Online customer service is a key element to successful online retailing. According to a marketing survey, 15% of online customers take advantage of the online customer service. Assume the population proportion of those who use online customer service is 0.15. Random samples of 100 customers are selected.
Record your answer in the outlined cells. All numerical answers must include supporting calculations (including intermediate steps) in the worksheet---either directly in the outlined cell or to the right of the question in the provided space
1. What is the standard deviation of the sampling distribution of the proportion?
2. 95% of the sample proportions centered symmetrically about the sampling distribution mean will be between _________________ and _________________.
Answers
1. Thus, the standard deviation of the sampling distribution of the proportion is 0.0365.
2. 95% of the sample proportions centered symmetrically about the sampling distribution mean will be between 0.0785 and 0.2215.
1. The standard deviation of the sampling distribution of the proportion
The standard deviation of the sampling distribution of the proportion is given by:
SD = √(pq/n) where p = population proportion, q = (1 - p), and n = sample size
Substituting the given values, we have:SD = √(0.15 × 0.85/100)SD = 0.0365 (rounded to four decimal places)
2. We can use the z-distribution to find the interval estimate of the population proportion that corresponds to a given confidence level. For a 95% confidence level, the critical z-value is 1.96.
Using the formula for the margin of error, we have:Margin of error = z* × SEwhere z* = critical z-value, and SE = standard errorSE = √(pq/n) where p = population proportion, q = (1 - p), and n = sample size
Substituting the given values, we have:p = 0.15q = 0.85n = 100SE = √(0.15 × 0.85/100)SE = 0.0365Margin of error = 1.96 × 0.0365Margin of error = 0.0715 (rounded to four decimal places)
Thus, the 95% confidence interval estimate of the population proportion is given by:p-hat ± MEwhere p-hat = sample proportion, and ME = margin of error
Substituting the given values, we have:p-hat ± ME = 0.15 ± 0.0715
p-hat ± ME = (0.0785, 0.2215)
Therefore, 95% of the sample proportions centered symmetrically about the sampling distribution mean will be between 0.0785 and 0.2215.
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Related Questions
_____ enables employees who lose their jobs or have their hours reduced to a level at which they are no longer eligible to receive medical, dental or optical benefits have the right to pay to continue receiving benefits for themselves and their dependents under the employer's policy.
Answers
Answer:
employment and labor law
Jeannine and Ryan, have both been working full-time jobs for many years. They are about to adopt three siblings and are trying to decide if they are both going to keep working. What disadvantage will they likely experience if they choose a single income option?
A.
They will have higher costs for childcare.
B.
They will have a greater amount of financial income.
C.
They will have less time to spend with their new baby.
D.
They will have less disposable income.
Answers
Answer: D
Explanation:
Answer: They will have less disposable income.
You will write a draft of introductory email or communication to request a job shadowing experience or interview with a member of the community who works in a helping profession. The first paragraph should define the request for the job shadow experience/interview, including dates, times, and expectations of the job shadow experience. In the second paragraph, describe yourself including your career and personal goals and alignment to the job shadow experience, e.g., what you hope to learn. The third paragraph should close the request
Answers
Answer:
https://prehealth.wisc.edu/wp-content/uploads/2016/06/Sample-Shadowing-Request-E-mail.pdf
Explanation:
i made this link for you, its an essay
Activists are engaging in ________ when they begin to amass the things they need to sustain their movement, including volunteers, money, and office space.
Answers
Activists are engaging in amass when they begin to amass the things they need to sustain their movement, including volunteers, money, and office space.
Less hands-on responsibilities together with a fundraising, events, social media, accounting, and IT are all examples of volunteer work that might also be achieved genuinely. Animal enthusiasts may additionally need to look into animal adoption, fostering, or schooling manual puppies which involves worrying for animals in your house.
Volunteering keeps you in everyday contact with others and helps you develop a stable guide device, which in flip protects you against pressure and despair while you're going through challenging instances. working with pets and different animals have additionally been shown to improve temper and reduce strain and tension.
Both volunteering and formal employment rely on work revel in. the primary difference being that the previous is normally unpaid and completed at some stage in your unfastened time. Volunteering normally gives a much broader diploma of flexibility in terms of painting styles, with the degree of commitment varying based on the function.
