A marketing researcher wants to estimate the mean amount spent​ ($) on a certain retail website by members of the​ website's premium program. A random sample of 99 members of the​ website's premium program who recently made a purchase on the website yielded a mean of ​$1900 and a standard deviation of ​$200. Complete parts​ (a) and​ (b) below.

a. Construct a 95​% confidence interval estimate for the mean spending for all shoppers who are members of the​ website's premium program.

_____≤μ≤______

​(Round to two decimal places as​ needed.)

b. Interpret the interval constructed in​ (a).

Choose the correct answer below.

A. With 95​% confidence, the mean spending in dollars for all shoppers who are members of the​ website's premium program is between the lower and upper limits of the confidence interval.

B. 95​% of all shoppers who are members of the​ website's premium program have spent an amount in dollars that is between the lower and upper limits of the confidence interval.

C.The sample mean spending in 95​% of all samples of 99 members of the​ website's premium program will be between the lower and upper limits of the confidence interval.

D.There is a 95​% probability that mean spending in dollars for all shoppers who are members of the​ website's premium program is between the lower and upper limits of the confidence interval.

1) Which of the following is NOT an automatic stabilizer?

a) Unemployment insurance benefits

b) Public assistance

c) A supply-side tax cut

d) Food stamps

2) In general, we could say that

a) conservative economists favor a larger economic role for government and liberals favor a smaller role.

b) both liberals and conservatives favor a larger economic role for government.

c) liberal economists favor a larger economic role for government and conservatives favor a smaller role.

d) liberals and conservatives favor a smaller economic role for government.

3) To finance a government deficit,

a) government expenditures are lowered.

b) the government runs a budget surplus.

c) taxes are lowered.

d) money is borrowed.

4) To close a recessionary gap the policy should be to

a) raise G and raise taxes.

b) lower G and lower taxes.

c) lower G and raise taxes.

d) raise G and lower taxes.

5) When there is an inflationary gap there is

a) too much spending and taxes should be raised.

b) too much spending and taxes should be lowered.

c) too little spending and taxes should be raised.

d) too little spending and taxes should be lowered.

Answer the following questions using the data given below. Moviegoer Spending on Snacks (n = 10) Age (X) ($) Spent (Y) 30 6.85 50 10.50 34 5.50 12 10.35 37 10.20 33 10.75 36 7.60 26 10.10 18 12.35 46 8.35 Use Excel to make a scatter plot of the data. Select the data points, right-click, select Add Trendline, select the Options tab, and choose Display equation on chart and Display R-squared value on chart. Picture Click here for the Excel Data File (a) Choose the right option. An increase in age leads to an average increase in spending. An increase in age leads to an average decrease in spending. (b) Choose the correct statement. The intercept is meaningful because one could spend money on snacks even if very young. The intercept is not meaningful in this case because age wouldn’t be zero. (c) Calculate R2. (Round your answer to 4 decimal places.) R2 (d) The percentage of variation in spending that is explained by a moviegoer’s age is %. (Round your answer to 2 decimal places.) (e) Age of the consumer has a great impact on the amount spent. Yes No

Rip Tide Company manufactures surfboards. Its standard cost information follows:

Rip Tide has the following actual results for the month of June:

Required:
1. Calculate the direct materials price, quantity, and total spending variances for Rip Tide.

2. Calculate the direct labor rate, efficiency, and total spending variances for Rip Tide.

3. Calculate the variable overhead rate, efficiency, and total spending variances for Rip Tide.

4. Calculate the fixed overhead spending (budget) and volume variances for Rip Tide.

1) explain the effect of expansionary domestic monetary policy in a country with flexible exchange rates. explain the linkages as the money moves through the economy and has its effects on the capital and current accounts as well as on domestic spending. Is the monetary policy enhanced or made weaker by the flexible exchange rate? explain

2)   explain the effect of expansionary fiscal policy in a country with flexible exchange rates. explain the linkages as the changes move through the economy and have their effects on the capital and current accounts as well as on domestic spending. Is the fiscal policy enhanced or made weaker by the flexible exchange rate? explain

3)   explain the effect of expansionary domestic monetary policy in a country with fixed exchange rates. explain the linkages as the money moves through the economy and has its effects on the capital and current accounts as well as on domestic spending. Is the monetary policy enhanced or made weaker by the fixed exchange rate? explain

4)  explain the effect of expansionary domestic fiscal policy in a country with fixed exchange rates. explain the linkages as the changes move through the economy and have their effects on the capital and current accounts as well as on domestic spending. Is the fiscal policy enhanced or made weaker by the fixed exchange rate? explain

a. Suppose a revolution in Iran results in a significant reduction in the world’s supply of oil.

