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Need help in statistics question. Please provide me answer ASAP. Consider a random sample from a beta distribution, X, BETA (2,1). Use the CLT to approximate P(Xs2.5 ) for n 16
(All answers were generated using 1,000 trials and native Excel functionality.)The management of Brinkley Corporation is interested in using simulation to estimate the profit per unit for a new product. The selling price for the product will be $45 per unit. Probability distributions for the purchase cost, the labor cost, and the transportation cost are estimated as follows: ProcurementCost ($)ProbabilityLaborCost ($)ProbabilityTransportationCost ($)Probability100.25200.1030.75110.45220.2550.25120.30240.35250.30 (a)Construct a simulation model to estimate the average profit per unit. What is a 95% confidence interval around this average?Round...
(All answers were generated using 1,000 trials and native Excel functionality.)In preparing for the upcoming holiday season, Fresh Toy Company (FTC) designed a new doll called The Dougie that teaches children how to dance. The fixed cost to produce the doll is $100,000. The variable cost, which includes material, labor, and shipping costs, is $34 per doll. During the holiday selling season, FTC will sell the dolls for $42 each. If FTC overproduces the dolls, the excess dolls will be...
(All answers were generated using 1,000 trials and native Excel functionality.)In preparing for the upcoming holiday season, Fresh Toy Company (FTC) designed a new doll called The Dougie that teaches children how to dance. The fixed cost to produce the doll is $100,000. The variable cost, which includes material, labor, and shipping costs, is $34 per doll. During the holiday selling season, FTC will sell the dolls for $42 each. If FTC overproduces the dolls, the excess dolls will be...
(Ratio analysis over time)The following information comes from the accounting records of Hercep Ltd. for the first three years of its existence:201820192020Statement of Financial PositionAssets Cash$22,300$19,200$25,100 Accounts receivable67,40058,500149,500 Inventory113,000139,000224,000 Capital assets (net)425,000455,000468,000 Other assets235,000205,000265,200$862,700$876,700$1,131,800Liabilities and equity Accounts payable$117,000$58,500$117,000 Long-term debt184,000234,000468,000 Common shares517,000517,000517,000 Retained earnings44,70067,20029,800$862,700$876,700$1,131,800Statement of Earnings Sales$700,000$815,000$915,000 Cost of goods sold(434,000)(554,200)(640,500) Other expenses(160,000)(235,000)(233,000)106,00025,80041,500 Income tax(31,800)(7,740)(12,450) Net income$74,200$18,060$29,050Based on above information, analyze the changes in the company’s profitability and liquidity, in addition to the management of accounts receivable and inventory from 2018 to 2020. (Round answers to 1 decimal place, e.g. 13.5% or 13.5.)201820192020Sales % % %Cost of goods sold % % %Gross...