Answer:
Option A
Explanation:
We can be 90% confident that the mean amount of money spent at sporting events last year by all the students at this university is between $ 217 and $ 677.
The interval offered by option A, is the same result obtained by the student on his research. By the definition the confidence interval permit us to conclude that the mean of the population would be on that interval.
Answer:
Yes he can execute the enrollment for her
Explanation:
The power of attorney is a legal document that given the authority to act in place on another person. It can be represented on behalf of other people so that the act could be done.
Here the individual can act legal with respect to the financial issue, property matters, etc
Therefore according to the given situation yes he can be executed
Answer:
The correct answer is:
Ratio Scale
Explanation:
A ration scale of measurement is one that has equal units of measurement, and has an absolute value of zero. Measurements below the zero point on the scale is not possible. for example in the measurement of height in meters, the lowest measurement possible is 0 meter, a measurement of - 1 meter will make no mathematical sense. In this example, if a score of 60 is said to have twice as much attributes than a score of 30, it means that this attributes are measured from a reference zero point, because truly, 60 is twice as much as 30, from a zero point on a scale.
The other scales of measurements include;
nominal scale of measurement; which contains mainly categorical data and is mainly used in form of tags rather than showing magnitude or intervals. Example is grouping a group of adults into married, divorced or single.
Ordinal scale; this scale shows hierarchical series or ordered series, but does not show intervals between the elements. example is in classifying the positions of participants in a race as first, second or third etc. There is an ordering, as the first position is on top of the list, but it will now make sense to say the distance between the attribute of first to third position is the same as the distance between the attributes between third and fifth position, as there is no scale.
Interval scale; this scale of measurement does not have a limit zero value which represents the least possible point on a scale, but the intervals between different units on the scale can be compared logically. Example is the measurement of temperature using the Fahrenheit scale, where the temperature can go as low as - 20°F, below the zero point, and a distance of 3°F to 5°F can be said to be equal to a distance of 10°F to 12°F.
Answer:
Since relevant revenue (115,92) is greater than relevant cost (60,260) the order should be accepted. By accepting the order the company will earn extra $60,375.92
Explanation:
Calculation of contribution to profit from special order:
Sales revenue =$2,520*46 slabs = 115,92
Cost of raw materials =$810*46 slabs = (37,260)
Cost of direct labor =$500*46 slabs =(23,000)
Total relevant cost = (37,260) + (23,000)
= (60,260)
contribution to profit = 115,92 - (60,260) = 60,375.92
Since relevant revenue (115,92) is greater than relevant cost (60,260) the order should be accepted. By accepting the order the company will earn extra $60,375.92
Answer:
$2,090,000
Explanation:
The computation of the total manufacturing cost is shown below:
Total manufacturing cost = Cost of direct materials used + direct labor cost + manufacturing overhead cost incurred
where,
Cost of direct materials used = Beginning balance of raw material + Purchase of direct materials - ending balance of raw material
= $290,000 + $840,000 - $350,000
= $780,000
So, the total manufacturing cost equals to
= $780,000 + $670,000 + $640,000
= $2,090,000
