jamaiciaw6
06.07.2019 •
Business
The price ensures that those willing to pay that price will be given the product.
Solved
Show answers
More tips
- F Family and Home How to Choose a Name for Your Baby?...
- B Business and Finance How to Open an Online Store? A Detailed Guide for Beginners...
- W Work and Career How to Write a Resume That Catches the Employer s Attention?...
- C Computers and Internet Е-head: How it Simplifies Life for Users?...
- F Family and Home How to Choose the Best Diapers for Your Baby?...
- F Family and Home Parquet or laminate, which is better?...
- L Leisure and Entertainment How to Properly Wind Fishing Line onto a Reel?...
- L Leisure and Entertainment How to Make a Paper Boat in Simple Steps...
- T Travel and tourism Maldives Adventures: What is the Best Season to Visit the Luxurious Beaches?...
- H Health and Medicine Kinesiology: What is it and How Does it Work?...
Answers on questions: Business
- B Business 2.5 Billion? Or 17.3 Million? *Choose Wisely*...
- B Business The garment industry is an example of which type of production?...
- B Business Stratton Oakmont Inc., a well-established and reputed multinational enterprise (MNE), is headquartered in a highly developed economy. It wants to start its operations in Old...
- B Business tammy spends her money on lemonade and iced tea. if the price of lemonade falls, it is as though her income ....
- B Business Describe how a manager who derives satisfaction from both income and shirking allocates a 10-hour day between these activities when paid an annual, fixed salary of $130,000....
- B Business He has obstructed the Administration of Justice, by refusing his Assent to Laws for establishing Judiciary powers. He has made Judges dependent on his Will alone, for the tenure...
- B Business On February 5, McCracken Co. purchases 25 percent of Bradley Company common stock at a total cost of $90,000. Complete the necessary adjusting entry....
- B Business Explain whether each of the following statements is true or false. The marginal rate of substitution (MRS) diminishes as an individual moves downward along the demand curve....
- B Business Debt securities reflect a creditor relationship and include investments in notes, bonds, and certificates of deposit. Equity securities reflect an owner relationship and include...
- B Business You want to buy your dream car, but you are $5,000 short. If you could invest your entire savings of $2,350 at an annual interest of 12%, how long would you have to wait until...
Ответ:
Ответ:
a. 2.13. b. (30.53, 34.79). c. The mean prices for two in mid-range restaurants in Hong Kong are relatively less than those in Tokyo restaurants.
Explanation:
The size of the sample is 42 and the mean of the sample is ∑ = 32.66 and the standard deviation of the sample (σ) is √[∑(-μ)^2 - 1] = √46.6092 = 6.8271
a. α = 1 - (95/100) = 0.05; α/2 = 0.025; the degree of freedom = n-1 = 42-1 = 41; tα/2 = t0.025 = 2.02. Thus, the error margin = (tα/2)*(σ/√n) = 2.02*(6.83/√42) = 2.1279
b. Lower level limit = 32.66 - 2.1279 = 30.5321; Upper level limit = 32.66+2.1279 = 34.7879. The interval estimate = (mean± margin of error) = (30.53, 34.79).
c. The mean prices for two in mid-range restaurants in Hong Kong are relatively less than those in Tokyo restaurants.