Tutorial 4: Estimations 1. A process producing bricks is known to yield output whose weights are normally distributed with a standard deviation of 0.12lb. A random sample of 40 bricks from a day’s output had a mean weight of 4.07lb. (i) Find a 99% confidence interval for the mean weight of all bricks produced on that day. (ii) Estimate the smallest sample size required if the error in estimating the population mean weight of all bricks is to be within 0.03lb with 95% confidence.
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Wood Crafts‚ Inc. is a manufacturer of furniture for specialty shops throughout the Northeast and has an annual sales volume of $12 million. The company has four major product lines: bookcases‚ magazine racks‚ end tables‚ and bar stools. Each line is managed by a production manager. Since production is spread fairly evenly over the 12 months of operation‚ Sara McKinley‚ Wood Crafts’ controller‚ has prepared an annual budget divided into 12 periods for monthly reporting purposes. Wood Crafts uses
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Exercises & Problems Week Six Robert A. Dan XACC/291 January 26‚ 2014 Christopher Phillips Exercises & Problems Week Six E11-15 Before After Stock Dividend After Stock Split Shareholders’ assets Paid-in capital Ordinary shares In excess of par value Total paid-in capital Saved earnings Total shareholders’ assets 600‚000 0 600‚000 900‚000 1‚500‚000 630‚000 12‚000 642‚000 858‚000 1‚500‚000 600‚000
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Tutorial 2 Chapter 6 Question 6.2 Current tax liability in four cases The chief financial officer of Lost Weekend Ltd has asked you to calculate the taxable income and prepare the journal entry for the current tax liability in each of the following four cases. Case 1 Case 2 Case 3 Case 4 Accounting profit (loss) After debiting as expense: Goodwill impairment loss* Entertainment costs* Donation to political party* Depreciation expense – plant Long-service leave expense For tax purposes: Tax depreciation
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Quantitative Methods for Economics Tutorial 12 Katherine Eyal TUTORIAL 12 25 October 2010 ECO3021S Part A: Problems 1. State with brief reason whether the following statements are true‚ false or uncertain: (a) In the presence of heteroskedasticity OLS estimators are biased as well as inefficient. (b) If heteroskedasticity is present‚ the conventional t and F tests are invalid. (c) If a regression model is mis-specified (e.g.‚ an important variable is omitted)‚ the OLS residuals will show a distinct
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Agency Overview HCA/210 June 20‚ 2013 I chose to review the State Board of Nursing for the state of Ohio at‚ www.nursingohio.gov. The mission of the Ohio Board of Nursing is to actively safeguard the health of the public through effective regulation of nursing care ( www.nursing.oho.gov; June 2013) The agency offers nurses the ability to renew licenses and certifications online‚ enroll into refresher courses‚ sign up for state conferences and review laws and rules of the State Board. The agency
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Managerial Finance. FI515 Homework Week 6 Problems (p. 503) 12-1 AFN Equation Baxter Video Products’s sales are expected to increase by 20% from $5 million in 2010 to $6 million in 2011. Its assets totaled $3 million at the end of 2010. Baxter is already at full capacity‚ so its assets must grow at the same rate as projected sales. At the end of 2010‚ current liabilities were $1 million‚ consisting of $250‚000 of accounts payable‚ $500‚000 of notes payable‚ and $250‚000 of accruals. The
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Tutorial 1 Chapter 1 9. Outline the differences between shares and debentures. Ordinary shares attract no fixed rate of dividend‚ carry voting rights and may participate in surplus assets and profits of the company – they represent ownership of x% of the company. Ordinary shares are classified as equity. The company may issue shares either fully paid or partly paid (s. 254A). If partly paid shares are issued‚ the shareholder is liable to pay calls on the shares (except in the case of no liability
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Week 1 (6) Introduction Chapters 1‚ 2. Problem set 1.1 a. Give a definition of the process of (economic) globalization. b. For many people‚ however‚ the globalization process is more than just economic globalization‚ and the advantages and/or disadvantages of globalization are spread over a much wider area than just international economics. Give a few examples. 1.2 a. How can globalization and international economic integration be measured (3 indicators)? b. Use the three
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Elementary Statistics iLab Week 6 Statistical Concepts: * Data Simulation * Discrete Probability Distribution * Confidence Intervals Calculations for a set of variables Mean Median 3.2 3.5 4.5 5.0 3.7 4.0 3.7 3.0 3.1 3.5 3.6 3.5 3.1 3.0 3.6 3.0 3.8 4.0 2.6 2.0 4.3 4.0 3.5 3.5 3.3 3.5 4.1 4.5 4.2 5.0 2.9 2.5 3.5 4.0 3.7 3.5 3.5 3.0 3.3 4.0 Calculating Descriptive Statistics Descriptive Statistics: Mean‚ Median Variable N N* Mean SE Mean StDev
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