Assume that Nominal GDP is $19.6 trillion, the price level is 140 and the MPC is .90; how much would the government have to decrease spending in order to decrease Aggregate Demand to a Real GDP level of $12 trillion? The current level of Real GDP before the Government decreases spending [ The Spending Multiplier is The desired change in AD is The amount that the government will need to decrease spending is
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The current level of Real GDP before the Government decreases spending is $140 billion
The Spending Multiplier is 10 The desired change in AD is $-11.86 trillion The amount that the government will need to decrease spending is $-118.6 trillion What is the Nominal GDP about?The current level of Real GDP before the Government decreases spending can be calculated by using the formula Real GDP = Nominal GDP / Price level.
Plugging in the given values, Real GDP = $19.6 trillion / 140 = $140 billion.
The Spending Multiplier can be calculated using the formula Spending Multiplier = 1 / (1 - MPC).Plugging in the given value of MPC = 0.9, the Spending Multiplier = 1 / (1 - 0.9) = 1 / 0.1 = 10The desired change in AD can be calculated by subtracting the desired level of Real GDP from the current level of Real GDP.
In this case, the desired change in AD = $140 billion - $12 trillion = $-11.86 trillionThe amount that the government will need to decrease spending can be calculated by multiplying the desired change in AD by the Spending Multiplier.
In this case, the amount that the government will need to decrease spending = $-11.86 trillion x 10 = $-118.6 trillionSo, in order to decrease Aggregate Demand to a Real GDP level of $12 trillion, the government would have to decrease spending by $-118.6 trillion
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See correct question below
. Assume that Nominal GDP is $19.6 trillion, the price level is 140 and the MPC is .90; how much would the government have to decrease spending in order to decrease Aggregate Demand to a Real GDP level of $12 trillion?
The current level of Real GDP before the Government decreases spending is .
The Spending Multiplier is
The desired change in AD is
The amount that the government will need to decrease spending is
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Understand the company's social media policies and guidelines. Understand the company's overall communication strategy. Understand how to use the specific social media platforms the company uses.
What is networking?The act of connecting computers, gadgets, and other pieces of equipment to one another in order to exchange resources and information is referred to as networking. This might involve interconnecting devices within a single space, like a house or workplace, or linking devices across spaces, such connecting to the internet or linking many offices. The connections between individuals and organizations, such as those made at networking events and on social networking platforms, are often referred to as networking. Ethernet, Wi-Fi, and the Internet Protocol are just a few examples of the technologies and protocols that may be used for networking (IP).
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When Brad John, one of the owners of Flight001, asks employees what products are selling and what ideas they have, he is increasing ______
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According to a statement made by one of Flight001's founders, Brad John, he is increasing the authority that individuals want to create their own judgments.
What do you call a worker?A person engaged by a boss to do a certain task is known as an employee. Businesses are in terms of determining how much an employee is paid, when they work, and how they work. Workers pay perks that subcontractors do not in return.
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The activities that managers like the _____ include controlling subordinates, handling paperwork and managing time pressures.
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The activities that managers like the least include controlling subordinates, handling paperwork and managing time pressures.
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A business manager is a supervisor who manages and directs the staff and operations of an organization or department. They make an effort to maintain the business's productivity, efficiency, and organization at all times by establishing operating plans, conducting performance evaluations, and monitoring all daily activities.
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in modern design and manufacturing organizations, which of the following items tends to be used to communicate design information between groups?
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Industries classified as service industries are those that offer services rather than create things.
What do you mean by manufacturing organizations?
The manufacturing industry includes any company that uses components, pieces, or raw materials to create finished goods. Early design stages in this modern design process consider assembly procedure, testing, and potential factory constraints, which helps to avoid mistakes and improves the overall manufacturing process's effectiveness.Teams of workers collaborate to solve problems and produce high-quality goods in today's manufacturing environment. They collaborate on ideas before using technology such as digital blueprints. Design for production is the process of creating designs that take manufacturing constraints into account.
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which of the following are indirect costs for the finishing department of a furniture manufacturing plant? (check all that apply.) multiple select question. rent on the manufacturing facility electricity cost for the plant plant manager's salary finishing department manager's salary
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The furniture manufacturing facility's finishing department's listed indirect expenses are
The price of electricity for the factory -
The pay for the plant manager
Rent for the manufacturing facility
What do indirect expenses entail?
The costs that are incurred by doing business but may not directly be attributable to a cost of doing business are referred to as indirect costs. These are the kinds of expenses that are difficult to categorise as being covered by a contract, an activity, or based on a specific grant, but they are still important to ensure that the operation of the firm is successful.
The indirect expenses for the business in the finishing section of the furniture production facility would have to be the
The price of electricity for the factory , the pay for the plant manager and rent for the manufacturing facility
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Out of the given choices, the indirect costs for the finishing department of a furniture manufacturing plant include,
Electricity Costs for the facilitySalary for the Plant ManagerManufacturing Plant's Rent.Therefore, the options A, B and C hold true.
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Of the following firms, which would most likely derive the greatest benefit from use of an activity based costing system for allocating overhead? A. A firm that produces three types of products that require regular design adjustments and are manufactured using equipment that needs frequent maintenance and reengineering. b. A firm that produces two types of products, each of which is entirely manufactured by hand. C. A firm that produces one type of product using fully automated equipment that requires minimal maintenance or reengineering. D. A firm that produces four types of products using equipment that requires little maintenance or updating but nearly constant operation by skilled employees.
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The correct response is b) A firm that produces four types of products, each of which is primarily manufactured by hand.
A firm is a for-profit business entity that offers expert services, such as a corporation, limited liability company (LLC), or partnership. Most companies only have one physical location. When you say that someone is firm, you're implying that they act in a way that makes it clear that they won't back down or that they are in charge. She needed to be firm with him. A single proprietorship, partnership, limited liability company, or corporation are examples of businesses. The phrase is a little more frequently connected to a partnership. A company, such as a corporation, is a business organization that manufactures and sells products and services with the intention of bringing in money and turning a profit.
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Of the following firms, which would most likely derive the greatest benefit from the use of a traditional costing system that allocates overhead based on direct labor hours?
a) A firm that produces three types of products that require regular design adjustments and are manufactured using equipment that needs frequent maintenance and reengineering
b) A firm that produces four types of products, each of which is primarily manufactured by hand
c) A firm that produces three types of products using fully automated, dedicated production lines that require minimal maintenance or reengineering
d) A firm that produces four types of products using equipment that requires little maintenance or updating but occasional employee monitoring
Which of the following statements is most accurate about ownership of household goods, such as flush toilets, refrigerators, televisions, clothes dryers and automobiles?
a. In 2005, very few "officially poor" Americans owned these goods.
b. The same proportion of Americans who were officially poor owned these goods in 2005 in comparison to 1950. The proportion of officially poor Americans who owned these goods in 2005 was equal to the proportion of all households who owned these goods in 1950.
c. A higher proportion of "poor" Americans owned these goods in 2005 compared to the proportion of all U.S. households who owned these goods in 1950.
d. The proportion of Americans at the poverty level who owned these goods in 2005 was exactly double the proportion of all households who owned these goods in 1950.
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b. The same proportion of Americans who were officially poor owned these goods in 2005 in comparison to 1950.
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The United States has greater income and wealth disparity than almost any developed nation, and this inequality is growing. Racial disparities in wealth and income are significant, which many analysts ascribe to the nation's history of slavery and racist financial practices.
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Therefore option C is correct choice.
In 2005 and 1950, the same percentage of Americans who were classified as being in poverty had these items.
In 2005, the percentage of Americans who were classified as being in poverty was identical to the percentage of all families in 1950. Official estimates of poverty, which were approximately 45% in the early 1950s, were steady even in the early 1980s. Since the 1980s, India's economy has expanded at one of the fastest rates in the world.
Income inequality in the United States has increased since 1980 and is currently greater than in similar countries. There are several ways to measure income inequality, but regardless of the approach, it is believed that wealth inequality in the United States is rising.
The income and wealth discrepancy in the United States is bigger than that of nearly any other industrialised country, and it is only becoming worse. Significant racial wealth and income gaps exist, which many observers attribute to the country's past involvement with slavery and discriminatory financial practises.
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The four Ps make up the marketing mix, which is the controllable set of activities that the firm uses to respond to the wants and needs of its target markets.
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Please solve complete question.
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When predicting the results of a game's decision-making interaction, Nash equilibrium serves as a representation of the action profiles of each participant.
What is Nash Equillibirium ?It simulates a steady state (i.e., a mixture of all players' strategies) in which no player may gain from changing its approach unilaterally.
The Nash equilibrium, which bears the name of the mathematician John Nash, is the most popular technique in game theory to describe the outcome of a non-cooperative game involving two or more participants.
Hence
a) If X is greater than 50, both players will have a dominant low-price approach. Ash's equilibrium: (Low price, low price)
(b) Only player 2 will have a dominant approach if 50>X>40 ( i.e. player 2 will always play low price)
Ash's equilibrium: (Low cost, low cost)
(c) No player will have a dominant approach if X is more than 40.
In this situation, there is no nash balance.
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bretton woods was a meeting of delegates from allied countries to discuss how to stabilize the global economy.
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The Bretton Woods Conference,formally known as the United Nations Monetary and Financial Conference.
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the slogan just do it, along with the swoosh symbol on its shoes, are elements that help to identify nike's ____ from that of competitors.
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It helps them to identify Nike's brand.
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Nike stopped using the Swoosh when?Up until 1995, the word "Nike" was written above the emblem in Futura Bold. In 1995, the "Nike" brand name was taken out of the emblem. The sole remaining component of the emblem, the swoosh, serves as the company's unique identity.
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fill in the blank. in the , the needs and interests of widely divergent groups are met by the government through a process of accommodation and negotiation. power in political systems is widely dispersed throughout many competing interest groups. group of answer choices distributive model pluralist model ruling class model elite model
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In the Pluralist model the needs and interests of widely divergent groups are met by the government through a process of accommodation and negotiation. power in political systems is widely dispersed throughout many competing interest groups.
In this case, Option A is correct.
Politico is from this nation. Politico's nation is divided into three sizable regions, each of which employs a distinctive power structure. Our first area employs a pluralist system of government.
The central concept of pluralism is the distribution of power. According to the pluralist model, there are many different groups that hold power. These organizations could consist of business lobbyists, unions, associations for professionals, and coalitions of like-minded people. According to the pluralist model of power, the public merely observes events because these groups have small proportions of average citizens.According to pluralistsPower is scattered and broken up.Groups offer a more useful method of representation.Greater influence results from larger groups.To know more about pluralist here
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is a macro that bundles are reported together to print or save them with one click of a button. while these packages are created in the backstage area of the program, they can be used at the property and/or portfolio level.
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Report Packages is a template that groups reports together so you can print or save them with a single click. These packages are made in the program's backstage area, however they can be applied at the Properties and/or Portfolio level.
Planning at the portfolio level: what is it?Portfolio planning is a method that aids executives in determining their companies' chances of success in each of their sectors, makes recommendations for what to do in each business, and offers options for how to distribute resources across industries. A series of developmental Value Streams can be initiated and governed by a set of principles, processes, and roles found at the Portfolio Level. Here, the strategy and investment finance for value chain and their solutions are defined. An organized list of any and all strategic themes that outline the requirements for the product portfolio's success is contained in the portfolio backlog.
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ou recently had an accident on the job. some equipment fell on you causing a serious injury, and your medical bills alone are likely to be over $85,000. you claim an outside vendor who was working on the equipment that day created the problem that caused the injury, and you want to sue. you live and work in texas, and the outside vendor is a resident of oklahoma.
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Either a federal courts or a state court should hear your case.
Federal courts review matters involving the legality of legislation, laws and treaties drafted by American ambassadors and public ministers, disagreements between two or more states, admiralty law, often known as maritime law, and bankruptcy proceedings. State courts are established by state legislation and are endowed with broad power. These courts can hear a variety of situations, including criminal charges and family law conflicts. As opposed to state courts, which are formed in accordance with the U.S. Constitution, federal courts have far more limited authority. Federal courts resolve conflicts concerning the U.S. Constitution, federal legislation, conflicts between states, and conflicts involving more than $75,000 between residents of separate states.
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You recently had an accident on the job. Some equipment fell on you causing a serious injury, and your medical bills alone are likely to be over $85,000. You claim an outside vendor who was working on the equipment that day created the problem that caused the injury, and you want to sue. You live and work in Texas, and the outside vendor is a resident of Oklahoma. Where do you think you should file the lawsuit?
*SEO and SEM are key tech industry acronyms that have become vital parts of the accounting professionalâs operating toolkit. True or False
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It is false that SEO and SEM are important technology industry acronyms that have become a vital part of an accountant's operating toolkit.
What does accounting professional mean?The term accountant refers to a professional who performs accounting functions such as account analysis, auditing, or financial statement analysis. CPA works with accounting firms or internal accounting departments of large companies.
Accountants support corporate strategy, advising and helping businesses reduce costs, improve profitability, and mitigate risk. As directors, accountants represent the interests of company owners (that is, shareholders of public companies).
What types of accounting profession are there?There are following types of accounting jobs: Management Accountant.. Investment Accountant. Staff Accountant. Project Accountants. Forensic Accountant. Certified Public Accountant. Cost Accountant. Auditor
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to assess the effect that viewing violent media has on aggression, researchers plan to expose one group of children to violent movie scenes and another group to nonviolent scenes. to assure that children in one group do not have more aggressive personalities than the children in another group, the researchers should make use of which of the following? random assignment random assignment confounding variables confounding variables single-blind procedure single-blind procedure random selection random selection double-blind procedure double-blind procedure
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To assess the effect that viewing violent media has on aggression, researchers plan to expose one group of children to violence...researchers should make use of random assignment. Hence, option (a) is correct.
Give a brief account on random assignment.In experimental research, random assignment is a crucial component of control since it enhances the internal validity of an experiment and prevents biases. In experiments, scientists modify an independent variable while controlling for other variables to see how it affects a dependent variable. They frequently employ various levels of an independent variable for several participant groups to achieve this. In order to prevent systematic differences between the treatment groups at the beginning of the experiment, which could adversely harm (and possibly invalidate) your results, you should use random assignment. Using randomization, such as by chance or a random number generator, random assignment or random placement is an experimental strategy for allocating human participants or animal subjects to various groups in an experiment.
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economies of scale, absolute cost advantages, high capital requirements, and limited access to channels of distribution give incumbent firms an advantage over new entrants to an industry. [see pp.70-71]
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Economies of scale, absolute cost advantages, high capital requirements, and limited access to channels of distribution give incumbent firms an advantage over new entrants to an industry - True
Economies of scale refer to the notion that the cost of producing each unit of a product lowers as the amount produced in a given time period increases. It relates to the cost advantages a business experiences as output rises. The ability of a company to create items at a lower cost than its rivals is referred to as an absolute cost advantage.
High capital needs describe the significant sum of money required to launch and run a business in a specific industry. Limited access to distribution channels describes the challenges that new businesses may face in putting their products to market. When these elements come into play, it may be challenging for new businesses to enter and compete in a market with long-standing incumbent companies.
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TRUE/FALSE.a savings account that compounds interest daily will earn a higher return than a savings account that pays simple interest daily.
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A savings account that compounds interest daily will earn a higher return than a savings account that pays simple interest daily.---- False.
What does "savings account" refer to?At any bank, you can open this account, which is the most basic type. By definition, a Savings Account lets you put your money in a safe at the bank so you don't have to carry it around or keep it in a rusted-out steel safe at home.
What advantages do savings accounts provide?The ability to earn interest on deposits over time is one of a savings account's greatest advantages. Money that is kept in a home safe or a bank account that does not earn interest is missing out on valuable earning potential.
Which three primary savings accounts are they?There are many different kinds of savings accounts, but the deposit account, the money market account, and the certificate of deposit are the three most common ones.
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Identify which of the following scenarios is likely to shift the demand for wheat bread to the right.
a. The population of Arizona grows by 20%.
b. A drought in Kansas makes people behave that the price of the wheat breed will increase in a couple of months.
c. People learn that certain bread additives may be bad for their health.
d. As people become more health conscious, they discover the benefits of the whole wheel as a part of their diet.
Answers
A drought in Kansas makes the people behave that price of wheat breed will increase in couple of months is likely to shift demand for the wheat bread to the right.
What is demand?Demand is an economic concept that refers to a consumer's desire to purchase goods and services as well as their readiness to pay a specific price for them. Less individuals will normally buy a good or service if the price goes up. In a similar vein, a surge in demand will occur after a decrease in the price of a good or service. Due to its rationale and regular occurrence throughout the course of practically any day, demand is a concept that both consumers and businesses are well familiar with. In general, there is a balance between total and market demand. The total of all consumer demands is the quantity of market demand for a specific good. Aggregate demand refers to the total demand for goods and services in an economy.
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A company is investigating working conditions throughout its operations and has offered employees the opportunity to complete a questionnaire on this subject.Select the type of sample that has been formed in each presented situation:Simple random sampleStratified random sampleVoluntary response sampleMultistage sample
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An organization is investigating working conditions throughout its operations and has offered workers the opportunity to complete a questionnaire on this subject.The C: voluntary response sample is the type of sample that needs to be formed.
A voluntary response sample is a type of sample in which participants self-select into the study. This means that individuals who choose to participate in the study do so of their own accord, without being selected or recruited by the researcher.
Voluntary response sampling is often used in surveys, where individuals are asked to respond to a questionnaire or participate in an interview. The sample is composed of individuals who have chosen to participate, and may not be representative of the population as a whole.
