User Account

All Pages

Find standard deviation of the distribution

Assignment Help Business Economics
Reference no: EM133079624

Dick Hoover, owner of Modern Office Equipment, is concerned about freight costs and clerical costs incurred on small orders. In an effort to reduce expenditures in this area, he has decided to introduce a discount policy rewarding orders over $40 in the hope that this will cause customers to consolidate a number of small orders into large orders. The following data show the amount per transaction for a sample of 28 customers:

10,15,20,25,15,17,41,50,5,9,12,14,35,18,19,17,28,29,11,11,43,54,7,8,16,13,37,18.

If the policy is successful, will the standard deviation of the distribution increase, decrease, or remain unaffected? WHY? EXPLAIN?

Reference no: EM133079624

Questions Cloud

Why gdp is expected to grow : 1: Economic growth is a long-run issue. Discuss your (or a person's) personal long-run issue. Note that there is no right or wrong answer, but you have to demon
Competency development for framing consideration : Why is digital photography taken as an example of competency development for framing consideration?
What is the NPV for the optimistic scenario : A 6-year project has sales of 2,000 units, + or - 4%. The variable cost per unit is $8, and the fixed costs are $9,800. What is the NPV for optimistic scenario
How education and training can prepare students : Evaluate using three journal articles how education and training can prepare students to live in Society 5.0
Find standard deviation of the distribution : Dick Hoover, owner of Modern Office Equipment, is concerned about freight costs and clerical costs incurred on small orders. In an effort to reduce expenditures
Mercantilism-absolute advantage-comparative advantage : How do these theories help you better understand the different aspects of global trade?
Calculate the total amount of income tax : Calculate the total amount of income tax and import duties paid to the Australian and Chinese government if part 126 is sold to ABC limited
Aspects of the human services professional : Regression analysis was used to investigate the relationship between burnout and aspects of the human services professional's job and job related behavior.
Financial accounting objectives of islamic banks : In preparing the financial accounting objectives of Islamic banks and financial institutions, several approaches are used in their preparation.

Reviews

Write a Review

Business Economics Questions & Answers

  Two countries that appear to be culturally diverse

Choose any two countries that appear to be culturally diverse. Compare and contrast the cultures of those countries and then indicate how cultural differences influence (a) the costs of doing business in each country and (b) business practices.

  Investment affect economic and social development

Please explain how trade and investment affect economic and social development. Provide an example of a country that had economic and social development from trade and investment. Explain and discuss Theory of Absolute Advantage. How does it differ f..

  Annual equivalent cost as a positive number

Assume that machine B will be available in the future at the same costs. Enter the Annual Equivalent Cost as a positive number of the preferred machine.

  Determine the price she will charge the island

Explain in detail how the monopoly ferry operator in Onus will determine the price she will charge the island residents for ferry service

  What is the company atcf that year

Company C recorded the following the past year: revenues = $250,000; expenses = $40,000; depreciation = $30,000; effective income tax rate = 35%.

  Efficiency of the tax

Explain how these two proposals differ in terms of the efficiency of the tax and who would end up paying the tax.

  Assume the current equilibrium price of cheese pizza

Assume the current equilibrium price of cheese pizza is $10 also 10 million pizzas are sold every month. After the federal government imposes

  Estimate the mean cholesterol levels of patients

You wish to estimate the mean cholesterol levels of patients two days after they had a heart attack.

  What are the advantages of using the time horizons

What are the advantages of using the time horizons time cones vs. timelines?

  What is the present worth for each estimated value

A new engineer is evaluating whether to use a higher voltage transmission line. It will cost $250,000 more initially, but it will reduce transmission losses. The optimistic, most likely, and pessimistic projections for annual savings are $20,000, $15..

  Perceptions of global economic governance

How did the GFC change perceptions of global economic governance? What problems did it reveal in the system as a whole?

  Why is spare capacity so important in the multiplier model

In the context of economics. Why is spare capacity so important in the multiplier model?

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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