55. Best Electronics Inc. offers a “no hassle” returns policy.
The daily number of customers
returning items follows the normal distribution. The mean number of
customers returning
items is 10.3 per day and the standard deviation is 2.25 per
day.
a. For any day, what is the probability that eight or fewer
customers returned items?
b. For any day, what is the probability that the number of
customers returning items is
between 12 and 14?
c. Is there any chance of a day with no customer returns?
I need helping showing this and computing this in excel
In: Statistics and Probability
Consider the two separate samples given in the data set (samplecomparison.xlsx). Answer the questions below. Data listed below.
The range of the first data set is _____ .
The variance of the first data set is ____ . (Round to three decimal places as needed)
The standard deviation of the first data set is _____ . (Round to three decimal places as needed)
The range of the second data set is _____ .
The variance of the second data set is _____ . (Round to three decimal places as needed)
The standard deviation of the second data set is _____ . (Round to three decimal places as needed)
Which data set is most spread out based on these statistics?
Now remove the largest number from each data set and repeat the calculations (samplecomparison.xlsx). Answer the questions below.
The range of the first data set is _____ .
The variance of the first data set is _____ . (Round to three decimal places as needed)
The standard deviation of the first data set is _____ . (Round to three decimal places as needed)
The range of the second data set is _____ .
The variance of the second data set is _____ . (Round to three decimal places as needed)
The standard deviation of the second data set is _____ . (Round to three decimal places as needed)
Compare the results of parts the last three parts. Which statistic seems to be the most affected by the outliers, in terms of change of whole number values?
a. The standard deviation.
b. The variance.
c. The range.
d. There is no difference between the two samples.
Sample comparison data:
| Sample 1 | Sample 2 |
| 11 | 23 |
| 9 | 36 |
| 6 | 25 |
| 14 | 33 |
| 27 | 35 |
| 28 | 40 |
| 19 | 21 |
| 21 | 38 |
| 23 | 35 |
| 129 | 34 |
In: Statistics and Probability
On December 1st a company pays $1,380 to a catering company for the company Christmas party scheduled for mid December 2015. In recording this transaction the December 31st financial statements would reflect:
| a decrease to assets and a decrease to shareholders' equity. |
| a decrease to liabilities and a decrease to shareholders' equity. |
| a decrease to liabilities and an increase to shareholders' equity. |
| a decrease to assets and an increase to shareholders' equity. |
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Question 21 pts
Which of the following is a current asset?
| Land |
| Prepaid rent |
| Accounts payable |
| Two of the other answers are correct |
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Question 31 pts
The net income from the bottom of the statement of income is connected to the statement of financial position (balance sheet) through which of the following accounts?
| Retained earnings |
| Total assets |
| None of the other answers is correct. There is no connection between a company's statement of income and statement of financial position. |
| Share capital |
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Question 41 pts
Which of the following is an operating activity for a department store?
| All of the other answers are correct - all are operating activities. |
| Paying wages to store employees. |
| Paying for newspaper advertisements to publicise a 'Back to School' sale. |
| Selling goods to customers. |
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Question 51 pts
If a company is at the end of its first year of operations, which of the following is/are true?
| Retained earnings = Net income - Dividends declared |
| Assets - Liabilities = Shareholders' Equity |
| Assets = Liabilities + Shareholders' Equity |
| All of the other answers are correct. |
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Question 61 pts
A public company issues a share to Investor A in exchange for cash of $10. One year later the company's shares are trading on the stock exchange at a market price of $15 per share. Which of the following statements is true?
| Investor A has an overall increase in wealth of $15. |
| Investor A has an overall increase in wealth of $5. |
| Both the company and Investor A have an overall increase in wealth of $5. |
| The company has an overall increase in wealth of $15. |
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Question 71 pts
The two primary sources of funds to finance a company's expansion are:
| Creditors and investors. |
| Customers and shareholders. |
| Investors and shareholders. |
| Customers and creditors. |
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Question 81 pts
A company collects cash from a customer that had purchased goods on account three months earlier. In recording the cash collection there would be
| a decrease to Assets (Accounts receivable) and an increase to Shareholders' Equity (Sales revenue). |
| an increase to Assets (Cash) and a decrease to Shareholders' Equity (Sales revenue). |
| an increase to Assets (Cash) and a decrease to Assets (Accounts receivable). |
| an increase to Assets (Cash) and an increase to Assets (Accounts receivable). |
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Question 91 pts
Which of the following best describes an asset?
