Perez Company currently produces and sells 7,400 units annually of a .pdf
percent of all discretionary income. AARP estimated that the average annual expenditure on restaurants and carryout food was $1,870 for individuals in this age group. Suppose this estimate is based on a sample of 80 persons and that the sample standard deviation is $590. Round your answers to the nearest whole numbers. a. At 95% confidence, what is the margin of error? b. What is the 95% confidence interval for the population mean amount spent on restaurants and carryout food? (3,) c. What is your estimate of the total amount spent by Americans of age 50 and over on restaurants and carryout food? $ million d. If the amount spent on restaurants and carryout food is skewed to the right, would you expect the median amount spent to be greater or less than $1,870 ?.
Perez Company currently produces and sells 7,400 units annually of a .pdf
percent of all discretionary income. AARP estimated that the average annual expenditure on restaurants and carryout food was $1,870 for individuals in this age group. Suppose this estimate is based on a sample of 80 persons and that the sample standard deviation is $590. Round your answers to the nearest whole numbers. a. At 95% confidence, what is the margin of error? b. What is the 95% confidence interval for the population mean amount spent on restaurants and carryout food? (3,) c. What is your estimate of the total amount spent by Americans of age 50 and over on restaurants and carryout food? $ million d. If the amount spent on restaurants and carryout food is skewed to the right, would you expect the median amount spent to be greater or less than $1,870 ?.
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Perez Company currently produces and sells 7,400 units annually of a .pdf
- 1. Perez Company currently produces and sells 7,400 units annually of a product that has a variable cost of $16 per unit and annual fixed costs of $295,800. The company currently earns a $89,000 annual profit. Assume that Perez has the opportunity to invest in new labor-saving production equipment that will enable the company to reduce variable costs to $14 per unit. The investment would cause fixed costs to increase by $9,900 because of additional depreciation cost. Required a. Use the equation method to determine the sales price per unit under existing conditions (current equipment is used). b. Prepare a contribution margin income statement, assuming that Perez invests in the new production equipment. Complete this question by entering your answers in the tabs below. Use the equation method to determine the sales price per unit under existing conditions (current equipment is used). Perez Company currently produces and sells 7,400 units annually of a product that has a variable cost of $16 per unit and annual fixe costs of $295,800. The company currently earns a $89,000 annual profit. Assume that Perez has the opportunity to invest in new labor-saving production equipment that will enable the company to reduce variable costs to $14 per unit. The investment would caus fixed costs to increase by $9,900 because of additional depreciation cost. Required a. Use the equation method to determine the sales price per unit under existing conditions (current equipment is used). b. Prepare a contribution margin income statement, assuming that Perez invests in the new production equipment. Complete this question by entering your answers in the tabs below. Prepare a contribution margin income statement, assuming that Perez invests in the new production equipment.