Household income in the us
Determine if this statistical study is descriptive or inferential:
A study finds that the median household income in the US has declined over the last two years.
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They select a random sample of 200 people to estimate the percentage of who owns their home. What is the percentage that at least 140 people own their home?
Nova's diamond bracelet was stolen in 2011. She originally paid $9,800 for the bracelet, but it was worth considerably more at the time of the theft. Nova filed an insurance claim for the stolen bracelet.
Sales are collected 50% in the month of sale, 30% in the month following sale, and 19% in the second month following sale. 1 percent of sales is uncollectible and expensed at the end of the year.
Andree is about to graduate college with a management degree. She has been offered a job as a sales representative for a pharmaceutical company.
Determine if this statistical study is descriptive or inferential: A study finds that the median household income in the US has declined over the last two years.
Pueblo Co. acquires machinery by paying $10,970 cash and signing a $4,400, 2-year, zero-interest-bearing note payable. The note has a present value of $3,922, and Pueblo purchased a similar machine last month for $13,710.
Suppose 45 shoppers are interviewd. What is the probability that no more than 28% of shoopers say they are likely to purchase the bags?
Provide a different example for each of the following types of variables from your work or home life:
Cash dividends of $26,000 were paid, $5,000 of which were to preferred stockholders. Compute the following ratios for 2012. Earnings per share, price-earning, pay-out, times interest earned
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