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liq [111]
2 years ago
4

The scores on the wechsler adult intelligence scale are approximately normal with μ = 100 and σ = 15. the proportion of adults w

ith scores between 80 and 120 is closest to:
Business
2 answers:
dezoksy [38]2 years ago
8 0
Given that the mean is 100, and standard deviation is 15, the z-score of 80 will be:
z-score=(80-100)/15=-1.33333
the z-score of 120 will be:
z-score=(120-100)/15=1.3333
The probabilities associated with the z-score will be:
P(-1.33333)=0.0918
also
P(1.3333)=0.9082
therefore the proportion of adults with scores between 80 and 120 is:
0.9082-0.0918
=0.8164
=8.164%
=0.082

mars1129 [50]2 years ago
8 0

Answer: The proportion adults with scores between 80 and 120 is closest to 0.8176 or 81.76%.

We follow these steps in order to find the answer:

We first need to the Z scores for X = 80 and X =120

We calculate the Z scores as :

Z = \frac{x - \mu }{\sigma}

Substituting we get,

Z_{1} = \frac{80 - 100 }{15} = -1.33333

and

Z_{2} = \frac{120 - 100 }{15} = 1.33333

The area to the left of Z₁ is 0.09121122 , while the area to the left of Z₂ is 0.90878878

So, we need to find the area between Z₂ and Z₁ in order to arrive at the proportion between adults with scores 80 and 120.

\mathbf{Z_{2} - Z{1}= 0.90878878-0.09121122 = 0.817577561}

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4 0
2 years ago
Part U16 is used by Mcvean Corporation to make one of its products. A total of 15,500 units of this part are produced and used e
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Answer:

Calculation of Avoidable Cost:

Direct Materials                                     $3.40

Direct Labor                                           8.00

Variable manufacturing overhead          8.50

Supervisor's salary                                  3.90

Total Avoidable Cost                              $23.8

Note: Depreciation is a sunk cost and not relevant for decision making.

General Fixed Overhead will remain the same irrespective of decision. Hence, not relevant for decision making.

Evaluation of offer:

Loss on Sale from outside supplier (26.70-23.8)*15,500          $(44,950)

Additional Segment Margin earned                                          $27,500

Financial Advantage/(Disadvantage)                                          $(17,450)

Hence, annual financial disadvantage for the company as a result of buying part U16 from the outside supplier = $17,450

6 0
2 years ago
Avon Products, Inc., located in New York City, is one of the world’s largest producers of beauty and related products. The compa
kvv77 [185]

Answer:

a) Accounts Receivable 2015 = $443,000 2014 = $515,600

b) Bad Debt Expense = $144,100

c) Gross sales = $6,083,300

d) Cash collected from Customers = $6,005,000

Explanation:

a and b are given.

c) Gross Sales = $6,076,500 + $6,800 = $6,083,300

d) Cash collected = opening balance in Account receivable + credit  Net sales - Bad debt - Closing balance in Accounts Receivables

                            = $515,600 + $6,076,500 - $144,100 - $443,000

                           =$6,005,000

4 0
2 years ago
A Notary Signing Agent has been providing signing services with no incidents for over 10 years without having undergone a backgr
8_murik_8 [283]

Answer:

<u>b. Must still arrange to obtain and pass a background screening</u>

Explanation:

<em>Remember,</em> a notary signing agent is responsible for endorsing loan documents a sensitive job.

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7 0
2 years ago
Altira Corporation provides the following information related to its merchandise inventory during the month of August 2021: Aug.
Elodia [21]

Answer:

August 2021:

                                                                                             Total Cost

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8 August  Purchased 16,000 units for $6.70 each.      $ 107200

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18 August  Purchased 9,600 units for $6.80 each.  $ 65,280

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28 August Purchased 5,200 units for $5.80 each.  $ 30,160

31 August  Inventory on hand—9,400 units.

FIFO Ending Inventory $58,720

5,200 units for $ 30,160

4,200 units for $6.80 each.  $ 28,560

<em>FIFO Cost OF Goods Sold </em>

=$ 20,800 + $ 107,200+ $ 65,280+ $ 30,160 - $58,720= 223,400-$58,720 = <em>$ 164,720</em>

<em></em>

LIFO Ending Inventory $ 62340

3,200 units; cost $6.50 each.  $ 20,800

6,200 units for $6.70 each = $ 41540

<em>LIFO Cost OF Goods Sold </em>

=$ 20,800 + $ 107,200+ $ 65,280+ $ 30,160 -$ 62340= 223,400-$ 62340=<em>$ 161,100</em>

<em></em>

<em>Average Cost Ending Inventory = $223,400/ 34,000= 6.570</em>

<em>9,400* 6.570= $ 61,763</em>

<em></em>

Average Cost of Goods Sold = (Total Units - Ending Unit )* 6.57=

                                                            = $ 223,380

7 0
2 years ago
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