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Before the Kiss Corporation can issue stocks or bonds, it must register the issue with
A: Its Board of Directors
B: The Federal Reserve
C: The World Bank
D: The Securities and Exchange Commission (SEC)
Answers
Before the Kiss Corporation can issue stocks or bonds, it must register the issue with. D: The Securities and Exchange Commission (SEC)
Before a corporation can issue stocks or bonds to the public, it is required to register the issue with the Securities and Exchange Commission (SEC) in the United States. The SEC is a regulatory agency responsible for enforcing federal securities laws and ensuring that investors receive accurate and timely information about securities being offered for public sale.
The registration process involves submitting various disclosure documents, financial statements, and other relevant information to the SEC for review and approval. Once the SEC approves the registration, the corporation can proceed with the issuance of stocks or bonds to the public.
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Larry's profit is maximized when he produces shirts. When he does this, the marginal cost of the last shirt he produces is $ , which is than the price Larry receives for each shirt he sells. The marginal cost of producing an additional shirt (that is, one more shirt than would maximize his profit) is $ , which is than the price Larry receives for each shirt he sells. Therefore, Larry's profit-maximizing quantity corresponds to the intersection of the curves. Because Larry is a price taker, this last condition can also be written as
Answers
Larry's profit is maximized when he produces shirts. This means that he needs to find the point where his marginal cost equals his marginal revenue.
When Larry produces one more shirt, the additional cost incurred is known as the marginal cost. The marginal cost of the last shirt he produces is lower than the price he receives for each shirt he sells. This means that Larry is making a profit on each shirt sold.
However, when Larry produces one more shirt than the quantity that would maximize his profit, the marginal cost of producing an additional shirt is higher than the price he receives for each shirt sold. This means that Larry would be incurring a loss if he were to produce one more shirt. Therefore, Larry's profit-maximizing quantity corresponds to the intersection of the curves where his marginal cost equals his marginal revenue.
As Larry is a price taker, this means that he has no control over the price of the shirts. He must accept the market price. Hence, the condition for profit maximization can also be written as the point where the price he receives for each shirt sold equals his marginal cost. This condition ensures that Larry is producing at the most efficient level and maximizing his profit.
In conclusion, Larry's profit is maximized when he produces shirts at the point where his marginal cost equals his marginal revenue. This condition ensures that he is producing at the most efficient level and maximizing his profit. As a price taker, he must accept the market price, and his profit-maximizing quantity corresponds to the intersection of the curves where the price he receives for each shirt sold equals his marginal cost.
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In the nation of Hamsterville most goods, services, and resources are allocated in markets. However, some goods are provided by the government, such as healthcare and education.What kind of economic system does Hamsterville have
Answers
On the hamster farm, They are operating under a market economy, where resources, goods, and services are distributed through markets.
What is an economic system?
A society's or a specific geographic area's system of production, resource allocation, and distribution of products and services are known as an economic system or economic order.
In a market economy, private individuals rather than the government own the resources. The majority of products, services, and resources are distributed in marketplaces in the country of Hamsterville. But the government does supply some things, like healthcare and education.
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On September 3, 2018, Able, a single individual, purchased § 1244 stock in Red Corporation from his friend Al for $60,000. On December 31, 2018, the stock was worth $85,000. On August 15, 2019, Able was notified that the stock was worthless. How should Able report this item on his 2019 tax return?
Answers
He should ask them why it was worthless then after a while of thinking maybe have and idea on how to use it again
If you are relying on self-control, commitment, and shared influence to manage your team, which form of structural control are you using
Answers
If you are relying on self-control, commitment, and shared influence to manage your team is clan control.
Clan control is when the values and beliefs of the organization operates more like a family than a company. It should be noted that in clan control, there are few rules and policies that are out in place by the organization.
If you are relying on self-control, commitment, and shared influence to manage your team is clan control. It mostly relies on the trust of the employees. This is different from bureaucracy.
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What are the keys to employee engagement?
Answers
The keys to consider to improve employee engagement are as follows- Maintain clear, transparent, two-way communication, Recognize and value team members.
Provide professional development opportunities.
Ensure an appropriate balance between personal and professional life.
Make work meaningful. Use human-centered leadership.
Measure work engagement on a regular basis using dedicated tools.
Employee Engagement is a fundamental concept/definition for understanding and describing the nature of an organization's relationship with its employees, both qualitatively and quantitatively. A “dedicated employee” is defined as someone who is fully committed and committed to their work and therefore takes positive actions to improve the reputation and interests of the organization. Engaged employees have a positive attitude towards the organization and its values.
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stephanie has been driving for 4 years without any major auto accidents until today
Answers
Rick mendez bought stock for $5,000, using $2,500 of his own money and $2,500 borrowed from the broker. One month later, the stock is sold for $5,650. Interest owed to the broker is $30; brokerage commissions to buy and sell the stock totaled $300.
