observed value or test statistic of t = 0.05
As per the given data.
sample mean=147
sample standard deviation=29
sample size=27
a) Null and alternate Hypothesis,
mean≥157
mean<157
test statistic t=(147-157)/(29/sqrt27)
= -1.7917766
t-critical [ use excel function T.INV.2T (0.05,26)]
p-value=0.0424(from t table for p value)
range=0.01<p value<0.05
since p value is less than level of significance 0.05, we reject the null hypothesis.
Conclusion:
The manager's claim is false.
The type 1 error would occur if the mean waiters earning from tips was grater or equal to $157 but we concluded that it was (greater than or equal to) less than $157.
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In aconcentrated retail system, a fewretailers supply most of the marketIn afragmented retail systemthere aremany retailers, no one of which has amajor share of the marketDeveloped countries tend to have greaterretail concentration, while developingcountries are more fragmented
In a concentrated retail system, D.A few retailers supply most of the market
What is the concentrated retail systemConcentrated retail systems are when few big companies have a lot of power and resources, and people know them well.
In a fragmented retail system, there are many small retailers and none of them have a big share of the market. When there are many small retailers in a market without one dominating, it's called a fragmented retail system. Some shops may focus on specific types of customers or sell in certain areas.
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In a concentrated retail system,
A.There are many retailers who have a major share of the market
B.There are many retailers, no one of which has a major share of the market
C.A few retailers supply a small segment of the market
D.A few retailers supply most of the market
A marketing manager has discovered that relevant, internal secondary data don't exist to support a decision process. The next step the manager should take is to
Answer: Look for external sources for the relevant data
Explanation:
To get some process accomplished in some firms, you might not really have all information available to you when carrying out the task, some which you thought to help might not be capable to carrying out the task. One fo the best thing to do is to source for information outside the information you received for the project to complete the task you have at hand. As the manager, you have to source for external information to complete the task.
What is one method that helps control online fraud? O A. Deleting odd emails before reading B. Reporting odd emails to police • C. Reporting odd emails as spam • D. Signing into email in many locations
Answer: C. Reporting odd emails as spam
Explanation:
Jessica has just opened a shoe store. To operate her business, she orders her
shoes from a company. That company receives the shoes from a local
designer. What role does Jessica play in the distribution channel?
A. Jessica is a producer.
оо
B. Jessica is a wholesaler.
C. Jessica is a retailer.
O
D. Jessica is a storage provider.
Answer:
The answer is C
Explanation: Brainiest Would help! :D
Answer:
Answer: C Jessica is a retailer
Explanation:
RETAILERS are responsible for making goods convenient for consumers
to buy.
If you own a business that purchases other people's merchandise and sells
it in your shop you are known as a RETAILER.
Wayfair Co. Reported the following results from the sale of 5,500 tables in May: sales $300,000, variable costs $165,000, fixed costs $85,000, and net income $50,000. Assume that Wayfair increases the selling price of tables by 10% on June 1. How much sales are needed by Wayfair to break even?.
Wayfair Co's sales needed to break even are 2,833 tables and $170,000.
Data and Calculations:
Number of tables sold in May = 5,500
Sales revenue in May = $300,000
Fixed costs = $85,000
Net income = $50,000
Selling price per table in May = $54.55 ($300,000/5,500)
Total variable costs = $165,000
Variable cost per unit = $30.00 ($165,000/5,500)
New selling price per table in June = $60 ($54.55 x 1.1)
Contribution margin per table = $30 ($60 - $30)
Contribution margin ratio = 50% ($30/$60 x 100)
Break-even Sales (Units) = Fixed Costs/Contribution Margin
= 2,833 ($85,000/$30) tables
Break-even Sales ($) = $170,000 ($85,000/50%)
Thus, the sales needed to break even are 2,833 tables and $170,000.
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why is 4pex learning so hard
because the person who made it likes to make people mad/sad
1. What is the difference between the consumer market and the business market?
Answer:
Business markets refer to organizations, businesses, or entities that acquire products and services for use in the production of other services and products. On the other hand, consumer markets refer to markets where producers sell their products or services directly to the final consumers.
Explanation:
Compare and contrast the principal characteristics of a market economy with those of a command economy
Answer: Market economy utilizes private ownership as means of production, while in a command economy, governments own the factors of production such as capital, land and resources.
Explanation:
Market economy; is an economic system where decisions regarding investment, production and distribution are controlled by the price signals created by forces of supply and demand.
