The Acme Company manufactures widgets. The distribution of widget weights is bell-shaped. The widget weights have a mean of 49 ounces and a standard deviation of 7 ounces. Use the Empirical Rule and a sketch of the normal distribution in order to answer these questions.
a) 68% of the widget weights lie between ___ and ____
b) What percentage of the widget weights lie between 28 and 56
ounces? %
c) What percentage of the widget weights lie above 35 ? %
In: Math
In: Accounting
For bone density scores that are normally distributed with a mean of 0 and a standard deviation of 1, find the percentage of scores that are
a. significantly high (or at least 2 standard deviations above the mean).
b. significantly low (or at least 2 standard deviations below the mean).
c. not significant (or less than 2 standard deviations away from the mean).
In: Statistics and Probability
A shop owner increased the selling price of a shirt from $20 to $26. By what percentage was the price increased?
In: Math
American Express and other credit card issuers must by law print the Annual Percentage Rate (APR) on their monthly statements. If the APR is stated to be 14.25%, with interest paid monthly, what is the card's EFF%?
In: Finance
Why is a debt/equity ratio usually between 0.5 to 2.5 but the debt/equity percentage much, much higher like 384% for example with Lumen Technologies?
In: Finance
Assume Julian has a choice between two deposit accounts. Account A has an annual percentage rate of 7.55 percent but with interest compounded quarterly. Account B has an annual percentage rate of 7.50 percent with interest compounded daily. Which account provides the highest effective annual return?
Account A
Account B
Both provide the same effective annual return.
We don't have sufficient information to make a choice.
In: Finance
Given the following information, what is the percentage capital gain/loss between today and period 1? Calculate your answer to two decimal places (e.g., 2.51) If there is a loss indicate this by using a negative number (e.g., -4.29) Today’s Dividend = $2.67 Expected Growth rate in dividends = 4.42 Discount Rate (Required return) = 7.34
In: Finance
how do we calculate the percentage of calories?
can a amdr from protein exceed over 100%?
In: Nursing
Innovative Tech Inc. (ITI) has been using the percentage of credit sales method to estimate bad debts. During November, ITI sold services on account for $110,000 and estimated that 1/4 of 1 percent of those sales would be uncollectible. Required: Prepare the November adjusting entry for bad debts. Starting in December, ITI switched to using the aging method. At its December 31 year-end, total Accounts Receivable is $94,400, aged as follows:
(1) 1–30 days old, $79,000;
(2) 31–90 days old, $11,000; and (3) more than 90 days old, $4,400.
The average rate of uncollectibility for each age group is estimated to be
(1) 11 percent,
(2) 22 percent, and (3) 44 percent, respectively.
Prepare a schedule to estimate an appropriate year-end balance for the Allowance for Doubtful Accounts. Before the end-of-year adjusting entry is made, the Allowance for Doubtful Accounts has a $1,800 credit balance at December 31. Prepare the December 31 adjusting entry. Show how the various accounts related to accounts receivable should be shown on the December 31 balance sheet.
In: Accounting