A normally distributed population has a mean of 74 and a standard deviation of 14. Determine the probability that a random sample of size 24 has an average between 71 and 80.

Round to four decimal places.

A stock price is $74, and current risk free interest rates are 2%. If the put option with a $100 strike price expires in 6 months, and the call option is trading at $26.25, how would you arb this option?

The American Bankers Association reported that, in a sample of 150 consumer purchases in France, 74 were made with cash, compared with 28 in a sample of 60 consumer purchases in the United States.

Construct a 99 percent confidence interval for the difference in proportions. (Round your intermediate value and final answers to 4 decimal places.)

The 99 percent confidence interval is from to _____ . _____

A random sample is drawn from a population with mean μ = 74 and standard deviation σ = 6.2. [You may find it useful to reference the z table.]

a. Is the sampling distribution of the sample mean with n = 18 and n = 47 normally distributed?

Yes, both the sample means will have a normal distribution.

No, both the sample means will not have a normal distribution.

No, only the sample mean with n = 18 will have a normal distribution.

No, only the sample mean with n = 47 will have a normal distribution.

b. Calculate the probability that the sample mean falls between 74 and 77 for n = 47. (Round intermediate calculations to at least 4 decimal places, “z” value to 2 decimal places, and final answer to 4 decimal places.)

Chapter 19 homework Hide or show questions eBookCalculator Entries and Schedules for Unfinished Jobs and Completed Jobs Tybee Industries Inc. uses a job order cost system. The following data summarize the operations related to production for January, the first month of operations: Materials purchased on account, $3,140. Materials requisitioned and factory labor used: Job Materials Factory Labor 301 $2,490 $2,730 302 3,040 3,690 303 2,020 1,800 304 6,820 6,770 305 4,330 5,160 306 3,160 3,280 For general factory use 850 4,040 Factory overhead costs incurred on account, $4,760. Depreciation of machinery and equipment, $1,940. The factory overhead rate is $35 per machine hour. Machine hours used: Job Machine Hours 301 27 302 40 303 27 304 68 305 24 306 15 Total 201 Jobs completed: 301, 302, 303, and 305. Jobs were shipped and customers were billed as follows: Job 301, $7,400; Job 302, $9,760; Job 303, $13,820. Required: 1. Journalize the entries to record the summarized operations. For a compound transaction, if an amount box does not require an entry, leave it blank. 2. Post the appropriate entries to T accounts for Work in Process and Finished Goods, using the identifying letters as transaction codes. Insert memo account balances as of the end of the month. 3. Prepare a schedule of unfinished jobs to support the balance in the work in process account. 4. Prepare a schedule of completed jobs on hand to support the balance in the finished goods account.

Conduct the hypothesis test and provide the test statistic and the critical​ value, and state the conclusion. A person drilled a hole in a die and filled it with a lead​ weight, then proceeded to roll it 200 times. Here are the observed frequencies for the outcomes of​ 1, 2,​ 3, 4,​ 5, and​ 6, respectively: 27​, 28​, 45​, 41​, 27​, 32. Use a 0.10 significance level to test the claim that the outcomes are not equally likely. Does it appear that the loaded die behaves differently than a fair​ die?

The following information relates to the Wallstrom Company, a publisher of travel and sports periodicals, at the end of December 2017. The company’s accounting period follows a calendar year of January through December.

1. Employees are paid every Friday for the five-day week ending on that day. Salaries amount to $4,000 per week. This year, the company’s current operating year concluded on Tuesday, December 31, 2017.2. A note for $5,000 was received from a customer for a special one time sales transaction on April 1, 2017. The note is due in one year, plus interest at 6%.3. On September 1, 2017, Wallstrom borrowed $25,000 cash by signing a note payable due in one year at 6% interest.4. An insurance premium of $6,000 was paid on March 1, 2017, and was charged to Prepaid Insurance. The premium covers a 24-month period beginning March 1, 2017.5. On June 1, 2017, cash of $54,000 was received from subscribers (customers) for a 36-month subscription period beginning on that date. The receipt was recorded by a debit to Cash and a credit to Unearned Subscription Revenue.6. The Supplies account showed a balance of $5,000 at the beginning of 2017. Supplies costing $16,000 were purchased during 2017 and debited to the asset account supplies. Supplies of $3,000 were still on hand at December 31, 2017.

Required: prepare in journal entry form, the necessary year end December 31, 2017 adjustments based on the information above.

Exercise 15-30 (Algo) Purchase option; lessor; sales-type lease; no selling profit [LO15-2, 15-6]

Universal Leasing leases electronic equipment to a variety of businesses. The company’s primary service is providing alternate financing by acquiring equipment and leasing it to customers under long-term sales-type leases. Universal earns interest under these arrangements at a 9% annual rate.
  
The company leased an electronic typesetting machine it purchased for $49,900 to a local publisher, Desktop Inc., on December 31, 2020. The lease contract specified annual payments of $10,249 beginning January 1, 2021, the beginning of the lease, and each December 31 through 2022 (three-year lease term). The publisher had the option to purchase the machine on December 30, 2023, the end of the lease term, for $28,000 when it was expected to have a residual value of $32,000, a sufficient difference that exercise seems reasonably certain. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.)

Required:
1. Show how Universal calculated the $10,249 annual lease payments for this sales-type lease.
2. Prepare an amortization schedule that describes the pattern of interest revenue for Universal Leasing over the lease term.
3. Prepare the appropriate entries for Universal Leasing from the beginning of the lease through the end of the lease term.