Demand economy; is an economic system where the consumers desire to buy goods and services and their willingness to pay a particular price for them. An increase in the process of a good or service will decrease the quantity demanded
Market economy utilizes private ownership as means of production, while in a command economy, governments own the factors of production such as capital, land and resources.
milk should ______ (keep) in a fridge.
The purpose of diversity training is to help employees __________ their biases.
a. ignore
b. hide
c. become aware of
d. eliminate
e. expand
The purpose of diversity training is to help employees become aware of their biases.
Option c) "become aware of" is the correct answer. Diversity training aims to educate employees about various aspects of diversity, including race, ethnicity, gender, age, religion, sexual orientation, and more.
By providing education and awareness, diversity training helps individuals recognize and understand their own biases, stereotypes, and prejudices that they may hold unconsciously. It encourages employees to examine their beliefs and attitudes and fosters an inclusive and respectful work environment.
Options a) "ignore" and b) "hide" are not accurate because diversity training aims to address biases rather than ignore or hide them. Option d) "eliminate" is partially correct, as the goal is to minimize and mitigate biases, but complete elimination may not be entirely feasible. Option e) "expand" is not applicable as it does not capture the purpose of diversity training related to biases.
Therefore, the most appropriate answer is c) become aware of.
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Which kind of transfer might be appropriate if there is a backlog if incoming calls in the queue?A. Hot TransferB. Quick TransferC. Cold TransferD. Warm Transfer...
If there is a backlog of incoming calls in the queue, a quick transfer may be the most appropriate transfer method. This allows the caller to be transferred to the appropriate agent or department without delay, which can help reduce the wait time and clear the backlog in the queue.
A hot transfer may also be appropriate in some cases, but it involves transferring the caller directly to a live agent without first placing them in the queue, which may not be feasible if there is a large backlog. Cold and warm transfers are typically not appropriate in situations where there is a backlog, as they involve placing the caller on hold or transferring them to a voicemail system, which can further increase the wait time.
An appropriate transfer for a situation with a backlog of incoming calls in the queue would be a Warm Transfer (D). This allows for a brief consultation between the transferring agent and the receiving agent, ensuring a smooth handoff and maintaining efficiency in handling the high volume of calls.
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A company makes travel umbrellas. Its fixed costs are $1000 a week and its variable costs for one batch of umbrellas are $500 for every 2000 units. The company ships 10,000 units a week. What is the break-even price for a week's worth of umbrellas?
Answer:
the break even price is $0.35
Explanation:
The computation of the break even price is shown below"
= (Variable cost + fixed cost) ÷ (Number of units sold)
= ($500 ÷ 2,000 ×10,000 + $1,000) ÷ (10,000 units)
= ($2,500 + $1,000) ÷ (10,000 units)
= $0.35
hence, the break even price is $0.35
We simply applied the above formula so that the correct value could come
And, the same is to be considered
2.
Why do people run a business?
Answer:
to make money
Explanation:
whats the meaning of oligopoly and monopoly market structure
Answer:
Oligopoly is a market structure with a small number of firms, none of which can keep the others from having significant influence, whereas monopoly is one firm, a duopoly is two firms and an oligopoly is two or more firms.
Explanation:
got it from class with help from investopida
What do you mean by ECONOMIC
Answer:
Economics is a social science concerned with the production, distribution, and consumption of goods and services.
Pablo runs a small car washing business in his neighborhood on the weekends. This
past weekend, Pablo earned $284. Prior to opening his car wash, he needed to stock
up on soap, sponges, and towels which cost him $46. He also had his son help him
with the car washing and paid him $25 for his help. What was Pablo's net income for
this past weekend?
Steps:
Select two news headlines, one from each column. You will create one graph to show a change in demand and one graph to show a change in supply.
Demand (TRIBE)
Select one:
"As more Americans hold on to older vehicles longer, oil and tire change service shops see boom in profits."
"Influencers claim orange juice cured their insomnia; claim leaves doctors scratching their heads and store cases looking bare."
"U.S. birthrate continues to drop, signaling a colicky future for makers of baby products."
Select one: Supply (ROTTEN)
"Semiconductor chip shortage woes: automobile manufacturers warn of delays in production and higher prices."
"Safer, faster milk for less: dairy leaders describe improved production process."
"Social media campaigns increase shelter adoptions; breeders report giving up the puppy business."