One of the main advantages of voluntary response samples is that they are relatively easy and inexpensive to collect, as the researcher does not have to actively recruit participants.
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in october 2015, hurricane joaquin caused massive destruction to north and south carolina, new york, and florida. catastrophic flooding occurred, with 25 deaths, hundreds of people requiring rescue, and estimated damage costs of $12 billion. even those who were not directly affected by the destruction were hurt because businesses and jobs dried up.
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The answer is Increased government spending in the affected areas will encourage other people to spend more.
In the United States, Maryland, New Jersey, North Carolina, South Carolina and Virginia declared states of emergency last week while New York, Pennsylvania and all other states prepared for the hurricane.
South Carolina was hardest hit by "firehose" moisture from the Atlantic Ocean, bringing precipitation at 3 inches per hour and causing flash flooding. Some of moisture came from Hurricane Joaquin, that is the eye of which passed west of Bermuda last night with 100 winds blowing at 1500 mph. Parts of South Carolina rained over 20 inches last night.
According to the South Carolina Department of Natural Resources, previous notable flooding occurred in 1999, 1990, 1908, and 1903 from heavy rains.
Question:
In October 2015, Hurricane Joaquin caused massive destruction to North and South Carolina, New York, and Florida. Catastrophic flooding occurred, with 25 deaths, hundreds of people requiring rescue, and estimated damage costs of $12 billion. Even those who were not directly affected by the destruction were hurt because businesses and jobs dried up.
Which principle of economy-wide interaction explains how government intervention can help in this situation?
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Claire Corporation is planning to issue bonds with a face value of $110,000 and a coupon rate of 6 percent. The bonds mature in two years and pay interest quarterly every March 31, June 30, September 30, and December 31. All of the bonds were sold on January 1 of this year. Claire uses the effective-interest amortization method and also uses a discount account. Assume an annual market rate of interest of 8 percent. (FV of $1, PV of $1, FVA of $1, and PVA of $1)
1. Provide the journal entry to record the issuance of the bonds.
2. Provide the journal entry to record the interest payment on March 31, June 30, September 30, and December 31 of this year.
3. What bonds payable amount will Claire report on this year’s December 31 balance sheet?
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Debit: Cash (102,160) Credit: Bonds Payable (110,000) Credit: Discount on Bonds Payable (7,840) for the issuance of the bond, Debit: Interest Expense (330) Credit: Cash (330) for interest payment and Bonds Payable of 110,000 will be reported on this year's December 31 balance sheet.
The journal entry to record the issuance of the bonds would be: Debit: Cash (110,000 x (1 - (8/100)*(2/12)) = 102,160) Credit: Bonds Payable (110,000)Credit: Discount on Bonds Payable (110,000 - 102,160 = 7,840)
The journal entry to record the interest payment on March 31, June 30, September 30, and December 31 of this year would be:Debit: Interest Expense (110,000 x 6/100 x 1/4 = 330)Credit: Cash (330)
On this year's December 31 balance sheet, Claire will report Bonds Payable of 110,000.
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suzette sends jimmy a flat file with a list of all sales transactions the company made during the last year. each line contains all the information about a single sale. jimmy prepares a report that shows three different views of the data (1) the total sales for each quarter, (2) the total sales by customer, and (3) the total sales for the entire year. to make this report, jimmy had to do which of the following to the data suzette sent?
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Jimmy had to Aggregate data that Suzette sent.
What is aggregate data?High-level information is obtained by integrating individual-level information into aggregate data. An industry's production, for instance, is the sum of the individual outputs of the enterprises that make up that industry. In statistics, data warehousing, and economics, aggregate data are used. Data that is aggregated and data that is individual are different. Individual data that have been averaged by a geographic region, a year, a service agency, or another factor are referred to as aggregate data.
What advantages do aggregate data have?Aggregate data is essential because it enables analysts to look for patterns and trends that might perform useful tasks like influencing financial decisions or guiding corporate strategy. Aggregate data are used by researchers, analysts, lenders, administrators, and politicians to better understand their work.
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A defendant was indicted for engaging in a fraudulent investment scheme. At the criminal trial, the prosecutor called a witness who had participated in the scheme with the defendant. The witness testified about the operation of the scheme and was cross-examined by the defendant's attorney. The case resulted in a mistrial. An investor who was allegedly defrauded by the scheme has now brought a civil action against the defendant. She seeks to introduce the witness's testimony from the criminal trial. The witness has moved to a foreign country.
