Assume 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?
Read DetailsYou may use 1 piece of scratch paper. The paper must be bla…
You may use 1 piece of scratch paper. The paper must be blank at the beginning of the exam. Show both sides of the paper to the screen at the beginning of the exam. You can use a calculator, but no phone, camera, or other recording device — except HonorLock. You may not consult with other people or other sources. You may not talk about the exam with anyone before, during, or after the exam. I sometimes use *.jpg in stems and responses. If pictures do not show up for you then here are two possibilities: 1. A simple reload of the page: control-R or command-R on macs 2. Or, control-shift-R (or command-shift-R on macs Click on “I agree” if you agree to the honor code. “As a Mississippi State University student I will conduct myself with honor and integrity at all times. I will not lie, cheat, or steal, nor will I accept the actions of those who do.”
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