a) A county clerk wants to estimate the proportion of voters who will need special election facilities. Suppose a sample of 400 voters was taken. If 150 need special election facilities, what is the upper confidence limit (UCL) for the 90% confidence interval for the population proportion of voters who will need special election facilities. Round your answer to 3 decimal places.
b) A hotel chain wants to estimate the mean number of rooms rented daily in a given month. The population of rooms rented daily is assumed to be normally distributed for each month with a standard deviation of 240 rooms. During February, a sample of 25 days has a sample mean of 370 rooms.
What is the upper confidence limit (UCL) of the 99% confidence interval for the mean number of rooms rented daily in a given month? Round your answer to the nearest whole number.
In: Statistics and Probability
A New York City daily newspaper called “Manhattan Today” charges an annual subscription fee of $135. Customers prepay their subscriptions and receive 260 issues over the year. To attract more subscribers, the company offered new subscribers the ability to pay $130 for an annual subscription that also would include a coupon to receive a 40% discount on a one-hour ride through Central Park in a horse-drawn carriage. The list price of a carriage ride is $125 per hour. The company estimates that approximately 30% of the coupons will be redeemed.
Required:
1. How much revenue should Manhattan Today recognize upon receipt of the $130 subscription price?
2. How many performance obligations exist in this contract? 3. Prepare the journal entry to recognize sale of 10 new subscriptions, clearly identifying the revenue or deferred revenue associated with each performance obligation.
In: Accounting
In: Accounting
Azzalini and Bowman (1990) analyzed the data of the waiting time (in minutes) of consecutive eruptions of the Old Faithful geyser in Yellowstone National Park. They found that the waiting times can be categorized into two groups in historical data.
-In group 1, waiting time is normally distributed with mean 54 minutes and standard deviation of 2.95.
-In group 2, the waiting time is normally distributed with mean 80 minutes and standard deviation of 7.5.
Suppose that there is a 30% chance that the waiting time is from group 1. They want to simulate the waiting time.
a) Use Excel functions only to simulate the waiting time. Your simulations should contain 500 iterations. you need only to return in one page showing your model and one page displaying the formulas in your model.
b) what is the average waiting time in your simulation?
In: Statistics and Probability
The data below shows the duration of eruption (in seconds) of a geyser in a national park and the height (in feet) of the eruptions for a typical day. Use Excel to find the best fit linear regression equation, where duration of eruption is the explanatory variable. Round the slope and intercept to one decimal place.
Duration Height
240 140
237 154
122 140
267 140
113 160
258 140
232 150
105 150
186 160
248 155
243 125
241 136
214 140
114 155
272 130
227 125
237 125
238 139
203 125
270 140
218 140
226 135
250 141
245 140
120 139
267 110
103 140
270 135
241 140
239 135
Provide your answer below:
y = _x + _
In: Statistics and Probability
Are the measurements Nominal, Ordinal, Interval, or Ratio?
Also, Qualitative, Discrete or Continuous?
(i) What is the temperature that you prefer inside the car (in Fahrenheit)?
(j) Give your customer satisfaction on a scale of 1-10.
In: Statistics and Probability
QUESTIONS: Look at the photos below and listen to the song, "Kenji," featured on the album, The Rising Tied, by Fort Minor, a side project of Linkin Park band member, Mike Shinoda, a Japanese American whose father's family was interned at a relocation camp during World War II. Read the lyrics to "Kenji" while listening to the song, which includes samples of interviews Shinoda conducted with his father and aunt. In an interview with the Metro Silicon Valley, Shinoda said that he played the song for his family before he made it public, noting that his “…uncle, who is a very stoic Japanese guy, cried when he heard the song” (“Summer of ’42”). How do the lyrics of the song convey the negative effects of internment on the psyche of Japanese Americans? Do you think the internment of Japanese Americans during World War II was justified? Why or why not?
In: Economics
Please complete just Form 1040 (you do not need to fill out a Schedule C or Schedule D, but you can use them to calculate numbers to enter into Form 1040) for a client with the following tax situation:
Paul Gigornovich
Address: 123 HillCrest Lane, San Diego, CA 92101
Wage income: $45,000/00
W2 Federal Tax Withholdings: $4,000.00
Net Long Term Stock Sales Gain: $8,000.00
Net Short Term Sock Sale Loss: -$12,000.00
Sole Proprietorship Business
Gross Income: $80,000.00
Expenses:
Interest: $8,000.00
Meals: $400.00
Continuing Education 1 day Program where he had to fly to a different state:
$900 Airfare
$600 Hotel ($300 per night)
$250 Meals (over and above the other $400.00 in meals) ($125 per day)
$350 Opera Tickets
In: Accounting
Some transactions undertaken in 2018 by the country of Moyes
with the rest of the world are shown below. The currency of Moyes
is the Moyes marks-
BM
( i ) A French retail chain has imported 50,000 BM worth of wine
from Moyes. The goods were invoiced in euros.
( ii ) Citizens of Moyes spent 30,000 BM abroad on hotel bills and
20,000 BM on souvenir purchases.
( iii ) A British company sold a radar, worth 10,000 BM to the army
of Moyes. The radar was priced in pound sterling.
( iv ) As part of its portfolio diversification strategy, the
National Pension Fund of Moyes purchased 15,000 BM worth of shares
on the Tokyo Stock Exchange.
( v ) Bino Ltd received 25,000 BM worth of dividends from the
investments it holds in a US company
Required:
Classify in Debit/Credit form, these transactions as sub-components
of the current account or capital/ financial account.
In: Accounting
A New York City daily newspaper called “Manhattan Today” charges an annual subscription fee of $594. Customers prepay their subscriptions and receive 290 issues over the year. To attract more subscribers, the company offered new subscribers the ability to pay $560 for an annual subscription that also would include a coupon to receive a 40% discount on a one-hour ride through Central Park in a horse-drawn carriage. The list price of a carriage ride is $550 per hour. The company estimates that approximately 30% of the coupons will be redeemed.
Required:
How much revenue should Manhattan Today recognize upon receipt of the $560 subscription price?
How many performance obligations exist in this contract?
Prepare the journal entry to recognize sale of 11 new subscriptions, clearly identifying the revenue or deferred revenue associated with each performance obligation.
In: Accounting