| An economic sacrifice made to earn revenue. |
| An investment that owners have made in the business. |
| Something that has been purchased and paid for by an entity. |
| An economic resource that provides future benefit. |
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Question 101 pts
Material information is information that would impact the decision of a financial statement user. Materiality is most closely related to:
| Faithful representation |
| Relevance |
| Understandability |
| Verifiability |
In: Accounting
How much variance in grades is explained by artistic sensitivity? Show how you derived your answer
| students | AS | G |
| 1 | 8 | 81 |
| 2 | 9 | 97 |
| 3 | 8 | 72 |
| 4 | 7 | 79 |
| 5 | 6 | 70 |
| 6 | 4 | 60 |
| 7 | 6 | 81 |
| 8 | 7 | 87 |
| 9 | 6 | 77 |
| 10 | 0 | 85 |
| 11 | 6 | 64 |
| 12 | 7 | 91 |
| 13 | 8 | 75 |
| 14 | 7 | 73 |
| 15 | 7 | 76 |
| 16 | 8 | 83 |
| 17 | 8 | 83 |
| 18 | 2 | 55 |
| 19 | 8 | 92 |
| 20 | 9 | 92 |
| 21 | 8 | 90 |
| 22 | 7 | 62 |
| 23 | 9 | 85 |
| 24 | 7 | 57 |
| 25 | 5 | 82 |
| 26 | 9 | 91 |
| 27 | 8 | 69 |
| 28 | 5 | 66 |
| 29 | 9 | 88 |
| 30 | 8 | 74 |
In: Statistics and Probability
Scoresby Inc. tracks the number of units purchased and sold throughout each year but applies its inventory costing method at the end of the year, as if it uses a periodic inventory system. Assume its accounting records provided the following information at the end of the annual accounting period, December 31.
| Transactions | Units | Unit Cost | |||||||||||||||||||||
| a. Inventory, Beginning | 1,500 | $ | 26 | ||||||||||||||||||||
| For the year: | |||||||||||||||||||||||
| b. Purchase, March 5 | 7,500 | 27 | |||||||||||||||||||||
| c. Purchase, September 19 | 3,500 | 29 | |||||||||||||||||||||
| d. Sale, April 15 (sold for $71 per unit) | 2,300 | ||||||||||||||||||||||
| e. Sale, October 31 (sold for $74 per unit) | 6,500 | ||||||||||||||||||||||
| f. Operating expenses (excluding income tax expense), $402,000 | |||||||||||||||||||||||
|
Compute the cost of ending inventory and cost of goods sold under (a) FIFO, (b) LIFO, and (c) weighted average cost.
|
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In: Accounting
A recent survey conducted by a foundation reported that 74% of teens admitted to texting while driving. A random sample of 42 teens is selected. Use the normal approximation to the binomial distribution to answer parts a through e.
a. Calculate the mean and standard deviation for this distribution.
The mean is _________.
(Round to four decimal places as needed.)
The standard deviation is ___________.
b. What is the probability that more than 36 of the 42 teens admit to texting while driving?
The probability is __________..
(Round to four decimal places as needed.)
c. What is the probability that exactly 24 of the 42 teens admit to texting while driving?
The probability is _____________.
(Round to four decimal places as needed.)
d. What is the probability that 27, 28, or 29 of the 42 teens admit to texting while driving?
The probability is ___________.
(Round to four decimal places as needed.)
e. What is the probability that fewer than 32 of the 42
teens admit to texting while driving?
The probability is ___________.
(Round to four decimal places as needed.)
In: Statistics and Probability
Scoresby Inc. tracks the number of units purchased and sold throughout each year but applies its inventory costing method at the end of the year, as if it uses a periodic inventory system. Assume its accounting records provided the following information at the end of the annual accounting period, December 31.
| Transactions | Units | Unit Cost | ||||||||||||||||||||||||||||||||||||||||||||
| a. Inventory, Beginning | 1,500 | $ | 26 | |||||||||||||||||||||||||||||||||||||||||||
| For the year: | ||||||||||||||||||||||||||||||||||||||||||||||
| b. Purchase, March 5 | 7,500 | 27 | ||||||||||||||||||||||||||||||||||||||||||||
| c. Purchase, September 19 | 3,500 | 29 | ||||||||||||||||||||||||||||||||||||||||||||
| d. Sale, April 15 (sold for $71 per unit) | 2,300 | |||||||||||||||||||||||||||||||||||||||||||||
| e. Sale, October 31 (sold for $74 per unit) | 6,500 | |||||||||||||||||||||||||||||||||||||||||||||
|
f. Operating expenses (excluding income tax expense), $402,000 Prepare an income statement that shows the FIFO method, LIFO method and weighted average method.
|
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In: Accounting
PrimeFlix sells one-year online subscriptions for viewing classic movies. Customers are required to pay for the subscription at the beginning of the subscription period. On April 1, 2021, total sales of one-year subscriptions are $12,000. What is the adjusted balance of Deferred Revenue on December 31, 2021?
