Is it likely that the estimate of Total Income is accurate to within $1500? Why or why not?

Q: An accounting services company trains 20 workers out of a total of 45 in the first period. In the…

A: NOTE: Refresh your page if you can't see any equations. . in the first period, the company trains 20…

Q: Predict the amount of monthly sales, if monthly advertising expenses is $4,650

A: Based on given output Y-intercept = 759.57 Slope = 1.91 Let Y denote the monthly sales, X denotes…

Q: JP Vineyards has sales of $826,000, a gross  profit margin of 0.337, and inventory of $170,000. What…

A: Question : JP Vineyards has sales of $826,000, a gross profit margin of 0.337, and inventory of…

Q: Your mayor just announced that the local unemployment rate dropped from 10.5% to 10.4% from the…

A: For the given scenario, there is no sufficient information provided for determination of the…

Q: Explain the term strata and stratification?

A: A random sample is one which is selected in such a way that every item in the population has equal…

Q: In your own words, explain what is point estimation and why is it important. Give an example

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Q: what is the general trend for total accident cost per man-hour?

A: The trend of the total accident cost per man-hour is positive.

Q: what is annual insurance loss ratio?

A: Annual Insurance loss ratio. It is the ratio of the claims paid to a customer divided by the total…

Q: An executive at a telecommunications company is interested in the relationship between an…

A: Regression: The regression analysis is conducted here by using EXCEL. The software procedure is…

Q: 3. What was the median walking time in June 2021? Express your answer to the nearest hundredth.

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Q: What is SST?

A: Solution SST=32

Q: What is the unemployment rate?

A: Unemployment rate=(No: of unemployed people/ Total population) *100 =(1.5/60)*100 =2.5%

Q: what is the point estimate of the annual  income of the salesPerson with three year of college

A: Here, the dependent variable is annual income and independent variable is number of years of…

Q: Calculate the missing values in the following table. Express the answers rounded to two decimal…

A: Remark:  Selling price = cost + markup Markup on cost = (markup / cost) *100% Markup on selling…

Q: An insurance company sells a policy that pays $50,000.00 in case of accidental death. According to…

A: Here we want to find premium value.

Q: What is the approximate percentage of buyers who paid between $750 and $1000? de

A: Let Prices (X ) follow Normal distribution with mean $1000 and standard deviation $125

Q: Expressed as Percantage of selling price, which of the best selling menu items is the most costly to…

A: We have to answer question based on given table.

Q: From the following data calculate the cost of living index number using the geometric Means.

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Q: 1. Refer to Table 1. Cost of market basket in 2014 and in 2015: * $800, $1200

A: Cost of the market is calculated for each year by taking the product of price and quantity. Consumer…

Q: Calculate the premium that the insurance company should charge for a policy to break even.

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Q: what is gross  monthly for the hourly position?

A: Solution

Q: How to how to interpret scatterplots?

A:

Q: All discrete quantitative variables can be thought of as counting the number of something. True…

A: If a random variable can only take on a countable number of values, it is discrete; the values of…

Q: A small-business consultant is investigating the performance of several companies. The…

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Q: Develop an estimate for the cost of a 500-mile automobile trip, if gasoline is $4 per gallon,…

A: We can calculate the cost of a 500-mile automobile trip by adding the cost of gasoline burnt and the…

Q: Calculate the missing information for the purchase. Sales Sales Total Selling Excise Excise Item Таx…

A: The selling price of the Sofa is $250 and the rate of sales tax is 5%. Evaluate the sales tax on the…

Q: _9. The mean annual income of workers who are college graduates is greater than Php 100,000 a year.

A: here use basic of hypothesis testing

Q: You work as a sales manager for a home furnishings store. If the store maintains a 26% margin on all…

A: Given margin is 26%. Sales manager have to maintain this margin. Let the monthly sale is $x which…

Q: Calculate the gross earning for an apple picker based on the following differential pay scale 1-1000…

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Q: Construct your own problem involving related rates.

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Q: Discuss two criticisms of the consumer price index (CPI)

A: 1.) Substitution bias: The substitution bias causes certain increases in price to be exaggerated…

Q: What is the doubling time of prices which are increasing by 6 percent per year?

A:

Q: If the old price of a product is PhP100 and the new price is PhP500, what is the percentage increase…

A:

Q: The interest rate on a car loan has increased 50% over the last 10 years and is now 9%. VWhat was…

A: According to the given information it is required to find the rate 10 years ago, when the interest…

Q: If the markup on an item is 30.00% of its selling price, calculate the markup as a percentage of the…

A: To calculate the markup as a percentage of the cost of the item if the markup on an item is 30.00%…

Q: Recently, the annual number of driver deaths per 100,000 for the selected age groups was as lows:

A: Hello! As you have posted more than 3 sub parts, we are answering the first 3 sub-parts.  In case…

Q: The median home value in lowa and Kentucky (adjusted for inflation) are shown below. Year lowa…

A: Year Iowa Kentucky 1950 38300 32000 2000 82500 86700

Q: Suppose that an actuary for an insurance company found that the life expectancy of people (living in…

A: Given that, μ=78,σ=5 Let X denote the life expectancy of people Assume that X follows normal…

Q: A study has concluded that the average loaned amount of private employees from a bank has increased…

A: Descriptive statistics : statistics used to describe data like charts or central tendencies are…

Q: What is the estimated total cost to attend the FIRST YEAR of this university? $

A:

Q: Most observers object to the pay gap when top CEO pay is tied to performance. a) True ) b) False

A: Given statement is - most observers object to the pay gap when top CEO pay is tied to performance

Q: Ignoring other partial losses, what premium should the insurance company charge each season to…

A: Here given, A race car driver wishes to insure his car for the racing season for $50,000. The…

Q: Is seniority related to hourly wage? How does the specialist know? What hourly wage would the…

A: A sample of 21 individuals is collected , and a relationship between seniority and wages is studied.…

Q: a. The cost (in dollars) of a new Accord in 2007?

A: Given, The function f determines the cost (in dollars) of a new Honda Accord in terms of the number…

Q: Give the average rate of the cost of milk from 2011 to 2013 and show your work. (label as a rate…

A:

Q: What are the relevant costs to be considered when deciding whether to take a quantity discount? On…

A: Discount: Quantity discount refers to the discount given to the buyer on the basics of quantities…

Q: What if PepsiCo wants to narrow their investigation to see if the ounces are specifically less than…

A: Let μ denote the true mean ounce. Also, let the value of true mean ounce is equal to α. Here, the…

Q: Test if significant difference on the beginning and current salary among the minority.

A: To Test if significant difference on the beginning and current salary among the minority, the…

Q: How to calculate percentage mark up?

A: Concept: A markup percentage is a number used to determine the selling price of a product in…