Business, 13.08.2021 02:20 ghanim1963

An urban economist wishes to estimate the mean amount of time people spend travelling to work. He obtains a random sample of 60 individuals who are in the labour force and finds that the mean travel time is 30.5 minutes. Assuming that the population standard deviation of travel time is 20.5 minutes, construct and interpret a 90% confidence interval for the mean travel time to work. (Note: the standard deviation is large, because some people work at home and thus travel 0 minutes and some people take transit which results in large travel times).

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 21:20

White truffles are a very prized and rare edible fungus that grow naturally in the countryside near alba, italy. suppose that it costs $200 per day to search for white truffles. on an average day, the total number of white truffles (t) found in alba is t = 20x − x 2 , where x is the number of people searching for white truffles on that day. white truffles can be sold for $100 each. if there is no regulation, how many more people will be searching for white truffles than the socially optimal number?

Answers: 1

Answer

Business, 22.06.2019 23:50

In june, one of the processinthe assembly department started the month with 25,000 units in its beginning work in process inventory. an additional 310,000 units were transferred in from the prior department during the month to begin processing in the assembly department. there were 30,000 units completed and transferred to the next processing department during the month. how many units the assembly department started the month with 25,000 units in its beginning work in process inventory. an additional 310,000 units were transferred in from the prior department during the month to begin processing in the assembly department. there were 30,000 units completed and transferred to the next processing department during the month. how many units were in its ending work in process inventory

Answers: 2

Answer

Business, 23.06.2019 18:30

George kyparisis makes bowling balls in his miami plant. with recent increases in hisâ€‹ costs, he has a newfound interest in efficiency. george is interested in determining the productivity of his organization. he would like to know if his organization is maintaining the manufacturing average of aâ€‹ 3% increase in productivity. he has the following data representing a month from last year and an equivalent month thisâ€‹ year: last year now cost per input unit units produced 1 comma 2001,200 1 comma 2001,200 laborâ€‹ (hours) 300300 275275 â€‹$1212 per hour resinâ€‹ (pounds) 5050 4545 â€‹$55 per pound capital investedâ€‹ ($) 10 comma 00010,000 11 comma 00011,000 22â€‹% per month energyâ€‹ (btu) 2 comma 9002,900 2 comma 7502,750 â€‹$0.600.60 per btu the percent change in productivity for one month last year versus one month this year on a multifactor basis with dollars as the common denominatorâ€‹ = 3.153.15â€‹% â€‹(enter your response as a percentage rounded to two decimalâ€‹ places).

Answers: 3

Answer

Business, 23.06.2019 23:30

Question 1 is the process of moving the organization toward its vision. a. strategic planning b. contingency planning c. security planning d. enterprise information planning

Answers: 1

Answer

You know the right answer?

An urban economist wishes to estimate the mean amount of time people spend travelling to work. He ob...

Questions