$9,000.
$3,000.
$0.
$12,000.
In: Accounting
Step 4:
What percent of the variation in corn yield is explained by these two variables? Give your answers to 2 decimal places and do not include units in your answers.
Percent explained by the model = %
Step 5:
Using the regression equation, find a point estimate for the corn yield for 2014 Assume that the soy bean yield for that year is 42.
Point Estimate = (Give your answer to 1 decimal place.)
ID Year CornYield SoyBeanYield 1 1957 48.3 23.2 2 1958 52.8 24.2 3 1959 53.1 23.5 4 1960 54.7 23.5 5 1961 62.4 25.1 6 1962 64.7 24.2 7 1963 67.9 24.4 8 1964 62.9 22.8 9 1965 74.1 24.5 10 1966 73.1 25.4 11 1967 80.1 24.5 12 1968 79.5 26.7 13 1969 85.9 27.4 14 1970 72.4 26.7 15 1971 88.1 27.5 16 1972 97 27.8 17 1973 91.3 27.8 18 1974 71.9 23.7 19 1975 86.4 28.9 20 1976 88 26.1 21 1977 90.8 30.6 22 1978 101 29.4 23 1979 109.5 32.1 24 1980 91 26.5 25 1981 108.9 30.1 26 1982 113.2 31.5 27 1983 81.1 26.2 28 1984 106.7 28.1 29 1985 118 34.1 30 1986 119.4 33.3 31 1987 119.8 33.9 32 1988 84.6 27.0 33 1989 116.3 32.3 34 1990 118.5 34.1 35 1991 108.6 34.2 36 1992 131.5 37.6 37 1993 100.7 32.6 38 1994 138.6 41.4 39 1995 113.5 35.3 40 1996 127.1 37.6 41 1997 126.7 38.9 42 1998 134.4 38.9 43 1999 133.8 36.6 44 2000 136.9 38.1 45 2001 138.2 39.6 46 2002 129.3 38.0 47 2003 142.2 33.9 48 2004 160.3 42.2 49 2005 147.9 43.1 50 2006 149.1 42.9 51 2007 150.7 41.7 52 2008 153.9 39.7 53 2009 164.7 44.0 54 2010 152.8 43.5 55 2011 147.2 41.9 56 2012 123.4 39.8 57 2013 158.8 43.3
In: Statistics and Probability
ID Year
CornYield SoyBeanYield
1 1957
48.3 23.2
2 1958
52.8 24.2
3 1959
53.1 23.5
4 1960
54.7 23.5
5 1961
62.4 25.1
6 1962
64.7 24.2
7 1963
67.9 24.4
8 1964
62.9 22.8
9 1965
74.1 24.5
10 1966
73.1 25.4
11 1967
80.1 24.5
12 1968
79.5 26.7
13 1969
85.9 27.4
14 1970
72.4 26.7
15 1971
88.1 27.5
16 1972
97 27.8
17 1973
91.3 27.8
18 1974
71.9 23.7
19 1975
86.4 28.9
20 1976
88 26.1
21 1977
90.8 30.6
22 1978
101 29.4
23 1979
109.5 32.1
24 1980
91 26.5
25 1981
108.9 30.1
26 1982
113.2 31.5
27 1983
81.1 26.2
28 1984
106.7 28.1
29 1985
118 34.1
30 1986
119.4 33.3
31 1987
119.8 33.9
32 1988
84.6 27.0
33 1989
116.3 32.3
34 1990
118.5 34.1
35 1991
108.6 34.2
36 1992
131.5 37.6
37 1993
100.7 32.6
38 1994
138.6 41.4
39 1995
113.5 35.3
40 1996
127.1 37.6
41 1997
126.7 38.9
42 1998
134.4 38.9
43 1999
133.8 36.6
44 2000
136.9 38.1
45 2001
138.2 39.6
46 2002
129.3 38.0
47 2003
142.2 33.9
48 2004
160.3 42.2
49 2005
147.9 43.1
50 2006
149.1 42.9
51 2007
150.7 41.7
Use both predictors. From the previous two exercises, we conclude that year and soybean may be useful together in a model for predicting corn yield. Run this multiple regression.
a) Explain the results of the ANOVA F test. Give the null and alternate hypothesis, test statistic with degrees of freedom, and p-value. What do you conclude?
b) What percent of the variation in corn yield in explained by these two variables? Compare it with the percent explained in the previous simple linear regression models.
c) State the regression model. Why do the coefficients for year and soybean differ from those in the previous exercises?
d) Summarize the significance test results for the regression coefficients for year and soybean yield.
e) Give a 95% confidence interval for each of these coefficients.
f) Plot the residual versus year and soybean yield. What do you conclude?
In: Math