Answer:
- <em>As explained below, given that the score of the person is among the 0.03125 fraction of the best applicants, </em><u><em>he can count on getting one of the jobs.</em></u>
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Explanation:
The hint is to use <em>Chebyshev’s Theorem.</em>
Chebyshev’s Theorem applies to any data set, even if it is not bell-shaped.
Chebyshev’s Theorem states that at least 1−1/k² of the data lie within k standard deviations of the mean.
For this sample you have:
- mean: 60
- standard deviation: 6
- score: 84
The number of standard deviations that 84 is from the mean is:
- k = (score - mean) / standar deviation
- k = (84 - 60) / 6 = 24 / 6 = 4
Thus, the score of the person is 4 standard deviations above the mean.
How good is that?
Chebyshev’s Theorem states that at least 1−1/k² of the data lie within k standard deviations of the mean. For k = 4, that is:
- 1 - 1/4² = 1 - 1/16 = 0.9375
- That means that half of 1 - 0.9375 are above k = 4: 0.03125
- Then, 1 - 0.03125 are below k = 4: 0.96875
Since there are 70 positions and 1,000 aplicants, 70/1,000 = 0.07. The compnay should select the best 0.07 of the applicants.
Given that the score of the person is among the 0.03125 upper fraction of the applicants, this person can count of geting one of the jobs.
Answer:
The type of savings you should make is a fixed term deposit
Explanation:
When we have unused capital and want to make it grow, it is a good alternative to earn money because, when we leave our money in a bank for a certain time, we will receive it together with an additional sum due to profitability, Our reward for leaving the money to the bank and not using it.
The answer would be : Proactive strategy
Proactive strategy is carried out to prevent the occurrence of challenging behavior from the society towards the company. Company with proactive strategy tend to do a lot of Corporate social Responsibilities to win the crowd's favor.
Not sure how specific this has to be but setting percentages of where you want your money would be a great way if that’s an option.
Answer:
Debit Raw Materials Inventory with $72,000; Credit Direct materials Cost Variance with 28,200, and Credit Accounts Payable with $43,800.
Explanation:
Direct materials purchase on account = $43,800
Standard cost of direct materials = 12,000 * $6 = $72,000
Direct materials cost variance = $72,000 - $43,800 = $28,200
The journal entries will therefore be as follows:
<u>Details Dr ($) Cr ($) </u>
Raw Materials Inventory 72,000
Direct materials Cost Variance 28,200
Accounts Payable 43,800
<em><u>To record direct materials cost and variance. </u></em>
