Business, 19.02.2020 21:32 glander2

An alumni association at a university wants to gather data on the annual earnings of former students employed as accountants who earned their CPA licenses one year ago. After taking a random sample from university records of all accounting students who graduated a year ago, the alumni association sent out a survey to the selected individuals in the sample and received 75 responses. An analyst for the alumni association used the responses to calculate a 95% confidence interval for the mean salary of accountants one year after obtaining their CPA licenses, finding the interval to be $64,000 to $89,000 per year. Which of the following statements is the correct interpretation of this interval in context? Read carefully!a) The alumni association can be confident, based on the method used to calculate the interval, that 95% of the accountants in the university's sample of 75 earned between $64,000 and $89,000 per year. b) There is a 95% chance, based on the method used to calculate the interval, that this particular interval, $64,000 to $89,000 per year, contains the true mean salary of the university's accounting graduates one year after obtaining their CPA licenses. c) The alumni association can be confident, based on the method used to calculate the interval, that the mean salary of all university students in the U. S. who graduated one year ago is $64,000 and $89,000 per year. d) The alumni association can be 95% confident, based on the method used to calculate the interval, that a large majority of the university's accounting graduates one year after obtaining their CPA license earn between $64,000 to $89,000 per year, based on the method used to construct the interval. e) The alumni association can be 95% confident, based on the method used to calculate the interval, that any one of the university's accounting graduates one year after obtaining a CPA license will earn between $64,000 and $89,000 per year. f) The alumni association can be 95% confident, based on the method used to calculate the interval, that the true mean salary of the university's accounting graduates one year after obtaining their CPA licenses is between $64,000 and $89,000 per year.

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 02:30

Required information [the following information applies to the questions displayed below.] the following data is provided for garcon company and pepper company. garcon company pepper company beginning finished goods inventory $ 13,800 $ 18,850 beginning work in process inventory 16,700 20,700 beginning raw materials inventory 8,800 13,500 rental cost on factory equipment 28,250 26,650 direct labor 22,400 37,400 ending finished goods inventory 17,300 14,300 ending work in process inventory 23,200 19,400 ending raw materials inventory 5,900 9,600 factory utilities 11,250 15,000 factory supplies used 10,900 5,700 general and administrative expenses 32,500 44,500 indirect labor 2,500 9,880 repairsâ€”factory equipment 4,820 2,150 raw materials purchases 41,500 63,000 selling expenses 54,800 49,000 sales 238,530 317,510 cash 33,000 23,700 factory equipment, net 222,500 124,825 accounts receivable, net 13,400 23,950 required: 1. complete the table to find the cost of goods manufactured for both garcon company and pepper company for the year ended december 31, 2017. 2. complete the table to calculate the cost of goods sold for both garcon company and pepper company for the year ended december 31, 2017.

Answers: 2

Answer

Business, 22.06.2019 08:00

Lavage rapide is a canadian company that owns and operates a large automatic car wash facility near montreal. the following table provides data concerning the company’s costs: fixed cost per month cost per car washed cleaning supplies $ 0.70 electricity $ 1,400 $ 0.07 maintenance $ 0.15 wages and salaries $ 4,900 $ 0.30 depreciation $ 8,300 rent $ 1,900 administrative expenses $ 1,400 $ 0.03 for example, electricity costs are $1,400 per month plus $0.07 per car washed. the company expects to wash 8,000 cars in august and to collect an average of $6.50 per car washed. the actual operating results for august appear below. lavage rapide income statement for the month ended august 31 actual cars washed 8,100 revenue $ 54,100 expenses: cleaning supplies 6,100 electricity 1,930 maintenance 1,440 wages and salaries 7,660 depreciation 8,300 rent 2,100 administrative expenses 1,540 total expense 29,070 net operating income $ 25,030 required: calculate the company's revenue and spending variances for august.

Answers: 3

Answer

Business, 22.06.2019 11:00

Abank provides its customers mobile applications that significantly simplify traditional banking activities. for example, a customer can use a smartphone to take a picture of a check and electronically deposit into an account. this unique service demonstrates the bank’s desire to practice which one of porter’s strategies?

Answers: 3

Answer

Business, 22.06.2019 11:20

Ardmore farm and seed has an inventory dilemma. they have been selling a brand of very popular insect spray for the past year. they have never really analyzed the costs incurred from ordering and holding the inventory and currently fave a large stock of the insecticide in the warehouse. they estimate that it costs $25 to place an order, and it costs $0.25 per gallon to hold the spray. the annual requirements total 80,000 gallons for a 365 day year.a. assuming that 10,000 gallons are ordered each time an order is placed, estimate the annual inventory costs.b. calculate the eoq.c. given the eoq calculated in part b., how many orders should be placed and what is the average inventory balance? d. if it takes seven days to receive an order from suppliers, at what inventory level should ardmore place another order?

Answers: 2

Answer

You know the right answer?

An alumni association at a university wants to gather data on the annual earnings of former students...

Questions