Draw your graphs. Draw a basic market graph for each headline you chose. You should have two graphs, where each focuses on one product market. Title eac
h graph with the market for the product affected in your news headline, such as "Market for Orange Juice." In each graph, label the axes, curves, equilibrium price "Pe," and equilibrium quantity "Qe."
Note: The headlines you chose might reference or imply more than one good or service. However, you will interpret the impact on just one product market for each headline. As long as your graphs are reasonable for your chosen headlines, your work should be acceptable.
Add the shift in each graph. Draw a new curve on each of your graphs to reflect the shift in either supply or demand. Label it D1 or S1, accordingly. Label the new equilibrium price P1 and the new equilibrium quantity Q1. Add arrows to show the direction of the changes in the curve, price, and quantity.
Explain the outcomes. In a complete paragraph for each graph, explain how your graph illustrates the news event. Describe what changed and why. Include the one element of either TRIBE or ROTTEN that best explains
the shift. Describe how this led to the market outcomes for equilibrium price and quantity. You will have two paragraphs, one for each graph.
Submit your work. This includes your graph images and two typed paragraph explanations.
Answer:"As more Americans hold on to older vehicles longer, oil and tire change service shops see boom in profits."
"Influencers claim orange juice cured their insomnia; claim leaves doctors scratching their heads and store cases looking bare."
Explanation:
The demand for orange juice rises due to influencers' claims, leading to an increase in price and quantity demanded in the market. On the other hand, the supply of semiconductor chips decreases due to a shortage, leading to a rise in price and a decrease in quantity supplied in the market.
Explanation:For the demand side, let's consider the headline: 'Influencers claim orange juice cured their insomnia; claim leaves doctors scratching their heads and store cases looking bare.' This suggests a rise in the popularity of orange juice due to the influencers' claim. We expect this to increase the demand for orange juice. In the demand graph titled 'Market for Orange Juice', the demand curve shifts to the right from D to D1, indicating an increase in demand. The new equilibrium price (P1) and quantity (Q1) are higher than the initial equilibrium price (Pe) and quantity (Qe). This is an example of a change due to TRIBE (Tastes), as the taste and preferences of consumers have shifted due to the influencers' claim. For the supply side, consider the headline: 'Semiconductor chip shortage woes: automobile manufacturers warn of delays in production and higher prices.' This suggests a decrease in the supply of semiconductor chips. In the supply graph titled 'Market for Semiconductor Chips', the supply curve shifts to the left from S to S1, indicating a decrease in supply. The new equilibrium price (P1) is higher, and the new equilibrium quantity (Q1) is lower than the initial equilibrium price (Pe) and quantity (Qe). This is an example of change due to ROTTEN (Resources), as resources (semiconductor chips) have become scarcer.
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Many products. such as candy. soft drinks. and gum are sold via intensive distribution. However. this strategy has a major drawback. What is it?A) High distribution costsB) Limited market coverageC) Low customer satisfactionD) Difficulty in finding suitable retailersE) Decreased brand awareness
The major drawback of the intensive distribution strategy is limited market coverage. So, correct option is B.
While this strategy aims to make the product available in as many retail outlets as possible, it may not necessarily reach all potential customers or market segments.
This is because not all retailers may be interested in carrying the product or have the shelf space available to do so. In addition, some customers may prefer to shop at specialized retailers or online, which may not be part of the intensive distribution network.
Furthermore, the high number of retailers and distribution channels involved in an intensive distribution strategy can also lead to high distribution costs.
This is because manufacturers may need to use intermediaries such as wholesalers or distributors to reach all retailers, which can increase the overall costs of distribution.
Despite these drawbacks, intensive distribution can be an effective strategy for products that have mass appeal and are purchased frequently by consumers.
So, correct option is B.
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Brenda opens a pool and spa store in a lively shopping mall and finds business to be booming, but she often stocks out of key items customers want. She decides to experiment with inventory control methods such as using a fixed order quantity (FQS) and/or fixed order period (FPS) systems. The 28-ounce bottle of Super Algaecide (SA) is a high margin stock keeping unit (SKU), but it stocks out frequently. Ten SA bottles come in each box, and she orders boxes from a vendor 160 miles away. Brenda is busy running the store and seldom has time to review store inventory status and order the right quantity at the right time. She collects the following data with respect to these SA sales.
