You take a random sample to estimate a population mean and your results have a confidence level of 80%. That means the process you used will give you correct results 80% of the time
Indicate whether the statement is true or false
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Fantastic Futons goes through two departments in the production process. Each futon requires two direct labor hours in Department A and one hour in Department B. Labor cost is $8 per hour in Department A and $10 per hour in Department B. Assuming the amount budgeted to be produced in January is 30,000 units, what is the budgeted direct labor cost for January?
a. $810,000 b. $840,000 c. $780,000 d. $540,000
Spartan Company purchased interior decoration material from Egypt for 100,000 Egyptian pounds on September 5, 20X8, with payment due on December 2, 20X8. Additionally, on September 5, Spartan acquired a 90-day forward contract to purchase 100,000 Egyptian pounds of E£ = $.1850. The forward contract was acquired to manage the exposed net liability position in Egyptian pounds, but it was not designated as a hedge. The spot rates were: September 5, 20X8E£1 =$0.1835 December 2, 20X8E£1 =$0.1865 Based on the preceding information, in the entry made on December 2nd to revalue foreign currency receivable to current equivalent U.S. dollar value,
A. Foreign Currency Transaction Gain will be credited for $150. B. Other Comprehensive Income will be credited for $300. C. Accounts Payable will be debited for $18,350. D. Foreign Currency Units will be debited for $18,500.
Answer the following: a. What is the Magnuson-Moss Warranty Act? b. What is a statute of repose?
Given that z is a standard normal random variable, what is the value of z if the area to the left of z is .9382?
a. 1.8 b. 1.54 c. 2.1 d. 1.77