Provo's free cash flow for 2008 is $2,600,000
Income Statement
Revenue $10,000,000
Operating expenses - $5,000,000
Depreciation - $1,000,000
EBIT $4,000,000
Interest expenses - $0
Taxes - $1,600,000 (40% * $4,000,000)
Net Income $2,400,000
Depreciation +$1,000,000
Operating cash flow $3,400,000
Free cash flow = Operating Cash flow - Purchase of equipment - Increase in Inventory
Free cash flow = $3,400,000 - $500,000 - $300,000
Free cash flow = $2,600,000
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Compare the difference between the transfer of shares and transmission of shares with examples.
Answer:
The transfer of shares is a voluntary act by the holder of shares and takes place by way of contract. Whereas, the transmission of shares takes place due to the operation of law that is on the death of the holder of shares or in an event where the holder becomes insolvent/lunatic.
A firm sells a product in a perfectly competitive market. The marginal cost of the product at the current output level of 500 units is $1.50. The minimum possible average variable cost is $1. The market price of the product is $1.25. To maximize profits, the firm should
Answer:
decrease production to less than 500 units
Explanation:
Jordan took a business trip from New York to Denver. She spent two days in travel, conducted business for nine days, and visited friends for five days. She incurred the following expenses:
Airfare $ 520
Lodging 3,200
Meals 800
Entertainment of clients 640
How much of these expenses can Jordan deduct?
The expenses that Jordan can deduct is $3,731.
This is the amount that she can deduct as business expenses for this trip from New York to Denver.
Data and Calculations:
Expenses incurred on the trip for both business and private purposes:
Lodging 3,200
Meals 800
Total $4,000
Travel days = 2 days
Business days = 9 days
Visiting friends = 5 days
Total days spent conducting business and visiting friends = 14 days
Business portion of the above expenses = 9/14
Amount to be deducted as business expenses is calculated as follows:
Portion of the above total expense = $2,571 ($4,000 ( 9/14)
Airfare 520
Entertainment of clients = 640
Total amount that Jordan can deduct = $3,731
Thus, Jordan can deduct $3,731 of her expenses for the business trip.
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quy định về thủ tục hải quan hàng tiêu dùng?
The next two questions use the following data from TGX Global, a heavy equipment manufacturer (this information will be repeated on the next question): TGX Global sells excavators, with an average sale price of $500,000 per excavator. TGX received new orders for 90 excavators in 2018. TGX produced & delivered 120 excavators in 2018: 50 excavators were ordered in 2017 and the rest (70 excavators) were ordered in 2018. TGX received payment for 110 excavators. TGX began selling 1-year maintenance services contracts for $50,000 per excavator in 2018, which begin after the excavator is delivered. Contracts were sold on 50% of all excavator orders made in 2018 (no contracts were sold on orders placed in 2017). Assume all excavators delivered in 2018 are delivered at year end, calculate TGX’s 2018 revenue based on the transactions described above.
TGX’s 2018 revenue depends upon the given transactions is $60 million.
The calculation of TGX’s 2018 revenue depends upon the given transactions is as follows:
TGX’s 2018 Revenue is
= TGX produced & delivered excavators in the year 2018 × Sale Price per excavator
= 120 Excavator × $500,000
= $60 Millions.
Working Notes:
1. The revenue for the year 2018 should be recorded at that time period where the products are sold.
2. The revenue for the maintenance service contract should be recorded in the year when the service is provided not in that year where the contract service should be sold as it is treated as the unearned revenue till the service is provided
Therefore we can conclude that TGX’s 2018 revenue depends upon the given transactions is $60 million
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Encik Hafiz is a Malaysian citizen worked as a government officer at Accountant General’s Department of Malaysia for the past 12 years. His top management had encouraged staff with more than 10 years of services to pursue postgraduate study abroad especially in Australia. Following this encouragement, 15 scholarships from the Ministry of Education were offered to eligible staff. Encik Hafiz was among the successful candidates during the scholarship interview pursue his study in Melbourne, Australia for 3 years commencing from 3 January 2017 until 31 December 2019. Required: Based on the provision of Income Tax Act (ITA) 1967, briefly explain whether Encik Hafiz is a resident in Malaysia for the years of assessment 2017, 2018 and 2019.