Answers
The rate of return earned by Rick Mendez from the stock investment is 12.8%.
What is the rate of return?The rate of return is the gain (or loss) earned from an investment expressed as a ratio of the initial investment cost.
For instance, the rate of return is the difference between the total costs of an investment and its sales proceeds, multiplied by 100.
The investment cost of stock = $5,000
Proceeds from the sale of the stock = $5,650
Broker's finance = $2,500
Interest on borrowed funds = $30
Brokerage commissions = $300
Total brokerage finance costs = $2,830
Net proceeds after brokerage costs = $2,820 ($5,650 - $2,830)
Investment using own funds = $2,500
Gain from investments = $320 ($2,820 - $2,500)
Rate of return = 12.8% ($320/$2,500 x 100)
Thus, we can state that Rick Mendez's investment in the stock yielded a return of 12.8%.
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Question Completion:What is the rate of return earned by Rick Mendez?
A restaurant that serves $1400 a day in meals to 140 customers with an average cost of goods sold per unit at $7.00.
What is the average unit of sale for this business?
Answers
Answer:
=$10
Explanation:
The average unit of sales will the total serves per day divided by the total number of customers.
= $1400/140
=$10
The average unit of sale is $10
Rule of law is defined as "the restriction of the arbitrary exercise of power by subordinating it to well-defined and established laws." And includes concepts such as: property rights, government integrity, and judicial effectiveness.
In two separate paragraphs, please explain how Rule of Law is relevant for
National economies (paragraph 1), and
Growth of businesses (paragraph 2)
Answers
The rule of law is relevant for national economies as it promotes transparency, accountability, and limits the possibility of corruption. It also ensures the protection of property rights, promotes fair competition, and encourages investors.
The rule of law limits the arbitrary use of power, promotes transparency, and accountability. This is significant for national economies as it makes a country a favorable destination for investment. The rule of law assures investors that their contractual agreements will be enforced, and their property rights will be protected.
In a stable legal system, businesses feel encouraged to invest more and expand, which leads to the growth of the economy and development. The legal system provides a framework that ensures economic growth by promoting fair competition, market-oriented strategies, and accountability. Thus, the rule of law plays a crucial role in national economies and creates a conducive environment for business growth and development. Its presence assures the enforcement of contracts, and minimizes risks and uncertainties that are associated with transactions.
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the transnational strategy is usually implemented through the ____ structure.
Answers
The transnational strategy is usually implemented through the "matrix" structure. The matrix structure combines the benefits of both global integration and local responsiveness, which are key components of a transnational strategy. It allows for efficient communication and decision-making across different functional and regional divisions in a company, enabling the organization to be more competitive and adaptive to market changes.
The transnational strategy is a business approach that seeks to balance global integration and local responsiveness. This means that companies adopting this strategy aim to leverage their global scale and resources while also adapting to local market conditions and customer preferences. In order to implement this strategy effectively, companies need to have a structure that supports both global coordination and local autonomy. The structure most commonly used to implement the transnational strategy is the matrix structure. This structure combines functional and product-based divisions to create a flexible and adaptable organization. The matrix structure allows companies to integrate their global operations while also allowing local units to make decisions that are best suited to their respective markets.
In a matrix structure, employees report to both a functional manager and a product manager. This dual reporting allows for cross-functional collaboration and communication, as well as the ability to respond quickly to changes in the market. The matrix structure also enables companies to share resources and knowledge across different parts of the organization, creating synergies and efficiencies that would not be possible in a more traditional hierarchical structure.
Overall, the transnational strategy requires a structure that allows for both global integration and local responsiveness. The matrix structure is a flexible and adaptable option that enables companies to achieve these goals.
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explain the law of diminshing marginal utility with diagram?
Answers
Answer:
Draw graph.
Make DMU line
Draw line increasing until a peak.
Then Drop at same rate as increase.
Explanation:
Just like the law of Diminishing marginal returns, The Law of diminishing marginal utility will max out at a certain point. This point is usually where the firms payment, space, and other capabilities are maxed out at the moment.
12. Real vs. Nominal (LO2, CFA2) Using the information from Problem 10, calculate the inflation rates and approximate real GDP growth rates for 2018 and \( 2019 . \)
Answers
To calculate the inflation rates and approximate real GDP growth rates for 2018 and 2019, the specific data from Problem 10 is required.
