = $6

Nominal wage in Year 3 = (Real wage in Year 3 * Price level in Year 3) / 100.

Nominal wage in Year 3 = ($7.50 * 160) / 100

Nominal wage in Year 3 = $1,200 / 100

Nominal wage in Year 3 = $12

Inflation rate in Year 2 = (Price level in Year 2 - Price level in Year 1) / Price level in Year 1.

Inflation rate in Year 2 = (150 - 140) / 140

Inflation rate in Year 2 = 10 / 140

Inflation rate in Year 2 = 0.0714

Inflation rate in Year 2 = 7.14 %

Inflation rate in Year 3 = (Price level in Year 3 - Price level in Year 2) / Price level in Year 2.

Inflation rate in Year 3 = (160 - 150) / 150

Inflation rate in Year 3 = 10 / 150

Inflation rate in Year 3 = 0.0667

Inflation rate in Year 3 = 6.67%.

6 0
2 years ago
Item 8Item 8 Rick’s Cafe is a new restaurant in town. It has Rick, (the owner), five waitstaff, two cooks, a busboy, and a hoste
olga55 [171]

Answer:

The cafe is small enough so a  middle manager is not required for maintenance as it can be maintained as a flat organization.

Explanation:

It has least number of employees. Hiring a middle manager will increase cost for the restaurant.

4 0
2 years ago
First Simple Bank pays 6.4 percent simple interest on its investment accounts. If First Complex Bank pays interest on its accoun
weqwewe [10]

Answer:

rate set by first complex bank is  = 5.07 %

Explanation:

given data

simple interest = 6.4 %

investment time = 10 year

solution

we consider here first total interest on the amount $100  paid as simple interest is for 10 year will be

interest = $100 × 6.4% × 10

interest = $64

so future value will be = $100 + $64 = $164

so now we consider rate of interest = r

so that now we apply here future value formula

future value = investment × (1+r)^{t}   ...............1

$164 = $100 × (1+r)^{10}  

1.64 =   (1+r)^{10}

solve it we get

r =  0.05071

so rate set by first complex bank is  = 5.07 %

7 0
2 years ago
Raj opens up a lemonade stand for two hours. He spends $10 for ingredients and sells $60 worth of lemonade. In the same two hour
prisoha [69]

Answer:

Accounting profit = $50

Economic profit = $10

Explanation:

Accounting profit = Revenue - Explicit cost

 $60 - $10 = $50

Economic profit = Accounting profit - Opportunity cost

$50 - $40 = $10

I hope my answer helps you

6 0
2 years ago
Miko owns a lake house that she rents to vacationers. Miko gives her son Ninh a trip to Omaha on his graduation from community c
ss7ja [257]

Answer:

The sale of Miko's car to Pye for $4,500

Explanation:

Article 2 of the uniform commercial code (UCC) covers the sale of goods, but it doesn't cover the sale of services, securities or real property.

The only transaction that involves the sale of goods happened when Miko sold her car to her neighbor. When you rent something, you are providing a service, the same happens with a trip (transportation and lodging services).

3 0
2 years ago
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