In order to determine the average weight of carry-on luggage by passengers in airplanes, a sample of 25 pieces of carry-on luggage was collected and weighed. The average weight was 18 pounds. Assume that we know the standard deviation of the population to be 7.5 pounds
a. Determine a 97% confidence interval estimate for the mean weight of the carry-on luggage.
b. Determine a 95% confidence interval estimate for the mean weight of the carry-on luggage.
a. 14.745 to 21.255
b. 15.06 to 20.94
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Jasper makes a $78,000, 90-day, 7% cash loan to Clayborn Co. Jasper's entry to record the transaction should be:
A. Debit Notes Payable $78,000; credit Accounts Payable $78,000. B. Debit Notes Receivable for $78,000; credit Cash $78,000. C. Debit Accounts Receivable $78,000; credit Notes Receivable $78,000. D. Debit Cash $78,000; credit Notes Receivable for $78,000. E. Debit Notes Receivable $78,000; credit Sales $78,000.
Why is it important for an MPR professional to clearly understand a firm's positioning and resources during the early stages of developing an MPR plan? Explain your answer in detail
What will be an ideal response?
Why does decoupling often occur in organizations?
a. Leaders commit to long-term goals but then don't follow through. *b. Implementation of the policy would compete with other organizational goals or profitability. c. The policy looks good at the theoretical level but execution is problematic. d. The stated policy is created to reflect a positive corporate image, however it may not be practical to implement
Fact Pattern 21-1BFirst State Bank issues a letter of credit in favor of Oboe Company, an American firm, to facilitate an international sales contract to buy resources from Lapland Mining, Ltd., a Finnish company.Refer to Fact Pattern 21-1B. Lapland is entitled to payment when it
A. enters into the contract with Oboe. B. verifies that Oboe has the money to pay for the purchase. C. complies with the terms and conditions of the letter of credit. D. asks to be paid.