Questions asked
James Kiss
Numerade educator
Company Y has issued 14,000 shares of stock, which have a current market value of $23 per share. The company has a dividend yield target of 4% per annum. How much will they have to pay in dividends this quarter to meet the target?
Jennifer Stoner
A new boutique hotel has 94 rooms and needs to hire staff to clean the rooms. If a typical employee can clean a room in about half an hour, how many employees will they need each day to clean the hotel in an 8 hour shift?
Firm X purchased $32,000 worth of inventory when they opened for business, adding to the $22,000 included in the acquisition. At the end of the first quarter, inventory was valued at $24,000. What was cost of goods sold (COGS) for the quarter?
Gregory Higby
Company X has monthly fixed costs of $62,000 and a unit variable cost of $13. How many units do they have to sell at $31 to break even?
Robin Corrigan
A study found that highway drivers in one state traveled at an average speed of 58.2 miles per hour (MPH). Assume the population standard deviation is 6.9 MPH. What is the probability that a sample of 30 of the drivers will have a sample mean less than 57 MPH?
Aparna Shakti
The homeownership rates in a certain country have been declining. The country's homeownership rate was 48.8% in 2017 (compared to 59.6% in another country). Suppose, from a random sample of 287 households in the country in 2018, were occupied by the owners of the residence. Construct a 95% confidence interval to estimate the actual proportion of households in the country that are occupied by their owners in 2018. The confidence interval has a lower limit and an upper limit of
Kirsty Gledhill
Determine the sample size n needed to construct a 99% confidence interval to estimate the population proportion when 0.63 and the margin of error equals 6%.
Hoan Nguyen
A country's tax collection agency reported that 86% of individual tax returns were filed electronically in 2017. A random sample of 238 tax returns from 2018 was selected. From this sample, 198 were filed electronically. Construct a 95% confidence interval to estimate the actual proportion of taxpayers who filed electronically in 2018. The confidence interval has a lower limit and an upper limit
Hubert Agamasu
Determine the sample size needed to construct a 99% confidence interval.
Ivan Kochetkov
A producer of a variety of salty snacks would like to estimate the average weight of a bag of BBQ potato chips produced during the filling process at one of its plants. Determine the sample size needed to construct a 99% confidence interval.