Describe how you obtained your random sample

Assignment Help Finance Basics
Reference no: EM131144307

Randomly select 100 purchases from your checkbook or 100 credit card purchases that you have made in the past year. Do not mix checks and credit card purchases; pick one or the other for this study. Would you expect the cents portion of the checks to be evenly represented?

Explain why or why not before collecting your sample.

Record the cents portion of those checks into the following table:

2036_f.jpg

Use a .05 significance level to test the claim that the four categories are equally likely.

Describe how you obtained your random sample. Did you have any difficulties making a true random sample? What population is your sample describing? Is it representative of most check or credit purchases in the US/>/>?

Did your results support your expectation? Provide anexplanation

Reference no: EM131144307

Questions Cloud

Compute the accounts receivable turnover ratio : Enter the January 1, 2010, balances in Accounts Receivable and Allowance for Doubtful Accounts, post the entries to the two accounts (use T accounts), and determine the balances.
The only transactions that affected accounts receivable : The only transactions that affected accounts receivable during 2010 were net credit sales of $1,000,000, cash collections of $900,000, and accounts written off of $30,000.
Prepare the entry to record the issuance of the note : Prepare the entry to record the dishonor of the note, assuming that Kleinsorge Company does not expect collection in the future.
Singletary prepares adjusting entries once a year : Prepare journal entries to record the transactions. Singletary prepares adjusting entries once a year on December 31.
Describe how you obtained your random sample : Describe how you obtained your random sample. Did you have any difficulties making a true random sample? What population is your sample describing? Is it representative of most check or credit purchases in the US/>/>?
Record the following transactions for sandwich corporation : Record the following transactions for Sandwich Co. in the general journal.
What is its transition matrix : The pattern is, count heads, toss heads, count tails, toss tails, count heads, toss heads, etc., and X0 = 3. Then (Xn) is a Markov chain. What is its transition matrix?
Record the collection of the givens note at its maturity : Orosco Supply Co. has the following transactions related to notes receivable during the last 2 months of 2010.
Describe the type of industry in which cr. plastics compet : Describe the type of industry in which C. R. Plastics competes. Are there competitive factors that could limit the future success of the company despite the recent growth that has been experienced?

Reviews

Write a Review

Finance Basics Questions & Answers

  What three basic documents are necessary to conduct

What three basic documents are necessary to conduct a typical foreign commerce trade? Briefly discuss the purpose of each.

  Concepts in strategic management and business policy

Resources: Riordan Virtual Organization, Concepts in Strategic Management and Business Policy, and Competitive Advantages Paper

  The full costing method is the only method

Is it ethical for a business owner to overlook sound business decisions just because the the full costing method is the only method that is accepted by GAAP?

  What is the better savings vehicle and why

You expect to have college tuition bills at either Queens College or NYU in 18 years. Tuitions are expected to rise at a rate of 4.9% per year. Your salary is expected to rise at 3% per year.

  Why do net income and cash flow in the numerical examples

Why do net income and cash flow in the numerical examples in this chapter both grow at the same rate (g) in the terminal value period? Why is this important?

  What is the post-money valuation for the series d

Assuming that you own only the Series A preferred stock (and that each share of all series of preferred stock is convertible into one share of common stock), what percentage of the firm do you own after the last funding round?

  The swap dealer faces no credit risk; only the counterpartie

A financial transaction where two borrowers exchange interest payments on their respective debts.

  What is the dollar size of the issue

Final earnings estimates for Chilean Health Spa & Fitness Center have been prepared for the CFO of the company and are shown in the following table. The firm has 7,500,000 shares of common stock outstanding.

  Computation of expected value and standard deviation

Computation of expected value and standard deviation and What is the expected value of unit sales for the new product

  Explain the process of a money market hedge

Explain the process of a money market hedge and compute the dollar cost of meeting the yen obligation. Conduct a cash flow analysis of the money market hedge.

  Calculate xyz''s capital structure

XYZ's Long Term Debt is comprised of 25-year $1,000 face value bonds issued 8 years ago at a 7% coupon rate.  The bonds are now selling to yield 10%.  Their Preferred Stock is from a single issue of $100 par value, 6%.  Preferred stock is now selling..

  Calgary industries inc is considering a new project that

calgary industries inc. is considering a new project that costs 25 million. the project will generate after-tax

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd