phamleson8697
13.07.2021 •
Business
An economist wants to estimate the mean per capita income (in thousands of dollars) for a major city in California. Suppose that the mean income is found to be $21.1 for a random sample of 1530 people. Assume the population standard deviation is known to be $11. Construct the 90% confidence interval for the mean per capita income in thousands of dollars.
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Ответ:
$186,000
Explanation:
Costs to be accounted for as follows:
Cost of ending work in process inventory $ 28,000
Add Cost of units transferred out $158,000
Total cost accounted for $186,000
Therefore the total cost to be accounted for under the weighted-average method would be: $186,000