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 Journal, March 7, 2012). Use this price as the population mean and assume the population standard deviation of preparation fees is $50.
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?
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?
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?
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 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 |
Household |
Amount |
|
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 |
In: Statistics and Probability
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 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 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 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 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 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% | |||||||
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: Accounting
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 |
In: Statistics and Probability