BONUS Suppose you are interested in knowing the average chol…
BONUS Suppose you are interested in knowing the average cholesterol level of all women between the ages of 21 and 30 who live in College Station. Everyone in a class (75 students) takes a random sample of 50 females in the College Station area between the ages of 21 and 30. Each person calculates the average cholesterol in their sample. Jenna is one of the students in this class and she makes a histogram of the 50 cholesterol levels in her sample. What kind of distribution would be displayed in Jenna’s histogram?
Read DetailsAssume that 4% of people’s blood type is AB+. The Red Cross…
Assume that 4% of people’s blood type is AB+. The Red Cross has 60,000 donors and needs at least 2496 that is AB+. What is the probability that AB+ blood type runs out? (i.e. what is the probability that there will be less than 2496 donors whose blood type is AB+?)
Read DetailsIn 2019, 15.9% of Broadway actors were acting in their first…
In 2019, 15.9% of Broadway actors were acting in their first role on Broadway. Suppose we took a survey of 38 Broadway actors and found that 18.4% of the actors we surveyed were first-timers. What are the mean and standard deviation for the sampling distribution of
Read DetailsAble Corp has a pretax financial income of $100,000. Able h…
Able Corp has a pretax financial income of $100,000. Able has a single difference from the tax return for this year, which is a $40,000 taxable temporary difference. The tax rate is 30%. Any deferred tax asset will require an allowance for 20% of its value. What is net income?
Read DetailsA shoe retailer allows customers to return shoes within 90 d…
A shoe retailer allows customers to return shoes within 90 days of purchase. The company estimates that 5% of sales will be returned within the 90-day period. During the month, the company has sales of $200,000 and returns of sales made in prior months of $5,000. What amount should the company record as net sales revenue for new sales made during the month?
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