Business College

Annual starting salaries for college graduates with degrees in business administration are generally expected to be between 10000 and 50000. Assume that a 95 confidence interval estimate of the population mean annual starting salary is desired

Answers

Answer 1

Answer:

1) the planning value for the population standard deviation is 10,000

a) Margin of error E = 500, n = 1536.64 ≈ 1537

b) Margin of error E = 200, n = 9604

c) Margin of error E = 100, n = 38416

As we can see, sample size corresponding to margin of error of $100 is too large and may not be feasible.

Hence, I will not recommend trying to obtain the $100 margin of error in the present case.

Step-by-step explanation:

Given the data in the question;

1) Planning Value for the population standard deviation will be;

⇒ ( 50,000 - 10,000 ) / 4

= 40,000 / 4

σ = 10,000

Hence, the planning value for the population standard deviation is 10,000

2) how large a sample should be taken if the desired margin of error is;

we know that, n = [ ( × σ ) / E ]²

given that confidence level = 95%, so = 1.96

Now,

a) Margin of error E = 500

n = [ ( × σ ) / E ]²

n = [ ( 1.96 × 10000 ) / 500 ]²

n = [ 19600 / 500 ]²

n = 1536.64 ≈ 1537

b) Margin of error E = 200

n = [ ( × σ ) / E ]²

n = [ ( 1.96 × 10000 ) / 200 ]²

n = [ 19600 / 200 ]²

n = 9604

c) Margin of error E = 100

n = [ ( × σ ) / E ]²

n = [ ( 1.96 × 10000 ) / 100 ]²

n = [ 19600 / 100 ]²

n = 38416

3) Would you recommend trying to obtain the $100 margin of error?

As we can see, sample size corresponding to margin of error of $100 is too large and may not be feasible.

Hence, I will not recommend trying to obtain the $100 margin of error in the present case.

Related Questions

Which of the following income and expense items is NOT recorded initially directly in equity?

A. The impairment of goodwill in accordance with IAS 36 Impairment of Assets, where the entity is confident that the factors giving rise to the impairment will reverse in a future period.
B. An increase in the fair values of land & buildings, where the revaluation method is used to account for land & buildings in accordance with IAS 16 Property, Plant & Equipment.
C. A change in the fair value of an investment in another entity, which is classified as an available-for-sale financial asset in accordance with IAS 39 Financial Instruments: Recognition & Measurement.
D. Foreign currency translation adjustments arising on the translation of a foreign operations financial statements from their functional currency in accordance with IAS 21 The Effects of Changes in Foreign Exchange Rates.

Answers

The income and expense items that is NOT recorded initially directly in equity is A. The impairment of goodwill in accordance with IAS 36 Impairment of Assets, where the entity is confident that the factors giving rise to the impairment will reverse in a future period.

What is equity?

Equity can be regarded as the ownership interest in property which can be used in the offset by debts or other liabilities.

It should be noted that there are some of the income and expense items which is been recorded in this , this can be increase in the fair values of land & buildingsas well as others.

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Sadie is a reporter who has researched an in-depth article about the prevalence of mercury found in local fish. During her investigation she finds that although a few fish have been caught with high levels of mercury, for the most part, they are rare. Considering that Sadie’s organization needs to sell ad space, which title will she MOST likely pick for this article?

A.
No Cause for Alarm with Local Fish

B.
Few Fish Affected by Mercury, Study Finds

C.
Mercury Levels Not an Issue Here

D.
Toxic Ingredients in Local Seafood

Answers

The title that Sadie is most likely to pick for the article, considering that her organization needs to sell ad space, is B. Few Fish Affected by Mercury, Study Finds.

Why is the title appropriate ?

The title of Sadie's investigation accurately portrays the rarity of local fish with high mercury levels. It puts forward an optimistic perspective by emphasizing the low incidence of mercury within these aquatic species, possibly sparking interest from advertisers and readers.

However, choosing option A which says No Need to Worry About Local Fish, may undermine concerns related to mercury poisoning risks in fish, hindering engagement from people and marketers alike.

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The frequency distribution of order lead time of the retailer from Exercise repeated below

a. How many orders were filled in less than 10 days? In less than 15 days?
b. Convert the frequency distribution to a cumulative frequency distribution.
d. Develop a cumulative frequency polygon.

d. About 60% of the orders were filled in less than how many days

Answers

6 + 7 = 13 represents the number of orders filled in fewer than 10 days. 6 + 7 + 12 = 25 are the orders that were completed in fewer than 15 days. Each frequency from a frequency distribution table is added to the total of its predecessors to determine the cumulative frequency.

Since all frequencies will have previously been added to the prior total, the final result will always be equal to the sum of all observations. The cumulative frequency is divided by the total number of observations (25 in this case) in the Cumulative percentage column. Next, the outcome is multiplied by 100. The cumulative percentage for each interval is determined by this calculation.