In order to determine the inflation rates and approximate real GDP growth rates for 2018 and 2019, the relevant data provided in Problem 10 is needed. Without the specific information regarding the GDP figures and price levels for those years, it is not possible to calculate the inflation rates and real GDP growth rates. The calculation typically involves comparing the percentage change in the price level (inflation rate) and the percentage change in nominal GDP (approximate real GDP growth rate) over the given time period.
Once the necessary data is available, the inflation rates and real GDP growth rates can be calculated using appropriate formulas or calculations.
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The Finishing Department hod 6,500 incomplete units in its beginning Work-in-process inventory which were 100% complete as to materials and 40% complete as to conversion costs. 18.000 unts were received from the previous department. The ending Work-in-Process inventory consisted of 3.500 units which were 50% complete as to materials and 40% complete as to conversion costs. The Finishing Department uses first.in, first-out (FIFO process costing How many units were started and completed during the period? Multiple Choice a. 24,500 b. 14,500 c. 15,000 d. 21,000
Answers
The units that were completed during the period is 21,000.
So, the answer is D.
Given Data:
In beginning Work-in-process (WIP) inventory = 6,500 units
18,000 unts were received from the previous department
Ending WIP = 3,500 units
Conversion cost = 40%
Materials cost = 100%
Using FIFO (First in first out) process costing, we have to determine the number of units started and completed during the period
.Now, the total number of units in beginning WIP and received from the previous department is:
Units transferred in from the previous department + Units already in Finishing Department's WIP inventory = 18,000 + 6,500 = 24,500 units
Thus, a total of 24,500 units were started during the period.
The units that were completed during the period is given by:
Units started during the period - Units in ending WIP inventory= 24,500 - 3,500 = 21,000 Units
Therefore, the correct answer is d. 21,000 units.
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Questions u could ask someone in an interview about fundraising ideas
Answers
what type of fundraising ideas would you recommend?
where/how would you approach people at a fundraiser?
have you ever experienced a fundraiser?
have you ever organized a fundraiser?
what ideas can you bring to the table?
Hi CAN SOMEBODY HELP ME PLEASE YOU DON'T UNDERSTAND HOW I STRUGGLE. I WILL GIVE U BRAINLIST AND 5 STARS IF U ANSWER CORRECTLY
Answers
Technology also helps a business understand its cash flow needs and preserve precious resources such as time and physical space. Warehouse inventory technologies let business owners understand how best to manage the storage costs of holding a product. With proper technology in place, executives can save time and money by holding meetings over the Internet instead of at corporate headquarters
Your father obtained a car loan payable in lump sum in 5 years at a total amount of P800,000 with an annual rate of 15%. What is the present value?
Answers
Answer:
the present value is $397,741.39
Explanation:
The computation of the present value is shown below
As we know that
Present value = Future value ÷ (1 + rate of interest)^years
= 800,000 ÷ (1 + 0.15)^5
= 800,000 ÷ 1.15^5
= $397,741.39
Hence, the present value is $397,741.39
Which of the following is an argument in favor of government regulation in a free-enterprise system?
Responses:
-Alleviation of wealth gaps
-Higher business costs
-Competition between businesses
-Inefficient processes
Answers
An argument in favor of government regulation in a free-enterprise system response as an alleviation of wealth gaps. The correct option is (A).
What do you mean by free- enterprise system?An economic system referred to as free enterprise gives people the freedom to manage their own finances without interference from the government and as independently profitable companies.
To uphold law and order, defend the right of individuals to own property, and implement voluntarily entered-into agreements, the government has the coercive authority. In substance, the free business system functions under the protection of the government.
Therefore, an argument in favor of government regulation in a free-enterprise system response as an alleviation of wealth gaps.
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suppose the reserve ratio was 10% and a bank with no excess reserves had $100,000 deposited into a checking account.what would the potential increase in money supply be?
Answers
Lower interest rates are often a result of increased money supply, which leads to more investment and more money in consumers' hands, which in turn boosts consumption.
How much room is there to expand the money supply?By decreasing the reserve requirements for banks, which enables them to lend more money, the Fed can expand the money supply. The Fed can reduce the amount of money in circulation by increasing the reserve requirements for banks, on the other hand.
What will occur if the money supply grows?A rise in the money supply has two effects: it lowers interest rates, which encourage investment, and it puts more money in the hands of consumers, which makes them feel wealthier and encourages consumption. Businesses place more orders in response to higher sales.
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What is revenue and what is profit?
Answers
Explanation:
The income returned by an investment is revenue.
Total income or cash flow minus expenditures is profit.
