User Account

All Pages

Rule of thumb to estimate the standard deviation

Assignment Help Accounting Basics
Reference no: EM13927310

1) Cigarette Taxes The increases (in cents) in cigarette taxes for 17 states in a 6-month period are 60, 20, 40, 40, 45, 12, 34, 51, 30, 70, 42, 31, 69, 32, 8, 18, 50
Use the range rule of thumb to estimate the standard deviation. Compare the estimate to the actual standard deviation.
Source: Federation of Tax Administrators.

Range = 70 - 8 = 62
Estimated Standard Deviation = 62 / 4 = 15.5
When computed in Excel the actual standard deviation = 18.231
Therefore the estimate standard deviation is less than the actual standard deviation.

2) Stories in the Tallest Buildings The number of stories in the 13 tallest buildings for two different cities is listed below. Which set of data is more variable?
Houston: 75, 71, 64, 56, 53, 55, 47, 55, 52, 50, 50, 50, 47
Pittsburgh: 64, 54, 40, 32, 46, 44, 42, 41, 40, 40, 34, 32, 30
Source: World Almanac.

Reference no: EM13927310

Questions Cloud

Identify cultural and personal attitudes about death : Evaluate how individuals can promote health and wellness into late adulthood and mitigate the negative effects of aging.
Discuss the key facts and critical issues presented in case : In a narrative format, discuss the key facts and critical issues presented in the case. Minimum word count is 500 words. What did the prosecution build their case upon and what evidence supported their theory against James Earl Ray
Write essay on constructing and administrating questionaire : Write a 750-1000 word essay on constructing and administrating a questionaire and its practical application in descriptive research. Include your opinion, backed by scholarly articles, about the strengths and weaknesses of this kind of research. I..
Idea for non-violent civil protests : Where did the leaders of the civil rights movement get the idea for non-violent civil protests? Why did they embrace this tactic?
Rule of thumb to estimate the standard deviation : Use the range rule of thumb to estimate the standard deviation. Compare the estimate to the actual standard deviation. Source: Federation of Tax Administrators.
Main components of company business model : Consider a local business whose services you frequently use. What are the main components of this company's business model?
Solve a linear system of equations : Solves a linear system of equations using naïve Gaussian elimination - You can use the ‘backslash' Matlab operator for solving the systems of equations.
What is probability that jenkins will incur operating losses : What is the probability that Jenkins will incur operating losses? What is the probability that Jenkins will operate above its breakeven point?
Why doesnt the earth overheat : Every day, tremendous amounts of the sun's energy strikes the earth. Why doesn't the earth overheat?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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