Demand = 10 boxes per week Store operates 50 weeks/year
Order cost = $40/order Lead time = 3 weeks
Item cost = $80/box Std. deviation in weekly demand = 6
Inventory-holding cost = 15% per year Service level = 95% (Z=1.645)
A. The Economic Order Quantity (EOQ) rounded to the next highest number is:
B. The reorder point point for Super Algaecide (SA) With safety Stock rounded to the next highest number is:
The Economic Order Quantity (EOQ) rounded to the next highest number is approximately 186 boxes. The reorder point for Super Algaecide (SA) with safety stock rounded to the next highest number is approximately 40 boxes.
A. The Economic Order Quantity (EOQ) rounded to the next highest number is:
The Economic Order Quantity (EOQ) is a formula used to determine the optimal order quantity that minimizes total inventory costs. The formula for EOQ is:
EOQ = sqrt((2 * Demand * Order cost) / Holding cost per unit)
Given the following information:
Demand = 10 boxes per week
Order cost = $40/order
Inventory-holding cost = 15% per year
Item cost = $80/box
First, we need to convert the holding cost per year to the holding cost per unit per week:
Holding cost per unit per week = (Holding cost per unit * Item cost) / (52 weeks/year)
Holding cost per unit per week = (0.15 * 80) / 52 ≈ 0.2308
Now, we can calculate the EOQ:
EOQ = sqrt((2 * 10 * 40) / 0.2308)
= sqrt(8000 / 0.2308)
≈ sqrt(34622.776)
Rounding up to the next highest number, the Economic Order Quantity (EOQ) is approximately 186.
B. The reorder point for Super Algaecide (SA) with safety stock rounded to the next highest number is:
The reorder point is the inventory level at which a new order should be placed to replenish the stock. It is calculated using the following formula:
Reorder point = (Demand per week * Lead time in weeks) + Safety stock
Given the following information:
Demand per week = 10 boxes
Lead time = 3 weeks
Service level = 95% (Z = 1.645)
Standard deviation in weekly demand = 6
Safety stock = (Z * Standard deviation in weekly demand)
Safety stock = (1.645 * 6)
= 9.87 (rounded to 9)
Reorder point = (10 * 3) + 9
= 39
Rounding up to the next highest number, the reorder point for Super Algaecide (SA) with safety stock is approximately 40 boxes.
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2. If a school's total cost of attendance is $23,000 and your EFC is $5,000, how much need-based aid could you qualify for?
Answer:
$28,000 or $18,000
Explanation:
BOB OS THE BEST PERSON IN THE WORLD
If your COA is $10,000 and your EFC is $5,000, for example, you cannot get more need-based assistance than $5,000.
Your Expected Family Contribution (EFC), an index number, will determine your eligibility for federal student financial aid.
Describe EFC?Your Expected Family Contribution (EFC), an index number, will determine your eligibility for federal student financial aid.This amount was calculated using the information you provided on your Free Application for Federal Student Aid (FAFSA) form.According to the government, your EFC should be higher the more you can afford to pay for college.If one's EFC score is high, they will be eligible for less need-based federal financial aid for college.Your EFC is determined using a method that takes into consideration the family's benefits, assets, and both taxable and untaxable income.Learn more about EFC refer to:
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Which of the following is part of the cost of goods or services sold for a company that paints people's homes?
A. Paint
B. Flyers to promote the company
C. A van to travel to people's homes
D. Fuel for the van
Answer:
A. Paint
Explanation:
Paint is a part of the cost of goods or services sold for a company that paints people's homes. Thus, the correct option is A). Paint.
What is the cost of goods sold?COGS stands for the Cost of Goods Sold. Cost of goods sold refers to the direct costs of producing the goods sold by a company. It is the total amount or cost that is incurred in the production of the goods. The sum of amount that a business paid as a cost directly related to the sale of products, is known as COGS.
Cost of goods sold is the total carrying value of goods sold during a particular period. This amount mainly includes the cost of the material, labor, machinery etc. that are directly used to create the good. It also includes the indirect cost such as marketing cost, distribution cost, sales cost etc.
Basically, cost of goods sold can be calculated by the given formula i.e. COGS = the starting inventory + purchases – ending inventory.
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what is transactions amount
Answer:
Transaction Amount means the total amount due to the state for any goods, service or license or anything else of value.
you are preparing a cost estimate for a building based on its location, purpose, number of square feet, and other characteristics. what cost estimating technique are you using?
The cost estimating technique that you are using to prepare a cost estimate for a building based on its location, purpose, number of square feet, and other characteristics is known as parametric estimating.
