To reach the maximum money multiplier, it is assumed thata. loans are diverted into circulating currency.b. there is insufficient loan demand.c. commercial banks keep the amount of reserves. equal to total bank deposits.d. all loans get redeposited in a checkable account.The reserve ratio is 10 percent. If the bank receives a customer deposit of $100,000, […]
Week 2The manufacturer of a laser printer reports the mean number of pages a cartridge will print before it needs replacing is 12,250. The distribution of pages printed per cartridge closely follows the normal probability distribution and the standard deviation is 770 pages. The manufacturer wants to provide guidelines to potential customers as to how […]
Sellall Department Stores reported the following amounts in its adjusted trial balance prepared as of its December 31 year-end: Administrative Expenses, $1,600; Cost of Goods Sold, $18,360; Income Tax Expense, $2,680; Interest Expense, $1,400; Interest Revenue, $160; General Expenses, $1,800; Sales Revenue, $34,000; Sales Discounts, $1,700; Sales Returns and Allowances, $1,530; and Delivery (freight-out) Expense, […]
JOHN CARROLL UNIVERSITYDEPARTMENT OF ECONOMICS AND FINANCEEC 207 Business StatisticsPROBLEM SET 5Name ______________________PART ONE: MULTIPLE CHOICE. Please answer all questions choosing the BESTanswer. CIRCLE your answer. Three points each.1.A simple random sample of 100 batteries is selected from a process whichproduces the batteries with a mean life of 40 months and a standard deviation of […]
You are at a bar, watching a football game. You run into your friend Bob and make a bet for $1000 on the game. You have ten witnesses to the bet, but you have Bob sign a short statement on a napkin regarding the bet, just in case. You win the bet, but Bob refuses […]
Develop a 875-word response that addresses each of the following prompts:Define statistics with citation and reference.Contrast quantitative data and qualitative data with citation and reference.Evaluate tables and charts used to represent quantitative and qualitative data.Describe the levels of data measurement.Describe the role of statistics in business decision-making.Provide at least two business research questions, or problem […]
Need you to explain how you got your answer to this questionYou areevaluating the capability of a process. Standard deviation(s) is 5. Customers have said that they will accept units ranging between 35 and60. The location of the mean isunknown. But your boss wants to know ifthe process is capable of performing to customer specifications […]
Suppose an SRS of 50,000 americans were surveyes and 22,800 of them said they have blue colored eyes.a.Create 90% confidence interval estimator for the population proportion of Americans that have blue colored eyesb. What is the minimum sample size that would be required to estimate the population’s proportion with an error of 0.018 at 98% […]
State the type of hypothesis test to be used in the following situation:In a certain city, there are about one million eligible voters. A simple random sample of size 10,000 was chosen to study the relationship between gender and participation in the last election. The results were: Men Women Voted 27923591 Didn’t Vote 14862131Is there […]
A random sample of 78 students in region A is taken and it is found that 47 of these students watch more than 30 hours of TV per week. A random sample of 64 students in region B is taken and it is found that 29 of these students watch more than 30 hours of […]
