Find a approximate confidence interval for population mean

Assignment Help Financial Accounting
Reference no: EM132746302

Problem 1: A random sample of 70 observations from a normally distributed population produced a mean of x=26.2 and a standard deviation of s= 4.1. Find a approximate 99% confidence interval for the population mean, u.

a) 26.4 + .156
b) 28.3 + .155
c) 26.2 + .1.26
d) 25.1 + .169

Reference no: EM132746302

Questions Cloud

Prepare the journal entry for the dismantling of the depot : On January 1, 2017, MEGA Company purchased an oil tanker depot at a cost of P6,000,000. The entity is expected to operate the depot for 5 years after which.
Provide an effective method may use to negotiate timeframe : Provide an effective method may use to negotiate an acceptable timeframe with the credit representatives to implement these new software processes.
Calculate the percent change in costs : Novak, the partner in charge of a small accounting firm, has launched a kaizen costing program to reduce office support costs. Calculate the percent change
How could the company avoid making the same mistakes again : A company finished a job late and delivered late to its client. The Client was also dissatisfied with the Job causing chaos, confusion and recrimination.
Find a approximate confidence interval for population mean : distributed population produced a mean of x=26.2 and a standard deviation of s= 4.1. Find a approximate 99% confidence interval for the population mean, u.
What amount would abc show as bad debt expense : Assuming ABC Corporation uses the "Percentage of Credit Sales" method to estimate bad debt and that DEF expects 1% of credit sales to result in bad debts.
How much debt must the company add or subtract to achieve : How much debt must the company add or subtract to achieve the target debt ratio. Proton's assets are $745,000, and its total debt outstanding is $185,000.
Business plans guide business decisions and actions : Business plans guide business decisions and actions. Have you been involved in a business planning process?
Ethical implication of a hands-off system : Explain ONE (1) ethical implication of a hands-off system that provides no government intervention to those in economic need.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Analyze the effect of an exogenous increase in the interest

Describe and graphically analyze the effect of an exogenous increase in the interest rate on present wealth of borrowers and lenders

  Use dining room servers and room service attendants

Some hotels use dining room servers and room service attendants interchangeably. What kind of special training would a room service attendant need to become an efficient dining room server and vice-versa? Explain your reasoning.

  Investment account includes an investment in common stock

The following is a December 31, 2016, post-closing trial balance for Almway Corporation. Account Title Debits Credits Cash 45,000 Investments 110,000 Accounts receivable 60,000 Inventories 200,000 Prepaid insurance 9,000 Land 90,000. The investment a..

  What is the sensitivity of the npv to changes in quantity

The new clubs will also require an increase in net working capital. What is the sensitivity of the NPV to changes in the quantity of the new clubs sold?

  Eliminated all existing inventory of cosmetic items

In October 2013, Nicole eliminated all existing inventory of cosmetic items. The trouble of ordering and tracking each product line had exceeded the profits earned. In December, a supplier asked her to sell a prepackaged spa kit. Feeling she could ma..

  Prepare the operating section only of the statement of cash

Can a company have positive income and negative cash flows? Can a company have negative income and positive cash flows? Why?

  How to record each transaction in journal entry worksheet

How to record each transaction in the Journal entry worksheet? Power Drive Corporation designs and produces a line of golf equipment and golf apparel.

  Role of the computer in graphing the scatter diagramshow

role of the computer in graphing the scatter diagram.show the role of the computer in graphing the scatter

  What is the maximum investable funds that the firm expects

What is the largest cash deficit that the firm expects to suffer in the next year? What is the maximum investable funds that the firm expects?

  Calculate the working capital and current ratio

Calculate the working capital and current ratio at each balance sheet date. Round your current ratio answers to two decimal places. Working Capital = Current Assets less Current Liabilities.

  Compute the present value of a deposit in year

Compute the present value of a $4,800 deposit in year 3, and another $4,300 deposit at the end of year 6 using an 9 percent interest rate.

  At what sales volume would the two stores have equal profits

Carslberg has fixed costs of $250,000 per month and a contribution margin ratio of 35%. Tuborg has fixed costs of $400,000 per month and a contribution margin ratio of 65%. At what sales volume would the two stores have equal profits?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd