It is not possible to determine the exact size of a line of credit that Toyworld would need to obtain from their bank to cover their financing needs for 1994 without more information. There are many factors that would influence this, including the size of the company, the nature of its operations, the amount of money it requires to meet its obligations, and the overall financial and economic climate of the time.
A line of credit is a type of loan that allows a company to borrow money as needed, up to a specified limit. This type of financing can be a flexible and convenient way for a company to access the funds it needs to operate, but it also comes with a certain amount of risk.
The bank would then assess the company's financial strength and its ability to repay the loan, and set a credit limit based on this information. It is likely that the bank would also consider factors such as the company's collateral, the length of the loan, and the interest rate.
To read more about bank visit-
https://brainly.com/question/28123724
#SPJ11
Which of the following is/are true regarding productivity measures? a. Productivity is a ratio of outputs to inputs. b. There will be many productivity measures you could compute for a typical operation c. Their only meaningful use is to compare them to competitors in your industry. d. Both answers a and b above. e. All of the above.
The answer to the question Which of the following is/are true regarding productivity measures? is option b.)There will be many productivity measures you could compute for a typical operation
The four main types of productivity measures are capital productivity, material productivity, labor productivity and total factor productivity. One of the most commonly used productivity indicators is Gross Domestic Product (GDP) per hour worked. This key figure better captures the use of labor input as well as output per employee. An index that measures a company's performance in various fields. They are used to quantitatively and qualitatively analyze the performance of processes, teams, business units and the overall results of an organization.
for more information on productivity measures see:
https://brainly.com/question/20552240
#SPJ4
In what ways are the formats of emails and memos similar? Choose all that apply.
A. Giving subject and date
B. Verifying identity
C. The type of information
The type of information are the formats of emails and memos similar. Email formats are based on memo formats, which means that they are set up to convey.
The four essential opening pieces of information that a memo says in the heading: to, from, subject, and date. The to, from, subject, and date heading formats are the same for memos and emails. Email formats are based on memo formats, which means that they are set up to convey the four essential opening pieces of information that a memo says in the heading: to, from, subject, and date. The to, from, subject, and date heading formats are the same for memos and emails.
To learn more about information, click here.
https://brainly.com/question/13629038
#SPJ4
Productivity in the service sector is difficult to measure because new technology adds to x, but not necessarily the x of the service produced.
Productivity in the service sector can be difficult to measure due to the intangible nature of many services. Unlike the goods-producing sector, where the output can be easily quantified and measured, services often involve intangible outputs that are harder to measure.
For example, the value of a service such as education or healthcare may not be fully captured by traditional measures of output, such as the number of students taught or patients treated.
Additionally, new technology can add value to the service sector, but it can be difficult to determine the extent to which this technology contributes to the output of the service itself.
For example, the use of technology in the finance sector can increase efficiency and reduce costs, but it may not necessarily increase the overall productivity of the service being provided.
Therefore, measuring productivity in the service sector requires the use of more nuanced and sophisticated methods that take into account the intangible nature of many services and the impact of technological change.
To know more about productivity
brainly.com/question/15468538
#SPJ4
from schedule se, ondine determines she owes $2,000 in self-employment tax for the year. even though she will need to pay that money when it is due during the year, she will be able to deduct what amount on her schedule 1 (form 1040) when she files her income tax return?
Because the taxpayer is liable for both employee and the employer components of the tax in the case of self-employment, only half of the amount received will indeed be taken into account. The amount is $1,000.
Who are taxpayers?A taxpayer is any individual or organization that owes taxes towards the federal, state, or municipal governments. Governments mostly rely on taxes as a source of income, both on citizens and corporations. Individual taxpayers in the US are typically required to submit and pay their federal and local tax returns on a yearly basis. Even though they usually plan for something and pay their income taxes on schedule throughout the year, businesses must nonetheless submit annual returns. Illustrative steps of localized taxes are sales taxes and property taxes.
Deduction amount: $2,000 x 50% = $1,000
To learn more about taxpayer visit;
brainly.com/question/29664276
#SPJ4
the profit-maximizing monopolistic competitor produces where price
The quantity where marginal revenue and marginal cost are equal will be sought after by a monopolistic rival who seeks to maximise profits.
That level of output will be produced by the monopolistic rival, who will also impose the price that the firm's demand curve predicts. When a company's marginal cost and marginal revenue product are equal, all businesses maximise their earnings. Additionally, the selling price that optimises profits should be this sum of money. The quantity of goods produced at which marginal revenue equals marginal cost, or when MR = MC, is the decision that will maximise profits for the monopoly.
The above mention que is incomplete there option are given below:
a. marginal revenue is equal to marginal cost b. marginal revenue is less than to marginal cost c. marginal revenue is more than to marginal cost
To learn more about revenue, click here.
https://brainly.com/question/8645356
#SPJ4
If the unemployment rate is 12 percent, which of the following must be true? a. For every 100 people in the country, 12 are seeking work.
b. Twelve percent of the total population are discouraged workers.
c. Twelve percent of the population have stopped pursuing employment.
d. Twelve percent of the labor force is unemployed.
e. The labor force participation rate is 88 percent.
d. If the unemployment rate is 12%, 12% of the work force will be unemployed.
How do you determine the proportion of unemployment?Employment plus unemployment is referred to as the labour force. The percentage of the labour force that is employed that is comprised of unemployed people is known as the unemployment rate.
How exactly should unemployment be calculated?The proper formula to calculate the unemployment rate is total number of jobless divided by total labour force, then multiplied by 100.
How are the rates of unemployment determined and assessed?The number of people who are unemployed and actively seeking work is divided by the total labour force to determine the unemployment rate.
To know more about unemployment visit:
https://brainly.com/question/16370853
#SPJ4
The debits and credits for each journal entry are posted to the accounts in?
The debits and credits for each journal entry are posted to the accounts in in the order in which they occur in the journal.
A debit is an accounting entry that affects a company's balance sheet by increasing assets or decreasing liabilities. In simple accounting, credits and debits balance each other out by working in the opposite manner. Credit can represent many different things in the realm of finance, but it is typically understood as a contract where a borrower receives money or something valuable and accepts to repay the lender in the future, typically with interest. You can also refer to something or someone by their creditworthiness or credit history. According to accountants, it typically refers to an accounting item that changes the balance sheet of a corporation by reducing assets or increasing liabilities and equity.
To learn more about balance sheet click here
brainly.com/question/19552006
#SPJ4
maintaining the organization's financial records is a central purpose of which main business function?
The business finance and accounting department's responsibility is to keep all necessary financial records for monitoring the firm's operations.
Why do you need to keep financial records?These are made up of income (profit and loss) statements and balance sheets. These documents could help you manage your company and communicate with your bank or creditors.
Who at a company is in charge of creating financial statements?Directors draft financial statements, and audit committees ensure the accuracy of the data. The annual report is subjected to several procedures in addition to the financial statements audit by auditors. The audit committee receives numerous reports from auditors.
To know more about financial records visit:-
https://brainly.com/question/10741152
#SPJ4
which court decision would probably carry more weight? a. reviewed u.s. tax court decision b. tax court memorandum decision c. regular u.s. tax court decision d. u.s. district court decision
Reviewed U.S. Tax Court decision would probably carry more weight.
What is U.S Tax Court?The Tax Court serves as one of the courts in which taxpayers can file suit to challenge IRS determinations, and it is the primary court inside which taxpayers can do so without having to pay any portion of the disputed taxes in advance. Judges. The Tax Court is made up of 19 members who are appointed by the President.The United States Tax Court's mission is to provide a national forum for the expeditious resolution of disputes between taxpayers and the Internal Revenue Service, careful consideration of the merits of each case, and uniform interpretation of the Internal Revenue Code.The United States Tax Court is a specialized court established by Congress under its Article I legislative power.To learn more about U.S Tax Court refer to :
https://brainly.com/question/12728295
#SPJ4
rebecca, a human resource executive, received a letter from her manager, advising her to organize an interactive program for some of the employees of the organization. rebecca needs to call her manager to find out the objective of the program, when it needs to be organized, and which employees need to attend the program. in this scenario, the manager's letter does not represent good business and administrative communication because
In this scenario, the manager's letter does not represent good business and administrative communication because the message is not complete.
What is administrative communication?
Administrative procedures are planned, managed, upheld, and justified through the use of administrative communication. This generally refers to all communication services that fall under the purview of the public administration. To be productive and effective in your role, administrative communications include drafting business correspondence such as memos, notices, reports, and letters, speaking in meetings and presentations, and listening to all levels of employees, coworkers, and superiors. Unquestionably, all citizens have a fundamental need for communication. Humans are capable of creating and disseminating ideas, or communicating knowledge.
Know more about administrative communication- brainly.com/question/30297436
#SPJ4
durney company recorded a right-of-use asset of $1,150,000 in a ten-year finance lease. the interest rate charged by the lessor was 10%. the balance in the right-of-use asset after two years will be:
The balance in the right-of-use asset after two years will be $1,386,150. A right-of-use (ROU) asset is an asset that represents the right to use a certain asset over a specified period, typically obtained through a lease agreement.
To calculate the balance in the right-of-use asset after two years, you can use the formula for calculating the future value of a loan:
FV = PV * (1 + r)^n
where:
FV is the future value of the loan
PV is the present value of the loan ($1,150,000 in this case)
r is the interest rate (10% in this case)
n is the number of periods (2 years in this case)
So, plugging in the values, we get:
FV = $1,150,000 * (1 + 0.10)^2
FV = $1,150,000 * 1.10^2
FV = $1,150,000 * 1.21
FV = $1,386,150
To read more about right-of-use asset, click https://brainly.com/question/29689684
#SPJ4
what is an example of an intangible property infrastructure
Goodwill, brand recognition, and intellectual property like patents, trademarks, and copyrights infrastructure are examples of intangible assets. Intangible assets stand in contrast to tangible assets like stock, real estate, vehicles, and machinery.
Patents, patent applications, trade names, trademarks, service marks, copyrights, and trade secrets are a few examples of intangible property. Some intangible assets, like stocks, bonds, or certificates, may have a paper manifestation infrastructure, but not all intangible assets have (intellectual property). Amounts, goods that aren't physical, and assets that are stored in an account are examples of intangible property. The idea that money is a tangible asset because it is physical is a widely held one.
To learn more about infrastructure, click here.
https://brainly.com/question/14527131
#SPJ4
Why was the federal Securities Act needed?
AN ACT To grant full and honest disclosure of the character of securities bought in interstate and foreign commerce and via the mails, and to stop frauds in the sale thereof, and for different purposes.
What did the federal securities act?The Securities Act serves the dual cause of making sure that issuers promoting securities to the public disclose cloth information, and that any securities transactions are no longer primarily based on fraudulent data or practices.
The 1933 act was once observed via the Securities Exchange Act of 1934. The 1934 act hooked up the SEC as the government's enforcement arm to govern securities trading. The new regulation granted the SEC the power to alter and oversee brokerage firms, self-regulatory organizations, switch agents, and clearing agents.
Learn more about federal securities act here:
https://brainly.com/question/30371864#SPJ4what is aunt edna's plantwide overhead rate? determine the formula for calculating the plantwide overhead rate, then calculate the rate
To determine Aunt Edna's plantwide overhead rate, you first need to gather the necessary information. This includes the total overhead costs for the business and the total units produced in a given time period. Once you have this information, you can use the formula to calculate the rate.
The formula for calculating the plantwide overhead rate is:
Plantwide overhead rate = Total overhead costs / Total units produced
Plantwide overhead rate is a method used to allocate the overhead costs of a business to each unit produced. The formula for calculating the plantwide overhead rate is by dividing the total overhead costs by the total amount of units produced in a given time period.
By using this formula, you can determine the plantwide overhead rate for Aunt Edna's business and allocate the overhead costs to each unit produced. This information can then be used to make informed decisions about the business and its operations.
To know more about plantwide overhead rate refer here:
https://brainly.com/question/28295486#
#SPJ11
lenin argued that capitalism was able to delay its crisis through national economic expansion.
Lenin argued that capitalism was able to delay its inevitable crisis by expanding their reach to the national level. This allowed them to create a larger market for their products, and to increase their profits.
As profits increased, the capitalists were able to invest in new technology, new factories, and new businesses. This allowed them to increase production and further expand their reach. The increased production allowed for increased consumption and kept the demand for their products high.
Ultimately, this enabled capitalism to delay its inevitable crisis. However, Lenin argued that this was only a temporary solution, and that the inevitable crisis would eventually occur. He believed that the only way to prevent the crisis was through the implementation of a socialist system.
know more about capitalism here
https://brainly.com/question/26119138#
#SPJ11
What is serial position effect?
The serial position effect is a phenomenon in psychology where a person's recall of items in a list is influenced by the item's position within the list. This means that the order in which items are presented can affect how well a person is able to remember them.
How it is determined?According to a phenomenon known as the "serial position effect," an item's placement on a list might affect how well a person remembers it. This phrase alludes to the idea that how information is delivered and retained by a person can vary. Memory tests that challenge participants to recall as many things as they can from a list after being given a list of objects help researchers understand the serial position effect. The primacy effect and the recent effect were discovered thanks to this experimental setup, which allows researchers to examine how the item's location affects recollection. This influence may affect how memories are stored and processed, and it may also have an impact on how marketing and teaching are carried out.
To learn more about serial visit here:
https://brainly.com/question/29764196
#SPJ4
because walmart’s retail approach is big stores with a large selection of merchandise at discount prices, in which country should walmart experience the most success?
Walmart's retail approach of big stores with a large selection of merchandise at discount prices would likely be most successful in a country with a large population and a growing middle class with a demand.
The country should also have a developed transportation and supply chain infrastructure to support the operations of big stores. Additionally, a favorable business environment with minimal regulations and low taxes would also be beneficial for Walmart's success. In terms of specific countries, Walmart has experienced significant success in the United States and in India. In the US, Walmart has become one of the largest retailers, with a strong presence in many cities and towns across the country. In India, Walmart has formed a joint venture with Flipkart, the country's leading e-commerce platform, to take advantage of the growing middle class and increasing demand for low-priced goods.
learn more about walmart here:
brainly.com/question/29451792
#SPJ4
Why do the four financial statements have to be prepared in this order?
Financial statements are put together in a precise order because data from one statement is used in the next.
Which one comes first among the four financial statements?The following is the order of the four financial statements:
A. Balance sheets
B. Income statements are first.
C. Cash flow projections
D.Statements of shareholders' equity
What should be done first when creating a financial statement, and why?First comes the income statement, often known as the statement of earnings or statement of operations. The net income or loss of the business is determined for a specific time period after listing revenues and expenses.
To know more about financial statement visit:
https://brainly.com/question/30355441
#SPJ4
in which stage of the project life cycle is the project's schedule and budget determined? A. IdentifyingB. DefiningC. PlanningD. ExecutingE. Closing
In the planning phase the project's schedule and budget is determined in the project life cycle.
What is project life cycle?The series of stages through which a project moves is known as the project lifecycle. Initiation, planning, execution, and closing are all included.
The series of stages through which a project moves is known as the project lifecycle. Depending on the company and the project type, the cycle's number of phases and order may change.
They should, however, have a clear beginning and end as they are a part of a project and are time-bound. Regardless of the exact work involved, the lifecycle offers the fundamental framework for the actions that must be accomplished in the project.
Project Planning - After the project's start phase is approved, it enters the planning stage.
Learn more about project life cycle, here
https://brainly.com/question/16928405
#SPJ1
the segments targeted by marketers employing penetration pricing strategies are inevitably:
Marketers who use penetration pricing techniques must unavoidably target price-conscious and price-sensitive segments.
Finding, creating, and delivering value to meet the needs of a target market for products and services is the process of marketing. This may involve selecting a target market, running advertising campaigns, taking part in trade shows and public events, designing products and packaging that appeal to consumers, and defining the terms of the sale, such as the price, discounts, warranty, and return policy. Marketing is the responsibility of the seller, who is often a merchant or manufacturer. On sometimes, tasks are contracted.
Learn more about marketers :
https://brainly.com/question/13414268
#SPJ4
Alejandro bought $3. 50 worth of pencils and erasers at the school store. Pencils cost $0. 50 apiece, and erasers cost $0. 75 apiece. Which equation written in standard form represents the number of pencils, p, and the number of erasers, e, that alejandro bought?.
The solution is 3.50; 0.50P + 0.75e.
Let p be the quantity of pencils.
the quantity of erasers, e
Briefing:-We are aware that the combined cost of pencils and erasers equals the number of pencils times $0.50 plus the number of erasers times $0.75, or 0.50P + 0.75e = 3.50 ——- a standard form equation that depicts the situation.
How is an equation rewritten in standard form?Simply take the x term—in this case, 4 x 4x 4x—off of both sides to convert this to standard form. The standard form of a linear equation has now been written. The linear equation y 4 x = 7 y 4 x = 7 has a slope of 4 and a y-intercept of 7.
To Know more about quantity
https://brainly.com/question/12986460
#SPJ4
of the following countries, which is the most dependent on imported oil?BrazilIndonesiaGermanyAustralia
Out of the following countries, Brazil is the most dependent on imported oil. This is because Brazil is the largest oil importer in South America and the sixth largest in the world.
According to the U.S. Energy Information Administration, Brazil imported an average of 1.7 million barrels per day (b/d) of crude oil and petroleum products in 2018. This accounted for nearly 75% of the country’s total oil consumption that year. In comparison, Indonesia imported an average of 1.1 million b/d in 2018, accounting for around half of the country’s total consumption.
Germany imported an average of 560,000 b/d in 2018, accounting for less than 25% of the country’s total consumption. Lastly, Australia imported an average of 376,000 b/d in 2018, accounting for around 10% of the country’s total consumption. Therefore, Brazil is the most dependent on imported oil out of the four countries listed.
To know more about Energy Information Administration refer to the link brainly.com/question/13608970
#SPJ4
if the economy were operating at point e, a. 20 additional units of eggs can be produced with no impact on bacon production. b. the opportunity cost of 20 additional units of eggs is 10 units of bacon. c. the opportunity cost of 20 additional units of eggs is 20 units of bacon.
The production possibility frontier (PPF) of the economy determines the answer to this query. A point on the PPF where the economy is functioning well and produces a mixture of eggs and bacon is represented by Point E.
What is the opportunity cost of the economy through PPF?
a. If 20 more units of eggs can be produced without affecting the production of bacon, point E is on the growing section of the PPF for eggs, and the economy has unused resources that may be employed to manufacture eggs.
b. If the economy must forgo producing 10 units of bacon in order to generate 20 more units of eggs, the opportunity cost of the additional 20 eggs is 10 units of bacon. According to this, the economy must forgo producing 0.5 units more of bacon for every additional unit of eggs produced.
c. If the economy must forgo 20 units of bacon in order to create 20 more eggs, the opportunity cost of producing those extra 20 eggs is 20 units of bacon. This indicates that the economy must forgo producing 1 unit of bacon for every additional unit of eggs produced.
It is crucial to keep in mind that the opportunity cost of production is not always constant and that it might alter as the economy progresses along the PPF.
To learn more about the opportunity cost from the given link
https://brainly.com/question/481029
#SPJ4
if the economy were operating at point e, a. 20 additional units of eggs can be produced with no impact on bacon production. b. the opportunity cost of 20 additional units of eggs is 10 units of bacon. c. the opportunity cost of 20 additional units of eggs is 20 units of bacon.
orchid corporation, has a sales price of $16, variable costs of $10 per unit, and fixed costs of $30,000. if orchid sells 11,000 units, contribution margin will equal: multiple choice $66,000. $36,000. $162,000. $172,000.
The contribution margin will be $66000
Contribution margin=Sales price-Variable cost
=(16-10)=$6 per unit
Hence Total Contribution margin=(6*11,000)
=$66,000
The money left over after sales after paying all variable costs related to manufacturing a product is a company's contribution margin, often known as the gross margin. Your net income, or profit, is obtained by deducting fixed costs like rent, equipment leases, and wages from your contribution margin.
Contribution margin: By deducting the product's variable production costs from its selling price, the contribution margin calculates the profitability of a specific product or product line. 6. Net profit margin: The ratio of net profit to total sales stated as a percentage is known as the net profit margin.
To learn more about contribution margin
https://brainly.com/question/29534784
#SPJ4
Why is the production possibility frontier downward sloping? Why are most production possibilities frontiers for goods bowed outward (concave downward)? Who says it is so?
The PPF slopes downward from left to right, making it impossible for society to afford more education without sacrificing some healthcare.
The factors of production in an economy are limited; they are unable to create an endless supply of goods and services.
The production possibilities model is illustrated by it. In order to draw the production possibilities curve, we will make the assumptions that the economy can only produce two types of goods and that the quantities of the available technology and production factors are fixed. To build We will start with the case of a hypothetical company, Alpine Sports, Inc., a manufacturer of specialized sporting goods, to create a production possibilities curve.
To know more about possibility curve here
https://brainly.com/question/26460726
#SPJ4
Which one of the following is the best reason real GDP is an important measurement for an economy?A. It measures all economic activity, both market and non-market transactions.B. It is a monetary measure that allows for comparison of a nation's output across time.C. It measures the quality of products over time.D. It is a measure of changes in the level of prices in a country over time.
Real GDP is an important measurement for an economy because it measures all economic activity, both market and non-market transaction.
The growth rate of real GDP is used as an indicator of the general health of the economy. An increase in real GDP is used as a sign that the economy is doing well. When real GDP is growing strongly, employment is likely to be increasing as companies hire more workers of their factories and people have money in their pockets. When GDP is shrinking, employment often declines. GDP may be growing but not fast enough to create a sufficient number of jobs. Economies are sometimes in period of boom and sometimes in periods of recession. In US, there were six recessions between 1950 and 2011.
Know more about GDP in economic activity refer to:
http://brainly.com/question/15682765
#SPJ4
_____ Accounts are the transfer of money/wealth that occur between countries but hope to create future revenue.
Financial accounts, the study of monetary exchanges between two or more nations is referred to as international finance.
What Is a Financial Account?A financial account, specifically one that contains financial asset claims or liabilities to nonresidents, is a part of a country's balance of payments in macroeconomics. Direct investment, portfolio investment, and reserve assets broken down by sector are all parts of the financial account. Liabilities are claims made by nonresidents against the financial assets of residents that are documented in a nation's balance of payments, whereas assets are claims made by residents against nonresidents.
What Is International Finance?Instead of exclusively concentrating on individual markets, international finance deals with the economic relationships between various nations. Large organizations like the National Bureau of Economic Research and the International Finance Corp. (IFC) perform research on international finance (NBER). In addition, the U.S. Federal Reserve maintains a section that studies policies related to capital movement, foreign commerce, and the growth of international markets.
