A random sample of size 15 taken from a normally distributed population revealed a sample mean of 75 and a sample variance of 25 . The upper limit of a 95% confidence interval for the population mean would equal:
a. 77.77
b. 72.23
c. 88.85
d. 77.27
A
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A resource used as though it belongs to all is referred to as a:
A) social good B) commons C) social bad D) free rider E) social externality
Westmoreland Company Following are selected data from Westmoreland Company's financial statements. 2017 2016 Current liabilities $230,000 $160,000 Long-term debt 120,000 320,000 Stockholders' equity 420,000 540,000 Cash payments for additions to plant and equipment 45,000 32,000 Net cash flow from operating activities 80,000 51,000 Interest and principal payments 12,000 8,000 Net operating cash
flows before interest and taxes 68,000 43,000 Net income 90,000 72,000 Interest expense 8,500 11,500 Income taxes 16,000 14,500 Dividends paid 15,000 30,000 Refer to the Westmoreland Company data. The company's debt-to-equity ratio was 0.83 to 1 in 2017 and 0.89 to 1 in 2016 . Which of the following statements is true concerning Westmoreland? a. The company has a smaller percentage of capital from owners at the end of 2017 than at the end of 2016. b. The company relied more on creditors for financing during 2017 than in 2016. c. The company is improving its debt-to-equity ratio. d. The company appears to be in a weaker position at the end of 2017 to finance capital expenditures from cash flow generated by operating activities.
Which of the following factors DOES NOT need to be specified when using a statistical package to determine the appropriate sample size for a research study?
A) precision level B) confidence level C) population standard deviation D) population demographics E) C and D
Moonbeam Company is considering purchasing a new machine for $80,000. The new facility will generate annual net cash inflows of $20,000 for six years. At the end of the six years the machine will have no residual value. The company uses straight-line depreciation, and its stockholders demand an annual return of 12% on investments of this nature.
Requirements
1. Compute the payback, the ARR, the NPV, the IRR, and the profitability index of this investment.
2. Recommend whether the company should invest in this project.