Answer:
Explanation:
(a). By plotting the data on an Excel spreadsheet, the uploaded image below represents our findings
(b) The sample correlation coefficient is calculated using the Excel Correlation function as follows;
Admission Rate (%) 4-Year Graduation Rate (%)
44 73
71 62
29 89
39 86
66 55
28 73
54 63
10 88
26 84
43 77
76 71
67 68
6 86
66 59
81 66
18 88
31 71
9 84
15 86
8 88
17 84
56 62
51 79
54 68
75 50
13 86
40 70
67 68
41 47
68 71
∴ The calculated value of the sample correlation coefficient is = -0.76
This indicates that the two variables exhibit a moderately linear inverse correlation.
Cheers, I hope this is useful.
Answer:
The soft drink costs more when purchased in a can.
The can is $0.044 more per ounce than the bottle.
Explanation:
From the information in the question:
Price for a 12-oz can = 75 cents = $0.75
Price for a 2-liter bottle = $1.25
To find the cost per ounce for the can = $0.75 divided by 12
= $0.0625 per ounce
For the bottle:
Total ounces contained = 2 × 1.057 × 32 oz [As 1.0 L = 1.057 qt, 1 qt = 32 oz]
= 67.648 oz
Thus,
Cost per ounce for the bottle = $1.25 divided by 67.648 oz
= $0.0185 per ounce
Consequently,
The soft drink costs more in a can.
Price difference = $0.0625 per ounce - $0.0185 per ounce
= $0.044 per ounce
Therefore,
The can is $0.044 more expensive than the bottle.
Explanation:
Part 1: True, the information given about the total costs incurred by the movie studio from last year shows that after the adjustments for the differences in totals
3rd movie cost - 2nd = 132-84 = 48 million
Thus, the variable costs must be at least $47 million but less than $255 million as well.
Part 2: False, the marginal cost for producing the first movie was $45 million, while the studio produced three films during that period.
In conclusion, the variable costs for all three films last year were
45 x 3 = 135 million
Answer:
$46,000.
Explanation:
To determine the retained earnings as of the end of 2015, we must first assess the total dividend that will be distributed to shareholders, and then combine the net income from 2015 with the leftover retained earnings from the conclusion of 2014 (after the distribution of 2014's dividend in March 2015) to arrive at the retained earnings figure for the close of 2015.
Total dividend on March 2015 = 0.7 x 100,000 = 70,000
Retained Earnings as of the end of 2015 = 94,000 - 70,000 + 22,000 = 46,000.
