Question

(0)

________ and ________ are the extremes of economic systems:

Question 2 options:

Pure capitalism; communism

Socialism; pure capitalism

Marxism; communism

Mixed economy; socialism

None of the above

Answers

Answer 1

Pure capitalism and communism are two extreme economic systems that represent different approaches to the organization and ownership of resources and means of production.

Pure capitalism, also known as laissez-faire capitalism or free-market capitalism, is an economic system where the means of production, distribution, and exchange are privately owned and operated for profit. In pure capitalism, market forces of supply and demand determine prices, production, and resource allocation. There is limited government intervention, and individual freedom and competition are emphasized.

Communism, on the other hand, is a socioeconomic system where the means of production are commonly owned, and there is no private ownership of resources.

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Related Questions

GUYS PLEASE HELP ME!!!!!20 POINTS!!!!
Select the communication type that is being used in the following example.
Two co-workers near the copy machine are discussing the upcoming company meeting.

external formal communication
external informal communication
internal formal communication
internal informal communication

Answers

Answer:

exchange of information between people; the sending and receiving of messages. Communication can be separated into two groups verbal and non-verbal and again into formal or informal communications, an example of verbal and formal meaning communication is being conducted in a professional manner that's direct meaning face to face.

Explanation:

A person earns $40,000 per year. She deducts $2,000 for charitable donations. She also receives a $3,000 tax credit. What is the person's gross income

Answers

A person's annual income is $40,000. She subtracts $2,000 for donations to charity. If she is also given a $3,000 tax credit, her total income would be $38,000.

What is the tax credit?

Tax credits are financial incentives that let some taxpayers deduct their accumulated credits from the total amount they repose on the state.

It can also be called as a “discount” that is offered by the state in some circumstances, or a credit given in recognition of prior tax payments. It is not considered as a part of person's income.

The person's gross income would be $38,000 ($40,000 – $2000), here, the Gross Income does not include the deduction, this is considered in the Net taxable income.

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what is one of the distinguishing characteristics that sets terrorist financing apart from money laundering and makes it difficult to detect?

Answers

Answer:

The origin of the funds

Explanation:

hope it helped

The most basic difference between terrorist financing and cash laundering involves the starting place of the price range. Terrorist financing uses finances for an unlawful political cause, however, the cash isn't always necessarily derived from illicit proceeds.

What is money laundering?

Money laundering involves disguising financial belongings in order that they can be used without detection of the unlawful pastime that produced them. Thru cash laundering, the crook transforms the economic proceeds derived from a crook pastime into finances with a seeming prison supply.

Money laundering is illegal due to the fact it's miles a way for criminals to benefit from crime and frequently involves multiple unlawful activities. Both the act and the foundation of money laundering make it unlawful.

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PLEASE HELP MEEEE PLEASE!!!!!!!!!!!!!!!!!
Which of these describes an aspect of a product benefit?
Answer Choices:
A. Appeal to our senses
B. The advantages of product features
C. Relate to the quality of the merchandise
D. Physical in nature

Answers

Answer:

B or C, probably B

Explanation:

do chip credit cards protect against online purchases

Answers

Answer:

Protecting Against Payment Card FraudExplanation:

The chips do nothing to protect against online payment card fraud, which depends on account numbers and passwords rather than the physical cards. As one security expert noted, computers and mobile devices don't have card readers attached.

Which job in the Finance career pathway is best for someone with knowledge of risk factors for insurance claims?

Accounts Clerk
Insurance Underwriter
Claims Clerk
Business Financial Manager

Answers

Answer:

claims clerk im pretty sure ;)

Explanation:

The job in the Finance career pathway that is best for someone with knowledge of risk factors for insurance claims is Claims Clerk.

Insurance claim

An insurance claim is a formal request by a policyholder to an insurance company for coverage or compensation for a covered loss or policy event. The insurance company validates the claim and, once approved, issues payment to the insured or an approved interested party on behalf of the insured. For property casualty insurance, such as for your car or home, filing a claim can cause rate hikes to your future premiums.

Claims Clerk

A claims clerk is vital to ensure that insurance companies run smoothly and settle disputes over denied claims efficiently. This position is a mediator between the insurance company and a person filing for claims to come to terms.  