Parametric estimating involves using historical data and statistical relationships to estimate costs based on specific project parameters. In this case, you would analyze data from similar building projects to identify cost patterns and correlations with factors such as location, purpose, and square footage. By quantifying these relationships, you can develop formulas or models that can be applied to estimate the cost of the building you are working on.
For example, you might find that buildings in a certain location tend to have higher construction costs due to labor or material expenses. Or you might determine that the purpose of the building, such as a hospital versus an office building, affects the cost per square foot. By incorporating these factors into your estimate, you can provide a more accurate cost projection.
In summary, by using parametric estimating, you can leverage historical data and statistical relationships to estimate the cost of a building based on its location, purpose, number of square feet, and other relevant characteristics.
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how much money does an employee working for a salary of 50,000 per year get paid each month
Arnold buys a backhoe from Big Dig Equipment Inc. Arnold is unaware that Credit Collection Company holds a lien against the backhoe when he buys it. If Credit Collection repossesses the backhoe, Arnold can
Answer:
recover from Big Dig for breach of warranty.
Explanation:
I. The given instance Arnold makes a purchase of a backhoe from Big Dog Equipment, being unaware that Credit collection company is holding a lien on the equipment.
A lien is the ability of a entity to take ownership of a property pending when a debt is repaid.
The backhoe was sold without disclosing this to Arnold. So he can recover from Big Daddy because false information about the product was provided at the time of purchase
The months-of-supply for an item in inventory will always be ______ the days-of-supply for the identical item.
It can be deduced that the months-of-supply for an item will be less than the days-of-supply.
What is supply?Supply simply means the quantity of goods and services that a supplier or producer is willing to sell at a particular time and a given price.
The months-of-supply for an item in inventory will always be less than the days-of-supply for the identical item.
In conclusion, the correct option is less than.
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What are capital gains on an investment?
Capital gains are profits on an investment. whilst you sell investments at a higher price than what you paid for them, the capital gains are "found out" and you will owe taxes on the amount of profit.
Capital gain and different investment earnings range based on the source of the profit. Capital gains are the returns earned while an investment is bought for more than its purchase price. Funding earnings is take advantage of interest payments, dividends, capital profits, and another earnings made through an funding vehicle.Capital profits taxes follow only to “capital assets,” which include stocks, bonds, rings, coin collections, and actual estate. long-term gains are levied on profits of investments held for extra than a yr. quick-term gains are taxed on the person's regular income tax fee.
Subtract your foundation (what you paid) from the found out quantity (how an awful lot you offered it for) to determine the difference. if you sold your assets for more than you paid, you have a capital benefit. if you bought your assets for less than you paid, you have a capital loss.
Examples include a domestic, personal-use items like family furnishings, and stocks or bonds held as investments. when you promote a capital asset, the difference between the adjusted basis in the asset and the amount you realized from the sale is a capital gain or a capital loss.
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Zahara is wondering how she will be able to afford her monthly tv streaming services, water bill, groceries, and cell phone bill. what economic concept concerns zahara? a. economic needs b. economic limits c. economic needs and wants d. economic wants and limits
Zahara is concerned with economic limits, which refers to the constraints on her spending or budget that determine what she can and cannot afford.
What economic concept concerns zahara?Economic limits refer to the constraints on an individual or a society's spending or budget that determine what can and cannot be afforded. These limits are based on various factors such as income, debt, and savings.Here are some key points to consider when discussing economic limits:Income: This refers to the amount of money an individual earns from employment, investments, or other sources. It affects the amount of money available for spending and sets limits on what can be purchased.Debt: This refers to the amount of money owed by an individual or a company. High levels of debt can limit an individual's ability to make purchases and invest in their future.Savings: Money saved can provide a cushion for unexpected expenses and help individuals reach their financial goals. The amount of money an individual saves will affect the limits of their spending.Market conditions: The availability and cost of goods and services, as well as interest rates, can impact economic limits by affecting an individual's purchasing power.In conclusion, economic limits determine the boundaries of an individual's spending and can impact their ability to afford the things they need or want. It is important to understand these limits in order to make informed decisions about spending and budgeting.To learn more about economic limit refer:
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howdy!
your answer is economic needs and wants
edg2023 goodluck!!
Bought a machine for Rs.100000 from ABC trading concern in account
Answer:
whats the question. Please let me know
Explanation:
Which types of postsecondary education are examples of traditional academic education? Check all that apply.
associate degree
apprenticeship
bachelor’s degree
technical school degree
Answer: 1,3
Answer:
associate degree and bachelor’s degree is the answer
Explanation:
just did it trust me :)