Instructions: Drag the appropriate line in the correct direction to show the short-run effect on the AD/AS model.

This will:

reduce output and raise the price level.

increase output and raise the price level.

increase output and lower the price level.

reduce output and lower the price level.

b. Suppose the government takes no action to help the economy.     

    Eventually, the price level  (Click to select)  decreases or increases or returns to its initial value  and output  (Click to select)  increases or decreases or returns to its initial value

    
c. Suppose, instead, the government decides to take action to help the economy because they are worried about a high level of unemployment.

You can recommend:

cutting taxes and/or raising spending.

raising taxes and/or raising spending.

cutting taxes and/or cutting spending.

raising taxes and/or cutting spending.

doing nothing.

d. If the U.S. government makes the appropriate policy response, what happens to the price level and output in the long run.

    In the long run, the price level  (Click to select)  increases or decreases or returns to its initial value  and output  (Click to select)  returns to its initial value  or decreases or increases.

A Deputy Chancellor for Student Affairs from a small tertiary institution was concerned about student spending on internet costs during the study period from home since the Covid-19 outbreak. He wanted to find out whether student spending on the Social Sciences group was more than student spending on the Science and Technology family. As a quick and preliminary study, he collected samples of 9 students from the Science and Technology family and 11 students from the Social Sciences family. The following table contains expenses for student internet during April 2020 (in $. 000):

Note: Spending on the internet is purely for learning from home, which is calculated based on an increase from the previous month's expenditure.

Question:
1. Explain whether you can or cannot use the normal distribution approach in the above case?
2. Perform testing by showing formal steps in testing hypotheses (design hypotheses, decision rules (critical values), test statistics, and conclusions) at α = 0.05.

BEFORE YOU ANSWER THIS QUESTION, PLEASE READ:

I HAVE ALREADY POSTED THIS QUESTION MULTIPLE TIMES, AND I NEED HELP WITH THE JOURNAL ENTRIES. PLEASE INCLUDE THEM IN THE ANSWER. THANK YOU

Overhead Variances, Four-Variance Analysis, Journal Entries

Laughlin, Inc., uses a standard costing system. The predetermined overhead rates are calculated using practical capacity. Practical capacity for a year is defined as 1,000,000 units requiring 200,000 standard direct labor hours. Budgeted overhead for the year is $750,000, of which $300,000 is fixed overhead. During the year, 900,000 units were produced using 190,000 direct labor hours. Actual annual overhead costs totaled $800,000, of which $294,700 is fixed overhead.

Required:

1. Calculate the fixed overhead spending and volume variances.

2. Calculate the variable overhead spending and efficiency variances.

3. Prepare the journal entries that reflect the following:

1. Assignment of overhead to production
2. Recognition of the incurrence of actual overhead
3. Recognition of overhead variances
4. Closing out overhead variances, assuming they are not material

Southside Pizzeria wants to improve its ability to manage the ingredient costs associated with making and selling its pizzas. For the month of June, the company plans to make 1,000 pizzas. It has created a planning budget that includes a cost formula for mozzarella cheese of $2.40 per pizza. At the end of June, Southside actually sold 1,100 pizzas and the actual cost of the cheese that it used during the month was $2,632.

Required:

1. What is the mozzarella cheese activity variance for June?

2. What is the mozzarella cheese spending variance for June?

3. Assume that the company establishes a price standard of $0.30 per ounce for mozzarella cheese and a quantity standard of eight ounces of cheese per pizza. Also, assume that Southside actually used 9,400 ounces of cheese during the month to make 1,100 pizzas.

a. What is the materials price variance for mozzarella cheese for June?

b. What is the materials quantity variance for mozzarella cheese for June?

c. What is the materials spending variance for mozzarella cheese for June?

UK Services, LLC uses a process costing system. Raw materials are combined at the start of the process and blended and heated under pressure for a specific amount of time. The following information has been gathered from the 1^st quarter of 2020:

UK Services completed 93,000 gallons during the month. The process engineer informs you that the WIP was 30% complete at the beginning of the period and ending WIP is at 80% complete.

Required:
Prepare the Process Costing Report with the following items highlighted:

1. I/O Reconciliation
2. Costs of input
3. Equivalent units of production
4. Cost per equivalent unit of production (use 4 decimal places)
5. Cost of finished goods transferred out and cost of ending work-in-process inventory (use 0 decimal places)