This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A cost accountant wishes to establish the average amount, , spent by executives per day on travel ... (Read 71 times)

kodithompson

  • Hero Member
  • *****
  • Posts: 566
on: Jun 24, 2018
A cost accountant wishes to establish the average amount,  , spent by executives per day on travel and lodging. Then a comparison, between the average and the amount turned in to be reimbursed, will be made and unreasonably high or low expense amounts audited. A random sample of 50 executive expense receipts is taken. The average in the sample was 208 . From a similar survey the standard deviation of the amounts is approximately  = 29 . The accountant prepares a 90-percent confidence level for . What is the confidence interval? ___________________ _ to ___________________ _
 Fill in the blank(s) with correct word

Question 2

Determine the limits of the 75 confidence interval for , given that n = 90; x = 50; and  = 12. ___________________ _ to ___________________ _
 Fill in the blank(s) with correct word


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Briannahope

  • Sr. Member
  • ****
  • Posts: 364
Reply #1 on: Jun 24, 2018
Answer to Question 1

201.25; 214.75

Answer to Question 2

48.5; 51.5


kodithompson

  • Member
  • Posts: 566
Reply 2 on: Jun 24, 2018
Thanks for the timely response, appreciate it

juliaf

  • Member
  • Posts: 344
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Did you know?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

Water amount needed to grow crops Water amount needed to grow crops
Find the final amount if the initial amount is 400 units. Find the final amount if the initial amount is 400 units.
Average household size Average household size
Time spent on, paid work and housework, by living arrangements of Canadian Time spent on, paid work and housework, by living arrangements of Canadian
A random sample of 87 airline pilots recruited by an airline service had an average yearly ... A random sample of 87 airline pilots recruited by an airline service had an average yearly ...
Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price. Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price.
Video: Mendel's Pea Experiment

For a complete list of videos, visit our video library