Questions
7.29 The mean preparation fee H&R Block charged retail customers last year was $183 (The Wall...

7.29 The mean preparation fee H&R Block charged retail customers last year was $183 (The Wall Street Journal, March 7, 2012). Use this price as the population mean and assume the population standard deviation of preparation fees is $50. Use Excel to compute your answers.

Can you please help using excel I'm not understanding how to make this work with excel.

a. What is the probability that the mean price for a sample of 30 H&R Block retail customers is within $8 of the population mean?

b. What is the probability that the mean price for a sample of 50 H&R Block retail customers is within $8 of the population mean?

c. What is the probability that the mean price for a sample of 100 H&R Block retail customers is within $8 of the population mean?

d. What is the minimum samples size if you want to have at least a .95 probability that the sample mean is within $8 of the population mean?

In: Statistics and Probability

The mean preparation fee H&R Block charged retail customers last year was $183 (the Wall Street...

The mean preparation fee H&R Block charged retail customers last year was $183 (the Wall Street Journal, March 7, 2012). Use this price as the population mean and assume the population standard deviation of preparation fees is $50.

  1. What is the probability that the mean price for a sample of 30 H&R Block retail

    customers is within $8 of the population mean?

  2. What is the probability that the mean price for a sample of 50 H&R Block retail

    customers is within $8 of the population mean?

  3. What is the probability that the mean price for a sample of 100 H&R Block retail

    customers is within $8 of the population mean?

  4. Which, if any, of the sample sizes in parts (a), (b), and (c) would you recommend to

    have at least a .95 probability that the sample mean is within $8 of the population mean?

i need DISTRIBUTION, MEAN, STANDARD DEVIATION, of x-bar for each question 1-3 and  175<xbar<191 please.

In: Statistics and Probability

Consumer Research, Inc., is an independent agency that conducts research on consumer attitudes and behaviors for...

Consumer Research, Inc., is an independent agency that conducts research on consumer attitudes and behaviors for a variety of firms. In one study, a client asked for an investigation of consumer characteristics that can be used to predict the amount charged by credit card users. Data were collected on annual income, household size, and annual credit card charges for a sample of 50 consumers and is shown below:

Income
($1000s)

Household
Size

Amount
Charged ($)

54

3

4,016

30

2

3,159

32

4

5,100

50

5

4,742

31

2

1,864

55

2

4,070

37

1

2,731

40

2

3,348

66

4

4,764

51

3

4,110

25

3

4,208

48

4

4,219

27

1

2,477

33

2

2,514

65

3

4,214

63

4

4,965

42

6

4,412

21

2

2,448

44

1

2,995

37

5

4,171

62

6

5,678

21

3

3,623

55

7

5,301

42

2

3,020

41

7

4,828

54

6

5,573

30

1

2,583

48

2

3,866

34

5

3,586

67

4

5,037

50

2

3,605

67

5

5,345

55

6

5,370

52

2

3,890

62

3

4,705

64

2

4,157

22

3

3,579

29

4

3,890

39

2

2,972

35

1

3,121

39

4

4,183

54

3

3,730

23

6

4,127

27

2

2,921

26

7

4,603

61

2

4,273

30

2

3,067

22

4

3,074

46

5

4,820

66

4

5,149

  1. Develop two simple regression equations
    1. Use annual income as the independent variable and annual credit card charges as the dependent variable
    2. Use household size as the independent variable and annual credit card charges as the dependent variable
    • Which variable is the better predictor of annual credit card charges?
    • Discuss your findings.
  1. Develop an estimated regression equation for annual credit card charges with annual income and household size as the independent variables.
    • Discuss your findings.
    • What is the predicted annual credit card charge for a three-person household withan annual income of $40,000?
  2. Would the inclusion of additional independent variables improve the model? Why? If so, what additional variables would you include?

In: Statistics and Probability

flipping a coin 5 times, with 95 percent chance of being head and 5 percent chance...

flipping a coin 5 times, with 95 percent chance of being head and 5 percent chance of being tail and you win 20 dollars for each head, and loses 20 dollars for each tail. 1)What is the probability of getting one head? 2) two heads? 3) three heads?4) four heads? 5) five heads? 6)What is the probability of getting at least one head? 7) at least two heads?8) at least three heads? 9) at least four heads? 10) find the expected value for question 1,2 and 3.

In: Statistics and Probability

One hundred blood samples were taken from 100 individuals. All of the blood samples were run...

One hundred blood samples were taken from 100 individuals. All of the blood samples were run through two machines to determine if the machines were testing samples appropriately. We expect that both machines should yield similar results. Below are the results of the analysis. Assume there are 100 sample and they are normal. Are the two machines similar? Should we check into whether one machine should be replaced? Show all of your work.

Beckman Machine

Coulter Machine

3.

4.
5. 6.
7. 8.
9. 10.
11. 12.
13. 14.
15. 16.

In: Math

Hayden Inc. has a number of copiers that were bought four years ago for $21,000. Currently...

Hayden Inc. has a number of copiers that were bought four years ago for $21,000. Currently maintenance costs $2,100 a year, but the maintenance agreement expires at the end of two years and thereafter the annual maintenance charge will rise to $8,100. The machines have a current resale value of $8,100, but at the end of year 2 their value will have fallen to $3,600. By the end of year 6 the machines will be valueless and would be scrapped.

Hayden is considering replacing the copiers with new machines that would do essentially the same job. These machines cost $26,000, and the company can take out an eight-year maintenance contract for $1,300 a year. The machines will have no value by the end of the eight years and will be scrapped.

