Answer:
The probability is 1.
Explanation:
Despite that the he distribution is positively skewed, the distribution of sample means of one-bedroom apartments will still be a a normal distribution based on Central Limit Theorem.
Since we have
μ = mean = 2200
SD = standard deviation = 250
n = sample size = 50
Therefore,
Standard error = SD ÷ √n
= 250 ÷ √50
= 250 ÷ 7.07106781186548
= 35.3553390593274 approximately 35.36
Standardize xbar to z = (xbar - μ) ÷ (SD ÷ √n)
Therefore, we have:
P(xbar > 1,950) = P(z > (1,950 - 2200) ÷ 35.36)
= P(z > - 250 ÷ 35.36)
= P(z > -7.07) = 1
Therefore, the probability of selecting a sample of 50 one bedroom apartments is 1 which can be said to be certain.
Answer:
d.) Jones is an incidental beneficiary and has no right to sue for Ace Construction's breach of the contract.
Explanation:
Jones was not a direct party to the contract, in fact, any profit which he was supposed to receive was incidental in nature and thus he cannot sue Ace Construction's breach of the contract.
Answer:
c. Debit to Fair value adjustment for $30,000
Explanation:
The first step of accounting process is Journal entry and it is made to record the transactions for process of book keeping, it defines the accounts involved and effects of transactions on the account by debit or credit.
As the bond price is amortized earlier by 5,000 then its net realizable value was $195,000 ( $200,000 - $5,000 ). on December 31, year 3 the fair value adjusted to $225,000. so the adjusted value will be $30,000 ( $225,000 - $195,000 ). The journal entry is as follow
Dr. Cr.
Dec 31, year 3
Fair value adjustment account 30000
Unrealized gain on available for sale securities 30000
Answer:
Right to transfer
Explanation:
The owner has opted to use some land but leases the rest to a tenant by exercising the right to transfer. The right to transfer is a contract which allows renting some part of the land to another party for a specific period of time. The contractual right and responsibility are transferred through delegation or assignment.
Answer:
The correct answer to the following question is option B) .
Explanation:
Crowding effect refers to a situation where due to the increase in interest, there is a decrease in investment ( private investment spending ), which in turn leads to decrease in initial increase in investment. Here the interest rate have increased because of the expansionary fiscal policy implemented by the government, where they have increased their spending. A high magnitude of crowding effect can lead to decrease in the money supply in economy.
