Author Archives: winged_envoy

A random sample of 93 observations produced a mean

1. A random sample of 93 observations produced a mean x=25.5 and a standard deviation sequals=2.4. a. Find a​ 95% confidence interval for μ. b. Find a​ 90% confidence interval for μ. c. Find a​ 99% confidence interval for μ. … Continue reading

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A survey conducted at a mid western university and involving 1,500

A survey conducted at a mid western university and involving 1,500 students found that 68% had taken out a student loan to help pay for the cost of their college education. A similar study at a southeastern university in which … Continue reading

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Pearson Architectural Design uses a job-order costing system and applies

Pearson Architectural Design uses a job-order costing system and applies studio overhead to jobs on the basis of direct staff costs. Because Pearson Architectural Design is a service firm, the names of the accounts it uses are different from the … Continue reading

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A major difference between a monopolist and a perfectly

1. A major difference between a monopolist and a perfectly competitive firm is that a. the monopolist is certain to earn economic profits. b. the monopolist’s marginal revenue curve lies below its demand curve. c. the monopolist engages in marginal … Continue reading

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The Stern Report seeks to discount $6 trillion of annual benefits occurring

Question 1 The Stern Report seeks to discount $6 trillion of annual benefits occurring 100 years from now. If these are discounted at a rate of 4 percent, the present discounted value of the benefits will be approximately: $828.2 billion. … Continue reading

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The success of a federally funded, locally administered manpower program

The success of a federally funded, locally administered manpower program was measured by the proportion of clients who moved from subsidized employment into unsubsidized (private sector) employment and remained there for a certain length of time. A random sample of … Continue reading

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According to the Center for Disease Control website, in 2011

According to the Center for Disease Control website, in 2011 not less than 18% of high school students have smoked a cigarette. An Introduction to Statistics class in Davies County, KY conducted a hypothesis test at the local high school … Continue reading

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Jim D’Addario of the well-known guitar and bass string factory D’Addario

Jim D’Addario of the well-known guitar and bass string factory D’Addario Strings in Long Island, NY, is considering two new designs for more efficient and higher quality machines (the company has won many manufacturing and product patents in the field). … Continue reading

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The trial balance of CX Trading as at 31 December 20×5 showed

The trial balance of CX Trading as at 31 December 20×5 showed a difference which was posted to a suspense account. Drafted financial statements for the year ended 31 December 20×5 were prepared showing a net profit of $23,120. The … Continue reading

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On January 1, 2016, Alpha Company purchased equipment for $16,000

On January 1, 2016, Alpha Company purchased equipment for $16,000 with an estimated 10-year life and no salvage value. It was determined that the straight-line method of depreciation would be used. Alpha has a December 31 fiscal year end. During … Continue reading

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