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EXAMPLE 2 An entity purchased an item of plant for Tshs. 120,000,000 on 1 January 2001. The plant was depreciated on a straight line basis over its useful economic life, which was estimated at six years. On i January 2003 the entity decided to revalue its plant. No fair value was available for the item of plant that had been i 3 If in 2005 the plant in Example 2 above had a replacement cost of Tshs. 100,000,000. Account for the proper treatment in the book of account in relation to the Plant

Answers

The entity need to determine fair value for the plant. Assuming the fair value was determined to be Tshs. 130,000,000, the entity would record:

revaluation surplus of Tshs. 10,000,000 (130,000,000 - 120,000,000).carrying amount of the plant would then be adjusted to Tshs. 130,000,000.

What is the proper treatment in the book of account?

If in 2005, the plant had a replacement cost of Tshs. 100,000,000, this would not affect the treatment of the revaluation surplus or the carrying amount of the plant.

The replacement cost is not relevant to the accounting treatment of the plant's revaluation because it is not a measure of the plant's fair value. However, if the entity wished to reflect the lower replacement cost in the financial statements, it could consider whether an impairment loss was necessary.

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The ideal candidates would influence your company's culture. Scaling: Your company can only go from one growth stage to another with the aid of the proper personnel. Team-building: The first people you hire will aid in the formation of your startup's teams and verticals.

When the company has a clear way forward, then might be the ideal time to hire. At that stage, you should start assigning the repeatable tactics you've implemented so you have more time to consider the subsequent steps. Every company needs a leader that can serve as both a coach and a manager while also understanding the differences between the two. Leaders are role models for everyone because of how they work.

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What are some Professional realistic names for a cleaning company?

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Here are some professional and realistic name ideas for a cleaning company:

• Gleam Cleaning Services: Conveys getting surfaces clean and bright. Short, memorable and denotes cleaning.

• Sparkle Janitorial: Highlights leaving things clean and shining. "Janitorial" implies professional, thorough cleaning.

• BriteWorks Cleaning: Plays on brightness and being high quality, with a simple and legitimate-sounding business name.

• Lee's Cleaning Company: Using an actual person's name, like "Lee's", seems authentic and personalized while still professional.

• Crystal Clear Cleaning: Transparent, flawless and spotless. Implies a high standard of cleanliness.

• Champion Cleaning Enterprises: Suggests being the best in the business at keeping places clean and hygienic.

• Evergreen Cleaning Service: Conveys keeping things fresh, clean and sustainable over the long term like an evergreen tree. Environmentally-friendly image.

• TopNotch Cleaning Pros: Repositioning "top notch" and "pros" in the name signifies high caliber, expert cleaners and service.

• Purify Cleaning Services: Centers around thoroughly purifying and deep cleaning spaces. Makes cleaning seem very effective.

• Ace Janitorial and Cleaning: "Ace" implies being a top, premier cleaning company. "Janitorial and Cleaning" is straightforward about the services provided.

Some other options:

• Hygienic Cleaning Solutions
• Peak Performance Cleaning
• Best in Class Cleaning
• Pure Green Cleaning
• Superior Cleaning Professionals
• Trusted Cleaning Experts

Does this give you some good realistic and professional name ideas and options for a cleaning company? Let me know if you have any other questions or want any additional suggestions. I can also provide ideas for business names focused on specific types of cleaning services if needed.

The keys to professional and realistic names are: simplicity, focus on cleanness/brightness, skill/expertise, sustainability, authority, trustworthiness, and using terminology like “services,” “solutions,” "professionals," "enterprises," “janitorial,” "cleaning,” etc. Does this help summarize some of the strategies? Let me know if you have any other questions!

Provide the formulas and use the function formula builder in Excel.

Answers

Click into any blank cell you want to use as the basis for your formula before opening the formula builder. then select the formula button (fx) located just to the formula bar's left. On the right side of your screen, Excel will launch the sidebar for the Formula Builder.

The most significant ones are mathematical theorems. In mathematics, a formula typically refers to an identity that compares one mathematical expression to another.

An entity that is created utilizing the symbols and formation rules of a specific logical language is referred to screen syntactically as a formula (also known as a well-formed formula).

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6. In the end, who carries the burden of responsibility regarding the failure of Paterno's program---the leaders or the followers? Defend your answer.

Answers

Both leaders and followers bear responsibility, as they each had a duty to protect the vulnerable individuals under their care.So, the end coach Paterno and other leaders carry the burden of responsibility regarding the failure of the program.

Who bears the responsibility for the failure of Paterno's program?

The failure of the program involves many people because Joe Paterno and administrators had the most authority and responsibility but the coaches and players were also involved in perpetuating the culture that enabled the abuse to continue.

All individuals involved in the program had a duty to protect the safety and well-being of their student-athletes and their collective failure to do so which highlights importance of creating a culture of accountability and transparency in sports programs. So, we must know that both leaders and followers play a role in the success or failure of any program.

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