Population standard deviation

Assignment Help Financial Management
Reference no: EM13880589

The manager of a grocery store has taken a random sample of 100 customers. The average length of time it took the customers in the sample to check out was 3.1 minutes. The population standard deviation is known to be 0.5 minutes. We want to test to determine whether or not the mean waiting time of all customers is significantly more than 3 minutes. Refer to Exhibit 9-1. At a .05 level of significance, it can be concluded that the mean of the population is a. significantly greater than 3 b. not significantly greater than 3 c. significantly less than 3 d. significantly greater then 3.18

Reference no: EM13880589

Questions Cloud

What is the net present value of a project : What is the net present value of a project that has an initial cost of $89,000 and produces cash inflows of $21,000 a year for 7 years if the discount rate is 11.5 percent?
Standard deviation of the minimum variance portfolio : What is the expected return and standard deviation of the minimum variance portfolio of the two, if Stock A has a 15% expected return and Stock B has a 20% expected return, and the correlation coefficient is 0.3?
Investment has an initial cost-internal rate of return : An investment has an initial cost of $1.87 million and a life of 5 years. The annual cash flows from this equipment are estimated to be $548,200, $565,500, $516,900, $528,000 and $234,000. Should this project be accepted based on internal rate of ret..
What is the operating cash flow for first year of project : The Sports Club wants to expand its facility. The expansion will require $350,000 in building improvements that will be depreciated on a straight-line basis over a 10-year period. The expanded area is expected to generate $250,000 in additional sales..
Population standard deviation : The manager of a grocery store has taken a random sample of 100 customers. The average length of time it took the customers in the sample to check out was 3.1 minutes. The population standard deviation is known to be 0.5 minutes.
Chance that interest rates will increase : Start with the partial model in the file Ch18 P08 Build a Model.xls on the textbook’s Web site. Schumann Shoe Manufacturer is considering whether or not to refund a $70 million, 10% coupon, 30-year bond issue that was sold 8 years ago. Neither they n..
Sale in receivables or the days sales outstanding : A company has net income of $218,000 a profit margin of 8.70% and an accounts receivables balance of $132,850. What is the company’s days sale in receivables or the days sales outstanding?
Determine the volatility of the stock : Assume Black-Scholes-Determine the volatility of the stock
Compute the p-value-alue of the test statistic : Which of the following does not need to be known in order to compute the p-value? a. knowledge of whether the test is one-tailed or two-tailed b. the value of the test statistic c. the level of significance d. All of these are needed.

Reviews

Write a Review

Financial Management Questions & Answers

  Attend college full-time at a cost

Susan is trying to decide whether or not to attend college during the next 12-week session.

  What is the value of net working capital

A company has total asset of $ 31300 and long term debt of $8600, net fixed asset is $19300 and owners equity of $21100 what is the value of net working capital.

  What is the average amount of receivables

Snider Industries sells on terms of 3/10, net 20. Total sales for the year are $1,487,500. Thirty percent of the customers pay on the 10th day and take discounts; the other 70% pay, on average, 38 days after their purchases. What are the day’s sales ..

  What is the traditional gold standard

What is the traditional gold standard, how does it differ from our current monetary system, and how does it work to resolve trade imbalances? Give an example. What are the advantages to being on a gold standard and what are the drawbacks?   What is t..

  Calculating the weighted average cost of capital

When calculating the weighted average cost of capital, weights are based on

  Analysts expect future dividends to grow

Michigan Co. just paid a dividend of $2.00 per share. Analysts expect future dividends to grow at 20% per year for the next four years and then grow at 6% per year thereafter. Calculate the expected dividend in year 5.

  What do you suggest as a cost-effective approach

What do you suggest as a cost-effective approach to capital budgeting analysis when a project contains real options

  About the huge cash reserves the companies accumulate

Shareholders of some companies occasionally complain about the huge cash reserves the companies accumulate. And, sometimes (Wal-Mart in 2007, Apple in 2013) firms indeed satisfy investor concerns and announce plans to distribute substantial portions ..

  Calculate the sample size

Determine the sample size needed to detect an increase of 5 points. Let alpha = 0.02 and beta = 0.05. Calculate the sample size

  What is her annualized holding period rate of return

Seven months ago, Ms. Investor purchased 400 shares of stock on margin at a price per share of $36. The initial margin requirement on her account is 70 percent and the maintenance margin is 40 percent.  What is her annualized holding period rate of r..

  Premium for financial risk

Ethier Enterprise has an unlevered beta of 1.3. Ethier is financed with 35% debt and has a levered beta of 1.5. If the risk free rate is 6.5% and the market risk premium is 5%, how much is the additional premium that Ethier's shareholders require to ..

  Business environment has changed

The business environment has changed in the past ten years. What are some factors in the current environment causing businesses to change and how is it affecting the way they use cost management? How does this impact their competitive strategies?

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