Scenario 2:
Randy and Samantha are shopping for new cars (one each). Randy expects to pay $15,000 with 1/5 probability and $20,000 with 4/5 probability. Samantha expects to pay $12,000 with 1/4 probability and $20,000 with 3/4 probability. Refer to Scenario 2. Which of the following is true?
A. Randy and Samantha have the same expected expense for the car: $20,000.
B. Randy has a higher expected expense than Samantha for the car.
C. Randy has a lower expected expense than Samantha for the car.
D. Randy and Samantha have the same expected expense for the car, and it is somewhat less than $20,000
E. It is not possible to calculate the expected expense for the car until the true probabilities are known.
In: Economics
Scenario. A health psychologist conducted a study of the relation of number of hours exercised each week (as the predictor variable) and number of days sick per year. The results for four individuals studied were as follows.
DATA
|
Weekly Exercise Hours |
Sick Days Per Year |
|
5 |
6 |
|
4 |
7 |
|
0 |
10 |
|
8 |
5 |
|
10 |
3 |
|
2 |
4 |
|
1 |
8 |
1.The scale of measurement for the ONE variable is ___________.
Select from Nominal, Ordinal, Interval, Ratio
2.The scale of measurement for the OTHER variable is ___________.
Select from Nominal, Ordinal, Interval, Ratio
3,Are the results of this study statistically significant? _________
4.How would you write the results in a writeup? ____________________________
5. Show how the results are likely to be graphed
In: Statistics and Probability
4) In a titration of a 100.0mL 1.00M HA weak acid solution with 1.00M NaOH, what is the pH of the solution after the addition of 49.5 mL of NaOH? Ka = 1.80 x 10-5 for HA. (3 significant figures)
**Remember to calculate the equivalence volume and think about in which region along the titration curve the volume of base falls, region 1, 2, 3, or 4**
5) In a titration of a 100.0mL 1.00M HCl strong acid solution with 1.00M NaOH, what is the pH of the solution after the addition of 30.9 mL of NaOH? (3 significant figures)
**Remember to calculate the equivalence volume and think about in which region along the titration curve the volume of base falls, region 1, 2, 3, or 4**
In: Chemistry
In solving the following problem :
The local bank pays 4% interest on savings deposits. In a nearby town, the bank pays 1% per quarter. A man who has $3000 to deposit wonders whether the higher interest paid in the nearby town justifies driving there.
1. How much will the man receive after 2 years if he used the local bank? The answer is closest to:
|
$3123 |
||
|
$3246 |
||
|
$3060 |
||
|
$3186 |
Q2)
What sum of money now is equivalent to $8250 two years hence, if interest is 4% per 6-month period? The answer is closest to:
Hint : 4% per 6 month means semi annual periods so the n does not equal 2 anymore !
|
$8,923 |
||
|
$7,052 |
||
|
$8,580 |
||
|
$9,651 |
In: Economics
The mean cost of domestic airfares in the United States rose to an all-time high of $385 per ticket. Airfares were based on the total ticket value, which consisted of the price charged by the airlines plus any additional taxes and fees. Assume domestic airfares are normally distributed with a standard deviation of $105. Use Table 1 in Appendix B.
a. What is the probability that a domestic airfare is $560 or more (to 4 decimals)?
b. What is the probability that a domestic airfare is $250 or less (to 4 decimals)?
c. What if the probability that a domestic airfare is between $300 and $470 (to 4 decimals)?
d. What is the cost for the 2% highest domestic airfares? (rounded to nearest dollar) $ or Select your answer 1. More 2. Less
In: Math
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In: Accounting
Skysong Company’s record of transactions concerning part X for the month of April was as follows.
|
Purchases |
Sales |
||||||||
| April 1 | (balance on hand) | 250 | @ | $5.60 | April 5 | 450 | |||
| 4 | 550 | @ | 5.70 | 12 | 350 | ||||
| 11 | 450 | @ | 5.90 | 27 | 1,100 | ||||
| 18 | 350 | @ | 6.00 | 28 | 150 | ||||
| 26 | 750 | @ | 6.30 | ||||||
| 30 | 350 | @ | 6.50 | ||||||
Calculate average-cost per unit. Assume that perpetual inventory records are kept in units only. (Round answer to 4 decimal places, e.g. 2.7682.)
| Average-cost per unit |
$ |
Compute the inventory at April 30 on each of the following
bases. Assume that perpetual inventory records are kept in units
only. (1) First-in, first-out (FIFO). (2) Last-in, first-out
(LIFO). (3) Average-cost. (Round final answers to 0
decimal places, e.g. 6,548.)
|
(1) |
(2) |
(3) |
||||
| Ending Inventory |
$ |
$ |
$ |
If the perpetual inventory record is kept in dollars, and costs
are computed at the time of each withdrawal, what amount would be
shown as ending inventory under (1) FIFO, (2) LIFO and (3)
Average-cost? (Round average cost per unit to 4 decimal
places, e.g. 2.7621 and final answers to 0 decimal places, e.g.
6,548.)
|
(1) |
(2) |
(3) |
||||
| Ending Inventory |
$ |
$ |
$ |
In: Accounting
Use the information provided below, for Siyeza Traders for the
financial year ended
28 February 20.8, to answer questions 1 to 3.
Siyeza Traders is an enterprise that sell motor vehicles in the
ordinary course of business at a
mark-up of 45% on cost. During the current financial period, Siyeza
Traders sold eight motor
vehicles for a cash price of R80 000 each (15% VAT inclusive).
Round your answer off to the
nearest Rand.
1. Income earned from the sale of motor vehicles will be classified
under ... in the statement
of profit or loss and other comprehensive income.
(1) Other income
(2) Profit on sale of motor vehicle
(3) Revenue
(4) Gains
(5) Finance income
2. Income earned from the sale of motor vehicles will be disclosed
in the statement of profit
or loss and other comprehensive income as an amount of … .
(1) R640 000
(2) R441 379
(3) R544 000
(4) R556 520
(5) R352 000
3. Which of the following statement is correct?
(1) VAT on cash sales will be debited to the VAT output
account.
(2) VAT on cash sales will be debited to the VAT input
account.
(3) VAT on cash sales will be credited to the VAT output
account.
(4) VAT on cash sales will be credited to the VAT input
account.
(5) VAT output account will be transferred to the debit side of the
VAT control account.
In: Finance
Oriole Company’s record of transactions concerning part X for the month of April was as follows.
|
Purchases |
Sales |
||||||||
| April 1 | (balance on hand) | 390 | @ | $7.00 | April 5 | 590 | |||
| 4 | 690 | @ | 7.10 | 12 | 490 | ||||
| 11 | 590 | @ | 7.40 | 27 | 1,380 | ||||
| 18 | 490 | @ | 7.50 | 28 | 150 | ||||
| 26 | 890 | @ | 7.80 | ||||||
| 30 | 490 | @ | 8.10 | ||||||
Calculate average-cost per unit. Assume that perpetual inventory records are kept in units only. (Round answer to 4 decimal places, e.g. 2.7682.)
| Average-cost per unit |
$ |
eTextbook and Media
Compute the inventory at April 30 on each of the following bases. Assume that perpetual inventory records are kept in units only. (1) First-in, first-out (FIFO). (2) Last-in, first-out (LIFO). (3) Average-cost. (Round final answers to 0 decimal places, e.g. 6,548.)
|
(1) |
(2) |
(3) |
||||
| Ending Inventory |
$ |
$ |
$ |
eTextbook and Media
If the perpetual inventory record is kept in dollars, and costs are computed at the time of each withdrawal, what amount would be shown as ending inventory under (1) FIFO, (2) LIFO and (3) Average-cost? (Round average cost per unit to 4 decimal places, e.g. 2.7621 and final answers to 0 decimal places, e.g. 6,548.)
|
(1) |
(2) |
(3) |
||||
| Ending Inventory |
$ |
In: Accounting
The Hunicut and Hallock Corporation makes two versions of the same basic file cabinet, the TOL (Top-of-the-line) five drawer file cabinet and the HQ (High-quality) five drawer filing cabinet. You are reviewing the MRP for the HQ file cabinet. The HQ file cabinet is made up of five drawers with each drawer requiring two bearings, one on each side. Complete the Materials Requirements Plan (MRP) below in order to answer the questions in the quiz.
| HQ | 1 | 2 | 3 | 4 | |
| Gross Requirements | 50 | 0 | 100 | 20 | |
| Scheduled Receipts | 50 | ||||
| Projected Available Balance | 22 On-hand |
||||
| Net Requirements | |||||
| Planned Order Receipt | |||||
| Planned Order Release | |||||
Lead Time = 1 period; Safety-stock = 10; Lot-size = multiples of 50
| Drawers | 1 | 2 | 3 | 4 | |
| Gross Requirements | |||||
| Scheduled Receipts | 300 | 200 | |||
| Projected Available Balance | 35 On-hand |
||||
| Net Requirements | |||||
| Planned Order Receipt | |||||
| Planned Order Release | |||||
Lead Time = 1 period; Safety-stock = 15; Lot-size = multiples of 100
| Bearings | 1 | 2 | 3 | 4 | |
| Gross Requirements | 100 | ||||
| Scheduled Receipts | 595 | ||||
| Projected Available Balance | 20 On-hand |
||||
| Net Requirements | |||||
| Planned Order Receipt | |||||
| Planned Order Release | |||||
Lead Time = 2 periods; Safety-stock = 10; Lot-size ≥ 450
In: Operations Management