Both machines are depreciated by using seven-year MACRS, and the tax rate is 40%. Assume for simplicity that the inflation rate is zero. The real cost of capital is 8%.

a. Calculate the equivalent annual cost, if the copiers are: (i) replaced now, (ii) replaced two years from now, or (iii) replaced six years from now. (Do not round intermediate calculations. Enter your answers as a positive value rounded to 2 decimal places.)

In: Accounting

maintenance charge will rise to $8,100. The machines have a current resale value of $8,100, but...

maintenance charge will rise to $8,100. The machines have a current resale value of $8,100, but at the end of year 2 their value will have fallen to $3,600. By the end of year 6 the machines will be valueless and would be scrapped.

Hayden is considering replacing the copiers with new machines that would do essentially the same job. These machines cost $26,000, and the company can take out an eight-year maintenance contract for $1,300 a year. The machines will have no value by the end of the eight years and will be scrapped.

Both machines are depreciated by using seven-year MACRS, and the tax rate is 40%. Assume for simplicity that the inflation rate is zero. The real cost of capital is 8%.

a. Calculate the equivalent annual cost, if the copiers are: (i) replaced now, (ii) replaced two years from now, or (iii) replaced six years from now. (Do not round intermediate calculations. Enter your answers as a positive value rounded to 2 decimal places.)

Equivalent Annual Cost
(i) Replaced now $
(ii) Replaced two years from now $
(iii) Replaced six years from now $

b. When should Hayden replace its copiers?

In: Finance

Hayden Inc. has a number of copiers that were bought four years ago for $21,000. Currently...

Hayden Inc. has a number of copiers that were bought four years ago for $21,000. Currently maintenance costs $2,100 a year, but the maintenance agreement expires at the end of two years and thereafter the annual maintenance charge will rise to $8,100. The machines have a current resale value of $8,100, but at the end of year 2 their value will have fallen to $3,600. By the end of year 6 the machines will be valueless and would be scrapped.

Hayden is considering replacing the copiers with new machines that would do essentially the same job. These machines cost $26,000, and the company can take out an eight-year maintenance contract for $1,300 a year. The machines will have no value by the end of the eight years and will be scrapped.

Both machines are depreciated by using seven-year MACRS, and the tax rate is 40%. Assume for simplicity that the inflation rate is zero. The real cost of capital is 8%.

a. Calculate the equivalent annual cost, if the copiers are: (i) replaced now, (ii) replaced two years from now, or (iii) replaced six years from now. (Do not round intermediate calculations. Enter your answers as a positive value rounded to 2 decimal places.)

In: Finance

Arndt, Inc., reported the following for 2018 and 2019 ($ in millions): PLEASE FILL IN THE...

Arndt, Inc., reported the following for 2018 and 2019 ($ in millions):
PLEASE FILL IN THE BLANKS

2018 2019
Revenues $ 995 $ 1,055
Expenses 798 838
Pretax accounting income (income statement) $ 197 $ 217
Taxable income (tax return) $ 185 $ 255
Tax rate: 40%

  1. Expenses each year include $40 million from a two-year casualty insurance policy purchased in 2018 for $80 million. The cost is tax deductible in 2018.
  2. Expenses include $3 million insurance premiums each year for life insurance on key executives.
  3. Arndt sells one-year subscriptions to a weekly journal. Subscription sales collected and taxable in 2018 and 2019 were $38 million and $67 million, respectively. Subscriptions included in 2018 and 2019 financial reporting revenues were $35 million ($13 million collected in 2017 but not recognized as revenue until 2018) and $43 million, respectively. Hint: View this as two temporary differences—one reversing in 2018; one originating in 2018.
  4. 2018 expenses included a $29 million unrealized loss from reducing investments (classified as trading securities) to fair value. The investments were sold in 2019.
  5. During 2017, accounting income included an estimated loss of $7 million from having accrued a loss contingency. The loss was paid in 2018 at which time it is tax deductible.
  6. At January 1, 2018, Arndt had a deferred tax asset of $8 million and no deferred tax liability.

2. Prepare a schedule that reconciles the difference between pretax accounting income and taxable income. Using the schedule, prepare the necessary journal entry to record income taxes for 2018.

Prepare a schedule that reconciles the difference between pretax accounting income and taxable income. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).)

($ in millions) Current Year 2018 Future Taxable Amounts [2019] Future Deductible Amounts [2019]
Pretax accounting income $197 $0 $0
Permanent difference:
Life insurance premiums 3 $0 0
Temporary differences:
Casualty insurance expense (40) 40 0
Subscriptions—2017 (13) 0 0
Subscriptions—2018 0
Unrealized loss 29 0 (29)
Loss contingency (7) 0 0
Taxable income $206
$40 $(29)
Enacted tax rate (%) 40% 40% 40%
Tax payable currently
Deferred tax liability 0
Deferred tax asset 0
Deferred tax liability Deferred tax asset
Ending balances (balances currently needed)
Less: Beginning balances
Changes needed to achieve desired balances $0 $0

In: Accounting

The chart below shows the results of a sample of 10 workers from a large company....

The chart below shows the results of a sample of 10 workers from a large company.

Employee Years of Experience Income (In thousands of dollars)
1 0 20
2 5 30
3 5 40
4 10 30
5 10 50
6 15 50
7 20 60
8 25 50
9 30 70
10 35 60
  • What is the equation of the line of best fit? ( Options: y= 1.16+28x, y=28+1.16x, y=1.16-28x, y+28-1.16x)
  • What can we expect an employee to make if they have 7 years of experience? _____ (Round to the nearest thousand.)
    • This is an example of extrapolation or interpolation
  • The correlation coefficient is _____
  • This means there is a (options: weak negative, a weak positive, a strong negative, a strong positive, no relationship) between variables based on the data from the sample.

In: Statistics and Probability