Thus. the job in the Finance career pathway that is best for someone with knowledge of risk factors for insurance claims is Claims Clerk.

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Find an article dealing with an opinion poll on a local, state ,or national issue. Write a paragraph summary of when and how the poll was conducted, and what the results indicated.

Answers

Here is an article from CNN about a recent national opinion poll on the United States' response to the COVID-19 pandemic:

According to a CNN poll conducted in early February 2021, 69% of Americans approve of President Joe Biden's handling of the COVID-19 pandemic. The poll was conducted by SSRS, a research firm that specializes in survey research. The poll surveyed 1,004 adults across the United States and had a margin of error of plus or minus 3.7 percentage points. The poll also found that 60% of Americans believe that the worst of the pandemic is yet to come, despite the country's recent progress in vaccine distribution. Additionally, 93% of respondents said they have worn a mask in public in the past week, a sharp increase from similar polls conducted last year. The poll's results indicate that the majority of Americans are supportive of the current administration's efforts to combat the ongoing pandemic

the process of polling potential investors regarding their interest in a forthcoming initial public offering (ipo) is called .

Answers

The process by which an underwriter tries to ascertain the price at which an initial public offering (IPO) will be launched is called book building.

By asking institutional investors (such as fund managers and others) to submit bids for the number of shares and the price(s) they would be ready to pay for them, an underwriter, typically an investment bank, develops a book.

In practice, firms now price their IPOs through book building rather than the "fixed pricing" strategy, in which the price is decided before investor participation. In order to arrive at an issue price that would satisfy both the firm providing the IPO and the market, the price discovery process first entails creating and tracking investor demand for shares.

All of the major stock exchanges highly advocate it as the most effective method of pricing equities.

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A simple machine has efficiency 90%.What does it mean?No machine has 100%efficiency,Why?​

Answers

Answer with explanation:

1) it means tht the machine can do it's work in a 90% in a good way

2) no machine is free from the effects of gravity, and even with wonderful lubrication the energy a machine produces is always less than the work put into it that's why 100% efficency isnt possible in machines.

Best of luck!!!

Write a question keep it simple

Answers

Answer:

Why do people break up if they love each other?

Explanation:

sorry it's not simple lol

Frontier airline has gained success because enough travelers are willing to trade off carrying extra items for a lower price ticket. The ________ reflects the capture of value in the marketing exchange.

Answers

The price reflects the capture of value in the marketing exchange. A marketing transaction occurs whenever two or more parties exchange goods or services.

According to marketing theory, every exchange should result in "utility," which means that the value of what you trade must be lower than the value of the benefit you receive. Naturally, transactions in the real world are much more nuanced.

According to marketing theorists, exchange is the key idea without which there could be no marketing. Both sides must have something of value to offer one another in order for an exchange to take place. For instance, a man walking into a coffee shop might have enough cash to buy a cup of coffee while the cafe has the coffee. Communication between the parties is necessary.

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Why are files naming conversation essential

Answers

Without everyone using the same system, it would be impossible to know locate folders or files. Where would you go to set up margins on a letter? Which actions should be done throughout the mail merge process?

I Hope I Helped

The income of a farmer is uncertain because of the weather shocks her farm is exposed to. In the good state of nature, which happens with 20% probability, her yield will be worth $10,000, while in the bad state of nature, which happens with 80% probability, her yield will be worth $5,000. The farmer’s utility (happiness) u depends only on the value of her wealth w according to the function: u(w) = ln(w). A. Calculate the farmer’s expected yield in the absence of insurance. B. Calculate the farmer’s expected utility in the absence of insurance. The farmer receives an offer to purchase an insurance product which will give her $5,000 in the bad state of nature in exchange for an up-front non-refundable fee (insurance premium) of $3,500. She has no other insurance mechanism available. C. Calculate the farmer’s expected utility if she purchases the insurance product. D. Will the farmer choose to purchase the insurance product? Suppose now that the fee is $4,500. E. Will the farmer purchase the insurance product if the fee is $4,500 instead?

Answers

Comparing her expected utility without insurance is 8.6995, while her utility with insurance is 9.1164. Therefore, the farmer will still choose to purchase product even if the fee is $4,500 instead of $3,500.

A. The expected yield of the farmer in the absence of insurance can be calculated as follows:

Expected yield = (0.2 x $10,000) + (0.8 x $5,000) = $6,000

Therefore, the expected yield of the farmer in the absence of insurance is $6,000.

B. The expected utility of the farmer in the absence of insurance can be calculated using the following formula:

Expected utility = ln[(0.2 x $10,000) + (0.8 x $5,000)]

Expected utility = ln($6,000)

Expected utility = 8.6995

Therefore, the expected utility of the farmer in the absence of insurance is 8.6995.

C. If the farmer purchases the insurance product, her yield in the bad state of nature will be $5,000 + $3,500 = $8,500. Therefore, her expected yield will be:

Expected yield = (0.2 x $10,000) + (0.8 x $8,500) = $8,200

The expected utility of the farmer with insurance can be calculated as follows:

Expected utility = ln[(0.2 x $10,000) + (0.8 x $8,500)]

Expected utility = ln($8,200)

Expected utility = 9.0129

Therefore, the expected utility of the farmer with insurance is 9.0129.

D. To determine whether the farmer will choose to purchase the insurance product, we need to compare her expected utility with and without insurance. Without insurance, her expected utility is 8.6995. With insurance, her expected utility is 9.0129. Therefore, the farmer will choose to purchase the insurance product because it increases her expected utility.

E. If the fee for the insurance product is $4,500 instead of $3,500, then her expected yield in the bad state of nature will be $5,000 + $4,500 = $9,500. Her expected yield will be:

Expected yield = (0.2 x $10,000) + (0.8 x $9,500) = $9,200

The expected utility of the farmer with insurance can be calculated as follows:

Expected utility = ln[(0.2 x $10,000) + (0.8 x $9,500)]

Expected utility = ln($9,200)

Expected utility = 9.1164

Comparing her expected utility with and without insurance, her expected utility without insurance is 8.6995, while her expected utility with insurance is 9.1164. Therefore, the farmer will still choose to purchase the insurance product even if the fee is $4,500 instead of $3,500.

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Question 2. Small Town Sweets—audit planning analytics (4%)
Small Town Sweets is based in Molong, NSW, and produces a range of high-quality confectionery for the East Coast market. Small Town Sweets operates in a low-margin environment, which typically means that large volumes are required to cover overhead costs and generate profits. It also means that overheads need to be kept under control to ensure that a net profit is generated from its operations. Debt is also kept to a minimum to ensure that interest costs are low and that there is sufficient margin to protect solvency during downturns.
The company did not reach industry profitability benchmarks in the previous year and budgeted to do better in the current year. It thought that it could do so by keeping its costs down in relation to sales while allowing its gross margin to drop, evidently planning to generate a larger volume of sales. The company also planned to better manage its working capital by reducing inventory and accounts receivable levels, indicating that it expected to produce a healthy cash flow to enable it to do so. As part of the planning process MCA has produced the following analytical information:
Ratio Actual Budgeted Prior Year Industry
Return on equity % 12.9 16.6 14.8 15.5
Return on total assets % 10.7 14.2 13.1 14.5
Gross margin % 8.5 9.0 9.5 9.0
Marketing expense/sales % 2.6 1.8 2.0 2.2
Admin expenses/sales % 1.6 1.6 1.8 2.0
Interest coverage ratio 5.4 8.1 6.4 6.0
Days in inventory 33.1 30.4 31.1 30.0
Days in accounts receivable 50.0 48.0 49.7 45.0
Current ratio 1.3 1.2 1.2 1.5
Quick asset ratio 0.81 0.77 0.77 1.0
Debt to equity ratio 0.51 0.33 0.41 0.40
Required
With reference to ASA 315 and the information above, identify and justify:
the three ratios that would be of most interest in the planning of the audit.
the account balance that is most at risk for each ratio identified in 1.
the assertion most at risk for each account balance identified in 2.
Answer this question using the following headings:
1. Ratio
2. Account balance
3. Assertion

Answers

Ratio:

a) Return on equity %

b) Days in inventory

c) Days in accounts receivable

Account balance:

a) Net income

b) Inventory

c) Accounts receivable

Assertion:

a) Existence

b) Valuation

c) Completeness

Justification:

Ratio:

a) Return on equity %: Return on equity is a key profitability ratio that measures the company's ability to generate profits for shareholders. It is of interest to auditors as it provides insight into the effectiveness of the company's management team in generating profits. A lower than expected return on equity could indicate mismanagement or fraudulent activity.

b) Days in inventory: Days in inventory is a ratio that measures the average number of days it takes for inventory to be sold. It is of interest to auditors as it provides insight into the efficiency of the company's inventory management system. A high number of days in inventory could indicate that inventory is not being managed efficiently, leading to potential overstatement of inventory and understatement of cost of sales.

c) Days in accounts receivable: Days in accounts receivable is a ratio that measures the average number of days it takes for customers to pay their bills. It is of interest to auditors as it provides insight into the efficiency of the company's accounts receivable management system. A high number of days in accounts receivable could indicate that the company is not collecting receivables in a timely manner, leading to potential overstatement of accounts receivable and understatement of bad debts.

Account balance:

a) Net income: Net income is the primary measure of a company's profitability. It is at risk if the return on equity ratio is lower than expected, as it may indicate mismanagement or fraudulent activity.

b) Inventory: Inventory is a major component of cost of sales and is at risk if the days in inventory ratio is higher than expected, as it may indicate potential overstatement of inventory and understatement of cost of sales.

c) Accounts receivable: Accounts receivable represent amounts owed to the company by customers. They are at risk if the days in accounts receivable ratio is higher than expected, as it may indicate potential overstatement of accounts receivable and understatement of bad debts.

Assertion:

a) Existence: The existence assertion is at risk for net income if the return on equity ratio is lower than expected, as it may indicate mismanagement or fraudulent activity.

b) Valuation: The valuation assertion is at risk for inventory if the days in inventory ratio is higher than expected, as it may indicate potential overstatement of inventory and understatement of cost of sales.

c) Completeness: The completeness assertion is at risk for accounts receivable if the days in accounts receivable ratio is higher than expected, as it may indicate potential overstatement of accounts receivable and understatement of bad debts.

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A form that records the direct materials, direct labor, and manufacturing overhead cost charged to a job is called a ________________________.

Answers

Answer:

Bill of materials

Explanation:

when you are reading and come to an unknown word what should you do first? a.look for clues in the text b. skip it and keep reading c.look it up in a dictnoiry d.ask the teacher what it means. make sure to have an explanation

Answers

Answer:

I sound it out

Explanation:

and the word is conjunction

ж I NEED HELP!
Read the whole question Before answering!

Q. Imagine you are a fashion designer. Research on how to start your own fashion clothing brand.
Write down the process you need to follow to start your own fashion clothing brand.
Think about the conditions one has to meet to ensure the quality of the clothes (manufacturing and the cost of clothes).
If possible draw the flow chart to describe the steps, which will be taken by the fashion designer (or you) in making a decision.

I might give Brainliest to the one who answers correctly along with the flow chart.

Answers

The process you need to to start a fashion clothing brand.

Fist step is to recognized the fashion need in the market. Create your business plan. Know your specific audience. Start drawing and then designing the clothlook for a good clothing makerChoose and Make a brand name, logo, etc.Set a target price and start marketing/distribution process..

What is Clothing Brand?

This is known to be that key Identification that pertains to a given Manufacturer and it is one that is only used in the line of business such as manufacturing, distributing, etc., of clothes.

Note that by flowing the steps above, one can make a great fashion brand in the long run.

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1. Assume you are a government employee working at an agency that manages G, and you believe in the moral ideal and necessity of the G mission. Congress passes a law saying that the agency needs to do XYZ. Your boss and the head of the agency come to you telling you XYZ will harm the G mission, so you must do ABC instead. What’s the right thing to do? How can you tell?
2. Describe a metric that you have experienced, or find a real life example in an online article or post [share the link if possible]. How could people subvert the intent of the metric, and what problems could this create?

Answers

1. When facing a situation where there is a conflict between what Congress mandates and what your boss and the head of the agency suggest, determining the right thing to do can be challenging. Here are some steps you can take to make an informed decision:

a) Understand the objectives: Evaluate the intended goals and objectives of both XYZ and the G mission. Determine how each option aligns with the agency's mission and the values you believe in.

b) Gather information: Seek out information and evidence that supports or refutes the claims made by your boss and the head of the agency regarding the potential harm to the G mission. Consider consulting experts or conducting research to gain a deeper understanding of the potential consequences.

c) Analyze the trade-offs: Assess the trade-offs involved in each option. Consider the short-term and long-term implications, as well as the potential benefits and drawbacks of following XYZ versus ABC. Evaluate which option aligns better with the overall mission and values.

d) Seek guidance: If possible, engage in discussions with colleagues, superiors, or mentors who may have expertise in the area or who can provide alternative perspectives. Their insights can help you gain a broader understanding of the situation and guide your decision-making process.

e) Weigh ethical considerations: Consider any ethical implications associated with both options. Evaluate whether following XYZ or ABC would adhere to principles such as honesty, integrity, and the best interest of the public or stakeholders involved.

f) Make a well-informed decision: Based on the information, analysis, and guidance you have gathered, make a decision that you believe best serves the G mission and upholds your moral ideals. Communicate your decision clearly, providing the rationale behind it, and be prepared to engage in further discussions or advocacy if necessary.

Ultimately, the right thing to do is subjective and can vary based on individual perspectives. It is essential to carefully consider the information available, the impact on the agency's mission, and the ethical implications before making a decision.

2. One example of a metric that could be subverted is employee performance ratings. In some organizations, employees are assessed based on metrics such as the number of sales made, customer satisfaction scores, or meeting specific targets. However, subverting the intent of these metrics can lead to problems.

For instance, consider the case of a sales team that is evaluated based on the number of sales made. If the focus is solely on quantity, employees may resort to unethical practices such as misrepresentation or aggressive sales tactics to meet their targets. This subversion of the metric undermines the intended purpose of evaluating sales performance and can damage customer relationships, reputation, and trust in the organization.

Subverting metrics can create a range of problems, including a focus on short-term gains, neglect of other important aspects, erosion of ethical behavior, and distortion of outcomes. It is important for organizations to design metrics carefully, consider potential subversions, and have mechanisms in place to monitor and address any unintended consequences.

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which method of financing a company results in a reduction of ownership?

Answers

Equity Financing(sorry if this is incorrect not completely sure)

Jared had studied extremely hard for his math test and believed he had understood the material and memorized the formulas. As he entered the classroom and sat at his desk, he began to worry. He was fearful that he had not prepared enough to do well on the test. The tests were passed out, and he turned his over to begin. As he read the first question, he panicked and his mind went blank. He had a classic case of test anxiety. Which of Jared’s anxiety reactions was physical? He panicked. He began to worry. He was fearful. His mind went blank.

Answers

Answer:

He began to worry.vvv

Explanation:

Answer:

"(A)" not 100% percent sure but I'm 99.9 percent sure it's right because I am very confident in my decision

Explanation:

tell me in the comments if it's right, if it's wrong I'll change my answer as soon I notice but please don't hate because this is what I think

Checking a credit report is a good way to

know whether credit is improving.
reduce the amount of money owed.
determine which debts to pay off.
decrease interest payments.

Answers

I think its A cuz its about good or bad credit all the time

Checking a credit report is a good way to know whether credit is improving.

What is a credit report?

A credit report refers to a statement that has information about your credit activity and current credit situation such as loan paying history and the other status of your credit accounts.

A credit report contains personal information, credit account history, credit inquiries and public records. This information is reported by your lenders and creditors to the credit bureaus. Your credit report can be used in a variety of situations, from getting a credit card to buying a house or even applying for a job.

Why is checking a credit report important?

Checking your credit history is a good way to know whether credit is improving. It also helps you in understanding your current credit position.

Thus, regularly checking your credit reports can help you be more aware of what lenders may see and it can also help you detect any inaccurate or incomplete information.

Hence, option A is correct.