To know more about International Finance visit: brainly.com/question/28103877
#SPJ4
• analyse the knowledge and skills in leadership and strategic management which are required to support the creation and achievement of organisational vision and strategy
The knowledge and skills in leadership and strategic management are essential for the creation and achievement of an organizational vision and strategy. These skills include effective communication, decision-making, and the ability to evaluate and measure success, as well as a deep understanding of the organization and its environment.
Leadership and strategic management play a crucial role in the success of any organization. A strong and effective leader with a well-developed understanding of strategic management is essential for the creation and achievement of an organizational vision and strategy.
In this context, it is important to analyze the knowledge and skills that are required to support these efforts.
Leadership skills are critical in this regard as they help a leader to effectively guide and motivate their team towards the achievement of the organization's goals.
This includes the ability to communicate effectively, build relationships with team members, and make informed decisions. Additionally, a strong leader should have a clear vision and the ability to inspire and engage their team to work towards this vision.
In terms of strategic management, it is important to have a thorough understanding of the organization's strengths and weaknesses, as well as its environment and competition.
A leader who is skilled in strategic management should be able to develop a strategy that leverages the organization's strengths and addresses its weaknesses, and should have the ability to adjust this strategy as needed to respond to changes in the environment.
Finally, it is important for a leader to have the ability to evaluate and measure the success of their strategy. This requires an understanding of various metrics and the ability to use data to make informed decisions.
To learn more about strategic management refer here
https://brainly.com/question/28102251#
#SPJ11
What is the fda requirement for an offsite caterer?
Hot meals can be held except temperature manipulate for up to four hours if: It used to be held at 135˚F (57˚C) or greater earlier than removing it from temperature control. It has a label specifying when the item must be thrown out. It is sold, served, or thrown out inside four hours.
What is the FDA requirement for serving food besides temp control?It is permissible to hold hot meals except temperature controls for up to four hours if the following prerequisites are met: Food ought to be held at one hundred thirty five levels Fahrenheit or greater earlier than the meals is eliminated from the temperature control. Label the meals upon receipt with the time it should be discarded.
What are the FDA cooling requirements?The FDA Model Food Code requires that food be cooled from 57.2°C to 21.1°C (135°F to 70°F) inside two hours and from 57.2°C to 5°C (135°F to 41°F) inside a total of six hours.
Learn more about FDA requirement here:
https://brainly.com/question/1317177#SPJ4based on past experience, a bank believes that 8% of the people who receive loans will not make payments on time. the bank has recently approved 600 loans. describe the sampling distribution model of the proportion of clients in this group who may not make timely payments. round the standard deviation to one decimal place.
Find the mean/standard error of the sampling distribution of the proportion.
The mean proportion of the sampling distribution is equal to the proportion of the client population that may not make payments on time, which is 8%.
The standard deviation of the sampling distribution can be calculated using the formula:
$\sqrt{\frac{p(1-p)}{n}}$
where p is the proportion of the client population that may not make payments on time (0.08) and n is the sample size (600).
$\sqrt{\frac{0.08(1-0.08)}{600}} = 0.012$
So, the standard deviation of the sampling distribution is 0.012.
The standard error of the sampling distribution is the standard deviation divided by the square root of the sample size:
$\frac{0.012}{\sqrt{600}} = 0.002$
So, the standard error of the sampling distribution is 0.002.
The sampling distribution is the probability distribution of a statistic obtained from a large number of random samples drawn from a population. It describes how the statistical mean of a sample will vary if repeated samples are drawn from the same population. This forms the basis for inferences about population parameters and makes it possible to understand the variability of estimates. The shape of the sampling distribution is determined by the population distribution, sample size, and the type of statistic being estimated.
You can learn more about sampling distribution here brainly.com/question/30007465
#SPJ4