A marketing student is estimating the average amount of money that students at a large university spent on sporting events last year. He asks a random sample of 50 students at one of the university football games how much they spent on sporting events last year. Using this data he computes a 90% confidence interval, which turns out to be ($217, $677). Are his conclusions valid or invalid?a. Sample size is large enough. b. Sample plan is flawed

Engberg company installs lawn sod in home yards. the company’s most recent monthly contribution format income statement follows: amount percent of sales sales $ 80,000 100% variable expenses 32,000 40% contribution margin 48,000 60% fixed expenses 38,000 net operating income $ 10,000 required: 1. compute the company’s degree of operating leverage. (round your answer to 1 decimal place.) 2. using the degree of operating leverage, estimate the impact on net operating income of a 5% increase in sales. (do not round intermediate calculations.) 3. construct a new contribution format income statement for the company assuming a 5% increase in sales.