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6
A company that is located in the U.S. and sells its product to customers in Mexico is participating in what?
A. Demographics
B. News media
C. The global marketplace
D. Web marketing

Answers

Answer:

c

Explanation:

the global marketplace

Answer:

C

Explanation:

got it right on Edge

What is the difference between crowd sourcing and crowd funding?

a) crowd sourcing carries fewer risks

b) crowd funding had money back guarantees

c) crowd sourcing was replaced by crowd funding

d) crowd funding has a financial aspect

Answers

Answer:

a) crowd sourcing carries fewer risks

Explanation:

Crowd sourcing: The term "crowd sourcing" is described as a phenomenon that encompasses the procedure of sourcing skills or information or some end products from a particular group or groups of different people.

Crowdfunding: The term "crowdfunding" is described as a phenomenon that encompasses the procedure of sourcing funds or money from a specific group of groups of different people.

In the question above, the correct answer is option a.

Answer:

crowd funding has a financial aspect

which of these is one of the two goals to product development?
1 insurance
2 improvement
3 sales
4 quantity

Answers

Option 2, is one of the important goals in product development, because it represents the fundamental aim of the production of a particular good, since the better the good, the higher the demand, thereby increasing sales.

What are sales?

Sales refers to a transaction between two or more parties that involves the exchange of  goods which could either be tangible or not, rendering of services,  for money. Cash is either paid to a seller, or an asset can be given.

in essence, sales is represents a contract between a seller of a particular good or service and a buyer who is in need of the good or service, and is willing to pay for that good or service.

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Which of the following would be an advantage of engaging in international
trade over domestic trade?
A. Higher cost of production due to higher labor costs
B. Larger growth opportunities based on market size
C. Clear understanding of laws and statues concerning business
operations
D. Less choice for consumers because of fewer products

Which of the following would be an advantage of engaging in internationaltrade over domestic trade?A.

Answers

Answer:

B. Larger growth opportunities based on market size

Explanation:

Took the test and guessed it correctly

ways in which landscape can be created .plz answer this ​

Answers

Answer:

finding land and making the land into wha ever yu want

Explanation:

hopes this helps

i believe this is business but idk but if anyone could help me with this that would be amazing

i believe this is business but idk but if anyone could help me with this that would be amazing

Answers

The correct answer is a Car salesman

Explanation:

Event planners are professionals in planning and organizing events, which includes weddings, conferences, birthday parties, festivals, among others. Moreover, planning events involves multiple elements such as music, food, decoration, among others and this makes event planners be in contact with vendors (companies or people that sell specific products or services).

In this context, an event planner is likely to be in contact with musicians because music is an essential element in many events, caterers because food is quite common in events, and florists because flowers are often used as part of the decoration. However, it is not likely event planners are in contact with a car salesman because most events do not require buying cars and this is not a common element in events.

to make certain that someone like ""tina"" is spending their money wisely?

Answers

To ensure that someone like "Tina" is spending their money wisely, it is important to practice financial literacy, budgeting, and making informed purchasing decisions.

What can be done to help individuals like "Tina" make wise spending choices?

Financial literacy plays a crucial role in guiding individuals like "Tina" to make informed decisions about their spending. By understanding concepts such as budgeting, saving, and investing, individuals can develop the necessary skills to manage their finances effectively. Creating a budget allows for better tracking of income and expenses, enabling "Tina" to allocate funds wisely and prioritize necessary purchases. Additionally, being an informed consumer involves conducting research, comparing prices, reading reviews, and considering value for money before making purchasing decisions.