Hope it will help :)
Answer:
Revenue consists of all income before costs. Profit is what remains of the income after costs.
Explanation:
Hope this helps :)
time is limeted
Which of the following steps should you take after attending a college fair?
A. Take a break from dealing with colleges for two weeks.
B. Call every college that was represented at the college fair.
C. Make a decision about which college to attend that night.
D. Continue to research colleges on your own.
Answers
Answer:
D
Explanation:
The steps that can be taken after the college fair is to continue researching colleges on your own. Therefore, Option D is correct.
What is research?Research can be defined as "creative and methodical activity done to improve the body of knowledge."
It entails gathering, organizing, and analyzing data in order to improve understanding of a subject or problem.
Therefore, The steps that can be taken after the college fair is to continue researching colleges on your own. Option D is correct.
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Jupiter Co. applies overhead based on direct labor hours. The variable overhead standard is 4 hours at $12 per hour. During February, Jupiter Co. spent $113,400 for variable overhead. 9,150 labor hours were used to produce 2,400 units. What is the variable overhead efficiency variance
Answers
Answer:
YOUR ANSWER IS GIVEN BELOW:
Explanation:
Variable overhead efficiency variance
= (SLH - ALH) * SR
= (2400*4 - 9150) * 12
= 5400 F
What are 2 pros and 2 cons of working minimum wage
Plz help
Answers
Answer:
They raise prices or reduce the number of hours worked. Worker morale, productivity, and consumer spending all increase. But the pros only outweigh the cons if the minimum wage isn't too high. Wages cannot be so high that they reduce a company's ability to keep labor costs low during a recession.
Explanation:
For all the women out there, what do y'all like a men to do for you for your birthday?
Just wondering because it's my girls birthday today and I what to surprise her with something good. Help me please.
Answers
Answer:
I'd like gifts or just spending more time with my partner, foods fine
Explanation:
Girls don't expect much and if you are willing to spend time and give a small gift, that's all
Which of the below-mentioned items can be grouped under 'product features in service industries'? Accuracy b. Timeliness c. Friendliness and courtesy d. Durability e. Esthetics
1. all the items
2. all except 'e'
3. a, b, c, e
4. a, b, c, d
5. none of the items
Answers
The answer is option 4. (a, b, c, d). The items that can be grouped under 'product features in service industries' include accuracy, timeliness, friendliness and courtesy, and durability.
However, aesthetics cannot be grouped under 'product features in service industries'.Product Features in Service IndustriesIn service industries, the services are intangible; hence, product features in service industries differ from that in manufacturing industries. Product features in service industries are grouped into five categories:Reliability - Delivering the service accurately and consistently is the foremost product feature in service industries.Responsiveness - This is a feature of service in service industries, which means that the service must be provided to the customers in a timely manner.Assurance - Ensuring that customers feel confident and secure with the service delivered by service providers in service industries.Empathy - Understanding the customers' needs and problems and responding accordingly is an essential product feature in service industries.Tangibles - Physical evidence, including service providers' attire, office ambiance, etc., is part of the product feature in service industries. Durability, accuracy, timeliness, and friendliness and courtesy are included in these features.
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Assets
Reserves$3,000
Loans47,000
Liabilities
Deposits$50,000
Refer to Table 29-6. If the Fed's reserve requirement is 5 percent, then what quantity of excess reserves does the Bank of Pleasantville now hold?
a. $500
b. $250
c. $2,000
d. $3,600
Answers
It currently has $3,000 in reserves, which means it has excess reserves of $500 ($3,000 - $2,500 = $500). Therefore, the answer is (a) $500.
A reserve requirement is the amount of funds that banks are required to hold in reserve against deposits made by their customers. The reserve requirement is set by the central bank, in this case, the Fed. In this particular question, the Fed's reserve requirement is given as 5%, which means that the Bank of Pleasantville is required to hold 5% of the total deposits made by its customers as reserves.
According to the question, the Bank of Pleasantville has $50,000 in deposits, so the required reserves are calculated as follows:
Required Reserves = Deposits x Reserve Requirement Required Reserves = $50,000 x 0.05 Required Reserves = $2,500
The excess reserves, we simply subtract the required reserves from the actual reserves, as follows:
Excess Reserves = Actual Reserves - Required Reserves Ex
The Bank of Pleasantville has $50,000 in deposits and a 5 percent reserve requirement would mean it needs to hold $2,500 in reserves:
= $50,000 x 0.05
= $2,500.
It currently has $3,000 in reserves, which means it has excess reserves of $500:
= $3,000 - $2,500
= $500.
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