Is the witness's testimony in the criminal trial admissible in the civil action?
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Yes, since it is previous testimony from a declarant who is unavailable. The circumstances of its admissibility and evidence of hearsay.
What are the Admissibility and Evidence?able to be accepted or conceded: permissible. evidence that can be used in court: capable or deserving of admission. able to enter the university admissibility.
If it logically contributes to proving or disproving a fact at issue in the prosecution, then the evidence is relevant. It is admissible if it was properly obtained, relates to the facts at issue, or to circumstances that make those facts probable or improbable.
The four types of evidence you should be aware of are outlined below.
True Evidence Real evidence is physical evidence that is directly related to the facts of the case.Statements of Testimonial hearsay is another name for testimonial statements.Evidence that Shows.Documentary Support.There are four fundamental criteria outlined in Daubert's and its successors' criteria. These are a known or potentially known rate of error, established standards governing the operation and accuracy of the technique, general acceptability, and the procedure's testability.
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is the act of creating and maintaining workplaces that support and leverage the diversity of their members
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The concept is Managing Diversity. It means acknowledging people's differences and recognizing these differences as valuable.
Managing diversity means recognizing and valuing people's differences; strengthening good management practices by preventing discrimination and promoting inclusion. Good operation alone won't inescapably help you work effectively with a different pool.
A diverse work environment helps companies better understand their target demographics and the drivers that drive them.
A diverse work environment can better align a company's goals and culture with America's demographics. Increased customer satisfaction by improving agent interactions with a more diverse customer base and audience.
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an application to register securities may be filed by all of the following except a(n):
a. broker-dealer b. investment adviser c. issuer d. person on whose behalf the offering is to be made
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Option B. investment adviser, any individual or organisation that provides investment advice or does securities analysis in exchange for payment is referred to as an investment adviser (sometimes known as a stockbroker).
The sale of a fresh issue of securities covered by an effective registration statement that was filed by the issuer in a State has begun.
issuing reports or analyses about securities as part of a regular business. in the business of giving investment advice to others about the worth of or about investing in securities, including stocks, bonds, mutual funds, exchange traded funds, and some other investment products.
A Registered Investment Advisor, or RIA, is an investment advisor having enough assets to be registered with the Securities and Exchange Commission. Alternatively written "investment adviser" or "financial adviser," investment advisors are also known as "financial advisors."
Anyone who advises or manages capital investments for investors is a financial advisor. The Investment Advisers Act of 1940, a federal law in the United States, establishes the obligations and duties of an investment adviser.
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during 200x, papa company sold inventory, which cost it $18,000, to its subsidiary, sonnyco, for $27,000. at the end of 200x, sonnyco had $9,000 of the intercompany goods still on its books. the balance had been resold to unaffiliated customers for $24,000. which one of the following is the amount of intercompany sales that should be eliminated for 200x consolidated statements?
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For 200x consolidated statements, $27,000 should be subtracted from intercompany sales. Inventory was sold by Papa Company to its subsidiary, Sonnyco, for $27,000 during 200x. Since this is an intercompany sale, double counting should be avoided by removing it from the consolidated statements.
Sonnyco still held $9,000 of the intercompany items on its books at the end of 200x, indicating that they had not yet been sold to non-affiliated consumers. The remaining amount has been resold to unrelated clients for $24,000. Even if Sonnyco resold it to unrelated clients for $24,000, the $27,000 is the amount that should be deleted since intercompany sales for 200x consolidated statements should be erased. As a result, there is no longer a double counting of revenues, and the consolidated company's financial image is more accurate.
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at ajax spring water, a half-liter bottle of soft drink is supposed to contain a mean of 512 ml. the filling process follows a normal distribution with a known process standard deviation of 10 ml. (a) the normal distribution should be used for the sample mean because (you may select more than one answer. single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. any boxes left with a question mark will be automatically graded as incorrect.)
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The normal distribution should be used for the sample mean because:
The process standard deviation is known, and the normal distribution is appropriate for describing a variable with a known standard deviation.
The central limit theorem states that the distribution of sample means will be approximately normal, even if the underlying population is not normally distributed, as long as the sample size is large enough. And in this case, the sample size is not specified.
The normal distribution is a common distribution used to model many real-world phenomena, and it is especially useful for data that is continuous and symmetric.
It's worth mentioning that there are other distributions that could be used to model the sample mean, such as the t-distribution, but the Normal distribution is a good choice for the sample mean since it is a common, well-understood distribution that can be easily calculated and used for statistical inference.
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