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A design engineer wants to construct a sample mean chart for controlling the service life of a halogen headlamp his company produces. He knows from numerous previous samples that this service life is normally distributed with a mean of 500 hours and a standard deviation of 20 hours. On three recent production batches, he tested service life on random samples of four headlamps, with these results:

Sample Service Life (hours)
1 495 500 505 500
2 525 515 505 515
3 470 480 460 470
1) What is the sample mean service life for sample 2?
A. 495 Hours
B. 460 Hours
C. 500 Hours
D. 515 Hours
E. 525 Hours
2) What is the mean of the sampling distribution of sample means when the service life is in control?
A. 250 Hours
B. 470 Hours
C. 515 Hours
D. 495 Hours
E. 500 Hours
3) What is the standard deviation of the sampling distribution of sample means for whenever service life is in control?
A. 20 Hours
B. 10 Hours
C. 11.55 Hours
D. 5 Hours
E. 6.67 Hours
4) If he uses upper and lower control limits of 520 and 480 hours, what is his risk (alpha) of concluding that service life is out of control when it is actually under control (Type I error)?
A. 0.0026
B. 0.3174
C. 0.6826
D. 0.0456
E. 0.9544
5) If he uses upper and lower control limits of 520 and 480 hours, on what sample(s) (if any) does service life appear to be out of control?
A. sample 1
B. sample 2
C. sample 3
D. both samples 2 and 3
E. all samples are in control

Answers

Answer:

1) 515 hours ( D )

2) 495 hours ( D )

3) 10 hours ( B )

4) 0.0456 ( D )

5) sample 3 ( C )

Explanation:

Standard deviation = 20 hours

Mean = 500 hours

1) Determine the sample mean service life for sample 2

Sample mean sample service life of sample 2 = Average of service life of sample 2

= ( 525 + 515 + 505 + 515 ) / 4

= 2060 / 4 =  515

2) Calculate the mean of sampling distribution of sample means

∑ mean service life samples / 3 ----- ( 1 )

sample 1 = (495 + 500 + 505 + 500 ) / 4 =  500

sample 2 = ( 525 + 515 + 505 + 515 ) / 4 = 515

sample 3 = (470 + 480 + 460 + 470) = 470

back to equation 1

= ( 500 + 515 + 470 ) / 3 = 495

3) Determine STD of sampling distribution of sample means

Std = 20

n = 4

∴ std of sampling distribution = 20 / √4 =  10 hours

4) calculating  the risk alpha

upper control  ( UCL ) = 520 , lower control ( LCL ) = 480

mean = 500

Z value for upper control = ( 520 - 500) / 10 = 2

Z value for lower control = ( 480 - 500 ) / 10 = -2

confidence level of -2 and 2 ( using z-table ) =  0.9544

∴ risk alpha = 1 - 0.9544 = 0.0456

5) Service life appears to be out of control in ; sample 3

UCL = 520 , LCL = 480

Because mean value of sample 3 = 470 lies outside the lower control limit

when was the last time there was a big drop in housing prices

Answers

During the 2008 great financial crisis.
Other Questions
if a group member realizes that a suggested solution is faulty but chooses not to mention it to the rest of the group, then he or she is most likely violating the ethical standard that deals with ____________ is a city more than twice as large as the next in an urban system and a cultural, political, and economic center Write in standard form50000 Proportional or not?Equation=_____ Differentiate the components of fact/opinion and theory/evidence. in the united states, the prevalence of unipolar depression in boys is Question 15 of 40For which sample size (n) and sample proportion () can a normal curve beused to approximate the sampling distribution?O A. n = 28; = 0.3O B. n = 28; p = 0.9O c. n = 32; p = 0.4O D. n = 32; p = 0.2 What event did the Soviet Union fear during the Cold War ? Can you please help me anyone here play genshin? :D 13 Which TWO sentences have correct usage of pronouns and possessives? When you order A - 0.23, B - 1/4, C - 24% in ascending order (from smallest to biggest, the order would be? 5. Given that the moment of inertia of a solid disk of mass M and radius R about an axis passing through the center and perpendicular to the disk is 1/2MR, DERIVE (step by step, explaining every step clearly), the expression of the moment of inertia of a solid ball of mass M and radius R, about its diameter. [10] Which year every time refers to a group of prices with a common characteristic or characteristics in the pennsylvania system of imprisonment, inmates ate and worked together in silence. true false What did mr esmond blame for many of his problems as a parent? I don't understand this at allThe girl is ____ meters below sea level Can someone please help me I dont understand it please help!!!! which action does not illustrate a stereotype? group of answer choices asking your neighbors to turn down their music asking a tall man if he plays basketball offering a child a piece of candy asking a gas station attendant for directions the gold rush of 1849 resulted in