A snapshot in USA Today noted that Consumers will spend an estimated average of $483 on merchandise
Question:
A “snapshot” in USA Today noted that “Consumers will spend an estimated average of $483 on merchandise” for back-to-school spending. It was reported that the value is based on a survey of 8453 consumers, and the margin of error is “±1 percentage point.” What’s wrong with this information?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 72% (11 reviews)
Solution This information is wrong because it is an average n...View the full answer
Answered By
Aricayos Apple
I'm a highly professional tutor and academic freelancer , with over 5 years of experience. I became one of best tutors in Chegg tutoring community and Course Hero having high helpful rate. I love helping students understand Business courses related, as it is my passion to tutor and and help students understand these amazing subjects as attached in my skills. I am also an expert on the subject of history related subjects since at one point had handled these subjects. I also have a bachelor's degree in bachelors of science in Business Administration from City of Malabon University in Philippines. I am currently working on getting a master's degree in the field Business Administration from City of Malabon University. Meanwhile, you can learn how to solve complex problems consistently with me.
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Mathematics questions
-
A household appliance manufacturer wants to analyze the relationship between total sales and the company's three primary means of advertising (television, magazines, and radio). All values were in...
-
1. Lenses function by refracting light at their surfaces. Consequently, their action depends not only on the shape of the lens surfaces, but also on the indices of refraction of the lens material and...
-
1. Why are people so shocked that Susan Smith apparently chose to kill her children because they had become an inconvenience? Doesn't this occur every day in abortion clinics across the country? We...
-
A load must be suspended 6 m below a high ceiling using cables attached to two supports that are 2 m apart (see figure). How far below the ceiling (x in the figure) should the cables be joined to...
-
Refer to Figure 3.56, which illustrates the convergence of TCP's AIMD algorithm. Suppose that instead of a multiplicative decrease, TCP decreased the window size by a constant amount. Would the...
-
Many experts note that organizations have been making greater use of teams in recent years. What factors might account for this trend? LO.1
-
Katie recently won a ceramic dalmatian valued at $800 on a television game show. She questions whether this prize is taxable since it was a gift she won on the show. a. Use an available tax research...
-
The Turner Corporation uses the retail inventory method. The following information relates to 2007: Required Compute the cost of the ending inventory under each of the following cost flow...
-
Problem 6-24 Equivalent annual cash flow Deutsche Transport can lease a truck for four years at a cost of 44,000 annually. It can instead buy a truck at a cost of 94,000, with annual maintenance...
-
Sherry Tsang has just started up a small corporation that produces clothing. She has applied for and received a government grant. The grant will automatically be renewed as long as the business shows...
-
USA Today provided a snapshot illustrating poll results from 21,944 subjects. The illustration showed that 43% answered yes to this question: Would you rather have a boring job than no job? The...
-
Find the mean, median, and standard deviation. Use the following weights (in pounds) of randomly selected supermodels. 125 (Taylor) 119 (Auermann) 128 (Schiffer) 125 (Bundchen) 119 (Turlington) 127...
-
Which of the following is true? a. Subprime loans became much more common leading up to the financial crisis. b. In 2006, more than half of subprime loans were hybrids. c. Hybrid home loans were...
-
A meteorologist believes that there is a relationship between the daily mean windspeed, w kn, and the daily mean temperature, t C. A random sample of 9 consecutive days is taken from past records...
-
Suppose k(x) = f(g(h(x))). Given the table of values below, determine k' (1). g(x) h(x) f'(x) g'(x) h'(x) x f(x) 1 -6 -3 3 6 -6 -6 3 -3 4 1 -7 -2 5 4 -2 7 3 1 -7 -8
-
In a research study women with metastatic stomach cancer responded to the Symptom Distress Scale and the Profile of Mood States. A correlation coefficient was reported: r = 0.5, p = 0.03. How would...
-
Charlotte, a marketing manager, is worried her firm is doing a poor job of managing the movement of finished products to the final consumer. If she is right, the company should work to improve its Mul
-
Sketch a graph of the piecewise defined function. f(x) = Sx if x 0 x+9 if x>0
-
Air FranceKLM (AF), a Franco-Dutch company, prepares its financial statements according to International Financial Reporting Standards. AFs financial statements and disclosure notes for the year...
-
Suppose that a flow network G = (V, E) violates the assumption that the network contains a path s t for all vertices V. Let u be a vertex for which there is no path s u t. Show that there must...
-
In interpreting a P-value of 0.45, a researcher states that the results are statistically significant because the P-value is less than 0.5, indicating that the results are not likely to occur by...
-
In testing a method of gender selection, 40 couples are given a treatment designed to increase the likelihood of a girl, and each couple has one baby. a. If the 40 babies include exactly 22 girls,...
-
In testing a method of gender selection, 200 couples are given a treatment designed to increase the likelihood of a girl, and each couple has one baby. a. If the 200 babies include exactly 130 girls,...
-
Finanz Inc. is a firm located in Zuerich, Switzerland. On July 1, the firm paid CHF 14,000 to its landlord for 4 months rent beginning July 1. Prepaid Rent was debited for the full amount. The firm...
-
You are trying to plan for retirement in 20 years by depositing $10,000 every 6 months in your retirement savings account for the next 25 years, until retirement. Assume that the account returns 5%...
-
a. Briefly explain price-yield relationship of a bond. b. ABJ Inc. issued 100 million bonds of $ 100 each Coupon 3.5% , Maturity 10 years. Current yield of similar bonds issued by similarly rated...
Study smarter with the SolutionInn App