To determine whether Encik Halim is resident in Malaysia for assessment years 2017,2018 and 2019 based on Income Tax Act,1967 is mentioned as below.
What is resident?A resident is someone who lives in a certain location, For instance, The neighborhood inhabitants were upset about the shortage of parking spots.
Based on the evidence provided, Encik Halim can be regarded a Malaysian resident for the assessment years 2017, 2018, and 2019, despite not meeting the 182 day or more physical presence requirement.
He is a resident in 2017: Although his stay in 2017 is fewer than 182 days, he would qualify as a resident for tax purposes in that year since he was a tax resident in the immediately preceding year under 7(1)(b). And he was in Malaysia on December 31, 2016, and January 1, 2017.
In 2018, he is a resident: An individual can classify as a tax resident if his stay exceeds 90 days in three of the four immediately preceding years, according to section 7(1)(c) of the ITA, 1967. In the instance of Ancik Halim, his stay exceeded 182 days in three of the four immediately prior years, except for 2017. As a result, he is a tax resident for the 2018 fiscal year.
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3. Explain how the employees of an American organization and Bangladeshi organization will be culturally different in terms of power distance, uncertainty avoidance, and masculinity-femininity inde
Answer:
Explanation:
POWER DISTANCE : This dimension deals with the fact that all individuals in societies are not equal – it expresses the attitude of the culture towards these inequalities amongst us. Power Distance is defined as the extent to which the less powerful members of institutions and organisations within a country expect and accept that power is distributed unequally.
Bangladesh scores high on this dimension (score of 80) which means that people accept a hierarchical order in which everybody has a place and which needs no further justification. Hierarchy in an organization is seen as reflecting inherent inequalities, centralization is popular, subordinates expect to be told what to do and the ideal boss is a benevolent autocrat MASCULINITY : A high score (Masculine) on this dimension indicates that the society will be driven by competition, achievement and success, with success being defined by the winner / best in field – a value system that starts in school and continues throughout organisational life.
A low score (Feminine) on the dimension means that the dominant values in society are caring for others and quality of life. A Feminine society is one where quality of life is the sign of success and standing out from the crowd is not admirable. The fundamental issue here is what motivates people, wanting to be the best (Masculine) or liking what you do (Feminine).
Bangladesh scores 55 on this dimension and can be considered a a Masculine society. In Masculine countries people “live in order to work”, managers are expected to be decisive and assertive, the emphasis is on equity, competition and performance and conflicts are resolved by fighting them out. UNCERTAINTY AVOIDANCE : The dimension Uncertainty Avoidance has to do with the way that a society deals with the fact that the future can never be known: should we try to control the future or just let it happen? This ambiguity brings with it anxiety and different cultures have learnt to deal with this anxiety in different ways. The extent to which the members of a culture feel threatened by ambiguous or unknown situations and have created beliefs and institutions that try to avoid these is reflected in the score on Uncertainty Avoidance.
Bangladesh scores 60 on this dimension and thus has an high score. Countries exhibiting high Uncertainty Avoidance maintain rigid codes of belief and behaviour and are intolerant of unorthodox behaviour and ideas. In these cultures there is an emotional need for rules (even if the rules never seem to work) time is money, people have an inner urge to be busy and work hard, precision and punctuality are the norm, innovation may be resisted, security is an important element in individual motivation.
uppose a Starbucks tall latte cost $4.00 in the United States, 5.00 euros in the euro area and $2.50 Australian dollars in Australia. Nominal exchange rates are .80 euros per dollar and 1.4 Australian dollars per U.S. dollar. Where does purchasing power parity hold
Answer: Nether Australia or Europe
Explanation:
Purchasing power parity is a notion that states that prices of the same or similar goods should have the same price across the world after adjusting for exchange rate differences.
If the price of a tall latte in the U.S. is $4,00, it should be the same price in Europe and Australia after exchange rate adjustments.
$4.00 in Euro is: $4.00 in Australian dollars is:
= 4 * 0.8 = 4 * 1.4
= €3.20 = $5.60
Purchasing power parity does not hold in wither countries because the prices of the lattes are not equal to the $4.00 in the U.S. after adjustments for exchange rates.
Bangladesh has been the 7 th largest mango exporter in the world and exported 1-billion-dollar worth of vegetables across the world. Within 1000 words, discuss i) How can we internationalize our productions? ii) How can we localize our productions? Discuss some research oriented examples.
Answer:
Private companies added 330,000 jobs in July, according to ADP, far short of the 653,000 estimate
Explanation:
Private companies added 330,000 jobs in July, according to ADP, far short of the 653,000 estimate:The 330,000 new positions is a sharp deceleration from the 680,000 added in June and the lowest total since February. Leisure and hospitality led the gains with 139,000 during a month in which goods-producing industries contributed just 12,000 jobs. #accelerationism
Why My LinkedIn Lead Generation Is Failing?
Answer:
Your LinkedIn lead generation is failing due to the following mistakes:
Mistake 1. Not Choosing the Right LinkedIn Automation ToolMistake 2. Sending and Sharing Self-Promotional ContentMistake 3. Not Personalizing ContentMistake 4. Not Segmenting LeadsMistake 5. Not sending Follow-UpsMistake 6. Not Paying Attention To StatsThere are tons of big and small mistakes that marketers make when it comes to LinkedIn lead generation. However, the worst thing is to not learn from those mistakes and keep repeating the mistakes.
Atlantis Fisheries issues zero coupon bonds on the market at a price of $498 per bond. These are callable in 8 years at a call price of $600. Using semiannual compounding, what is the yield to call for these bonds
Answer: 2.34%
Explanation:
Yield to call is the rate that would make the issue price equal to the call price in future. It is therefore the rate that would compound the $498 to $600 in 8 years.
Semiannual compounding means that the interest rate and the number of periods need to be adjusted:
Number of periods = 8 * 2 = 16 semi annual periods
Interest = x / 2 = 0.5x
Call price = Issue price * ( 1 + rate) ^ number of periods
600 = 498 * (1 + 0.5x)¹⁶
(1 + 0.5x)¹⁶ = 600 / 498
0.5x = ¹⁶√ (600/498) - 1
x = 0.011713672618214 / 0.5
x = 2.34%
Medici and Athena are companies that manufacture medical equipment. The two companies have partnered for a unique project to create a specialized X-ray machine with the latest and the most expensive technology available. Medici and Athena will share their knowledge and resources as well as ownership and risk in the investment. However, each company will retain its own business identity. Which of the following business forms have Medici and Athena adopted for the project?
a. A merger
b. A joint venture
c. Piggybacking
d. A licensing agreement
Answer:
a joint venture
Explanation:
"a commercial enterprise undertaken jointly by two or more parties which otherwise retain their distinct identities."
A joint venture, of the following business forms have Medici and Athena adopted for the project. Thus, option (b) is correct.
What is business?
The term “business” refers to earning a profit. The business is taking the risk and earning the profit. The business is mainly focused on the activities of the creation, distribution, and selling of concepts. The businesses are interested in the investment as a future perspective.
A commercial operation done jointly by two or more people who otherwise retain their unique identities. Medici and Athena were joint venture enterprises that produced medical equipment. The Medici and Athena would share their resources and knowledge as well as participation and risk in the investment, in the business.
As a result, the joint venture, of the following business forms have Medici and Athena adopted for the project. Therefore, option (b) is correct.
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Which 3 types of customer statements can QuickBooks Online generate?
Answer:
There are three types of customer statements in QuickBooks Online.
- Balance Forward: A list of invoices and payments with balance for date range selected.
- Open Item: A list of open, unpaid invoices from the last 365 days.
- Transaction Statement: A list of transactions between the selected dates.
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Stine Inc. had 1,000,000 shares of common stock issued and outstanding at December 31, 2020. On July 1, 2021 an additional 1,000,000 shares were issued for cash. Stine also had stock options outstanding at the beginning and end of 2021 which allow the holders to purchase 300,000 shares of common stock at $28 per share. The average market price of Stine's common stock was $35 during 2021. The number of shares to be used in computing diluted earnings per share for 2021 is
The number of shares to be used in computing diluted earnings per share for 2021 is 1,560,000
Diluted earnings per share=(1,000,000* 6/12) + (2,000,000 *6/12) + [((35 – 28) ÷35) *300,000]
Diluted earnings per share=500,000+1,000,000+60,000
Diluted earnings per share= 1,560,000
Therefore The number of shares to be used in computing diluted earnings per share for 2021 is 1,560,000
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Swifty Corporation reported net income of $203000 for the year. During the year, accounts receivable increased by $15000, accounts payable decreased by $6000 and depreciation expense of $32000 was recorded. Net cash provided by operating activities for the year is: __________
a. $214000.
b. $192000.
c. $179000.
d. $203000.
Answer:
la respuesta es la a espero te ayude
TRUE OR FALSE ? WHY ? Plesae help me
1. The goods that the enterprise wants or intends to add to its capital stock are inventories.
2. In a simple economy, the gross national product is the same as the gross domestic product and the national income.
3. The central bank cannot go bankrupt because it is always able to repay depositors' withdrawals by printing new notes at a faster rate.
4. Inflation is a phenomenon of money, so just reducing the money supply will reduce inflation.
Answer:
1. True
2. False
3. True
4. True
Explanation:
1. in accounting the stock is treated as inventories
2. because the GNP considers the output of a country's citizens regardless of where that economic activity occurred. GNP expresses the total value of all goods (products and services) produced by the residents of a particular country, regardless of national borders, thus including their foreign assets. while GDP considers the activity within a national economy regardless of the residency of the producers.
3. Financing for central banks is completely different to that of commercial banks and private corporations because their commitments – banknotes and commercial banks’ overnight deposits held at central banks are the only authorized forms of payment in their jurisdiction. Central banks have a monopoly on creating money,
4. inflation is a monetary phenomenon means to control the supply of money
ecember 31 of each year. Rupar accounts for the bonds as a held-to-maturity investment, and uses the effective interest method. In Rupar's December 31, 2021, journal entry to record the second period of interest, Rupar would record a credit to interest revenue of:
Answer:
$3,372.60
Explanation:
Full question "On January 1, 2021, Rupar Retailers purchased $100,000 of Anand Company bonds at a discount of $4,000. The Anand bonds pay 6% interest but were purchased when the market interest rate was 7% for bonds of similar risk and maturity. The bonds pay interest semiannually on June 30 and December 31 of each year. Rupar accounts for the bonds as a held-to-maturity investment, and uses the effective interest method. In Rupar's December 31, 2021, journal entry to record the second period of interest, Rupar would record a credit to interest revenue of:"
FV of the bond = $100,000
Coupon rate = 6% = 6%/2 = 3%
Effective rate = 7% = 7%/2 = 3.5%
Purchase Price of the Bond = $100,000 - $4,000
Purchase Price of the Bond = 96,000
First interest
Cash interest = 100,000*3% = $3,000
interest Revenue = 96,000*3.5% = $3,360
Discount Amortized = interest Revenue - Cash interest = $3360 - $3,000 = $360
Carrying Value of the Bond = Purchase Price of the Bond + Discount Amortized = $96,000 + $360 = $96,360
Second interest
Interest Revenue = Carrying Value * Effective interest Rate
Interest Revenue = $96,360 * 3.5%
Interest Revenue = $3,372.60
So, for the second period of interest, Rupar would record a credit to interest revenue of $3,372.60
TB MC Qu. 08-152 Minor Company installs a machine... Minor Company installs a machine in its factory at the beginning of the year at a cost of $135,000. The machine's useful life is estimated to be 5 years, or 300,000 units of product, with a $15,000 salvage value. During its first year, the machine produces 64,500 units of product. Determine the machines' first year depreciation under the double-declining-balance method.
Answer:
The correct answer is "$54000".
Explanation:
According to the question,
Annual depreciation rate will be:
= [tex]\frac{100 \ percent}{5}[/tex]
= [tex]20[/tex] (%)
hence,
The depreciation as per double decline will be:
= [tex]2\times Annual \ depreciation \ rate\times Beginning \ value[/tex]
By putting the values, we get
= [tex]2\times 20 \ percent\times 135000[/tex]
= [tex]54000[/tex] ($)
Abigail has an inheritance tax lien placed on all of her property. What kind of a lien is it?
Answer:
A general lien is one placed against any and all real and personal property owned by a particular debtor. An example is an inheritance tax lien placed against all property owned by the heir. A specific lien attaches to a single item of real or personal property, and does not affect other property owned by the debtor.
Explanation:
Inheritance tax lien is a kind of general lien.
What is Inheritance tax lien?A percentage of a decedent's estate's value that is distributed to beneficiaries by will, heirs by intestacy, and transferees by operation of law is subject to inheritance tax. Depending on the heir's status relative to the decedent, there are different tax rates. Payments for inheritance taxes are due at the time of the decedent's death and become past due nine months afterwards. A 5% rebate is permitted if inheritance tax is paid within three months of the decedent's passing. The Tax Law encumbers the decedent's real estate upon death to guarantee the payment of any estate taxes owed. The decedent's death date serves as the effective date of the inheritance tax lien. For all dates of death, a release of lien is used unless the decedent and the surviving spouse were the only joint tenants of real estate.
The value of the property has no bearing on whether a release of lien is necessary.
What is general lien?A general lien is the right of one person to keep any things or property that belong to another person that are in his possession until the promise or duty is satisfied.
It is the ability to keep someone else's property as payment for an overall account balance.
Brokers of insurance, bankers, factors, and High Court lawyers can all get a general lien. Without an express agreement to the contrary, the general lien of bankers, factors, wharfinger, attorneys, and policy brokers retains as a security for the overall balance of the account and any items that are to be bailed to them.
Service providers typically receive the broad lien privilege. These identification service providers reserve the right to keep the items that are given to them as bail in order to collect the overall balance of money that is owed by their client. This specific Section is very eager to restrict the use of general liens by stating that no one has the right to assert a general lien unless the parties have expressly provided for it in their contract.
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what is business ??
Answer:
A business is defined as an organization or enterprising entity engaged in commercial, industrial, or professional activities. ... The term "business" also refers to the organized efforts and activities of individuals to produce and sell goods and services for profit.
Answer:
A business is defined as an organization entity engaged in commercial activities
Explanation:
the production, distribution, and sale of goods and services for a profit
which of the following quotes is the best way to tell your boss that you can't accept a new assignment right now?
a. I would like to work on this. but if I take this on I won't be able to meet my current deadline.
b. you know I already have this other deadline
c. I just don't know if I can get this all done
d. I don't have time sorry
Answer:
a
Explanation:
it would be fine hopefully
The correct quotes are the best way to tell your boss that you can't accept a new assignment right now is "I would like to work on this. But if I take this on, I won't be able to meet my current deadline". Thus, option (a) is correct.
What is assignment?An assignment is a judicial word used in the context of contract and property law. Assignment is the process through which one person, the assignor, passes rights or advantages to another, the assignee.
Assignment is providing someone to a specific job or piece of labor, or assigning someone to a specific location to complete a job.
The simplest approach to inform your supervisor that you can't take on a new job right now is to say, "I'd want to work on this, but if I take it on, I won't be able to fulfill my present deadline." Therefore, it can be concluded that option (A) is correct.
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what are the competitive advantages of international businesses
Answer:
I think the above information will help you.....
Is there any company or firm that doesn't use CRM?
May i know the name of that company?
Answer:
Choudhary group of company
The following information relating to a company's overhead costs is available.
Actual total variable overhead $74,000
Actual total fixed overhead $18,000
Budgeted variable overhead rate per machine hour $2.00
Budgeted total fixed overhead $16,000
Budgeted machine hours allowed for actual output 44,000
Based on this information, the total variable overhead variance is:
a. $2,000 favorable.
b. $6,000 favorable.
c. $2,000 unfavorable.
d. $6,000 unfavorable.
e. $1,000 favorable.
a. Balance according to the bank statement at December 31, $283,000.b. Balance according to the ledger at December 31, $245,410.c. Checks outstanding at December 31, $68,540.d. Deposit in transit, not recorded by bank, $29,500.
Answer and Explanation:
The preparation of the bank reconciliation statement is presented below:
Balance as per bank statement as on Dec 31 $2,83,000.00
Add: Deposit in transit $29,500.00
less: cheques outstanding $68,540.00
Adjusted Balance as on 31st December $2,43,960.00
Balance as per Ledger as on Dec 31 $2,45,410.00
Less: Bank debit memo for service charges 750
less: payment of invoice wrongly recorded 700
Adjusted Balance as per 31st December $ 2,43,960.00
lYour friend says, "I have some extra money, but I'm not sure if I should save or invest it." What key questions would you ask your friend to help them figure out what to do? 1
A company has a capital project with before-tax cash inflows in real dollars that are expected to be $200,000 within 2 years. The inflation rate is expected to be 6% each year during that period. What is the before-tax cash inflow expressed in nominal dollars
The before-tax cash inflow expressed in nominal dollars is $224,720
Using this formula
Before-tax cash inflow=Before-tax cash inflows in real dollars*(1+Inflation rate)*(1+Inflation rate)
Let plug in the formula
Before-tax cash inflow=$200,000*(1+.06)*(1+0.06)
Before-tax cash inflow=$200,000*1.06*1.06
Before-tax cash inflow=$212,000*1.06
Before-tax cash inflow=$224,720
Inconclusion the before-tax cash inflow expressed in nominal dollars is $224,720
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Which of the following combinations is ensured to increase?
please you can give any option or full question
How do you actually do this? On there template and save it or make my own template.? So confused.
Scenario
You are a certified public accountant (CPA) who is working with a small bakery to prepare their financial statements for three months of the current
fiscal year. Because the company is a startup and so small, the accounting is done manually in Microsoft Excel. You have been given the accounts
and information you need to prepare their financial statements, but you will need to use the accounting cycle to report accurate information to the
finance department
Prompt
Accrual Basis: In your company accounting workbook, apply the accrual basis of accounting and prepare adjusting entries to ensure accurate
accounting for expenses that lack transactions in the current period. (You may refer to the Company Accounting Workbook Template
Spreadsheet if necessary, but keep in mind that your work for this milestone should be added to the work you completed in your workbook for the
previous milestone.)
Specifically, you must address the following rubric criteria:
• Unadjusted Trial Balance: Prepare the unadjusted trial balance portion of the Trial Balance" tab of the company accounting workbook,
ensuring that the total debits and credits match.
• Adjusting Entries: Prepare the "Adjusting Entries" tab of the company accounting workbook. Ensure that the entries are correctly transferred
to the adjusting entries portion of the Trial Balance" tab.
• Adjusted Trial Balance: Prepare the adjusted trial balance on the "Trial Balance" tab, ensuring that the debit and credit totals match.
Guidelines for Submission
Build on your work from Milestone One to complete the "Trial Balance" and "Adjusting Entries" tabs in your company accounting workbook. This
should be completed and submitted using Microsoft Excel. Please note that there are drop-down menus embedded in the "Accounts" columns as
well as formulas throughout the spreadsheet to help you complete the workbook without accidentally introducing errors.
Answer:
The answer is in the picture, Thanks
Explanation:
There are different kinds of template. The template workbook adjustment is shown in the image attached.
What is Adjusting entries?This is known to be any kind of alterations or changes that are made to journal entries of which a person has already recorded.
Note that these changes are done so that one can be sure that the numbers a person have recorded are in line or match up with the correct accounting periods. Therefore, the adjustment is shown in the image attached.
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Suppose that you are interested in determining the average height of a person in a large city. You begin by collecting the heights of a random sample of 144 people from the city. The average height of your sample is 66 inches, while the standard deviation of the heights in your sample is 3 inches.
The standard error of your estimate of the average height in the city is:___________.
Using the standard error formula, the standard error of the estimated average height in the city is 0.25 inches.
Given the Parameters :
Sample size, n = 144 people Standard deviation, σ = 3 inchesRecall the standard error Formula :
[tex] S.E = \frac{σ}{\sqrt(n)} [/tex]Plugging the values into the formula :
[tex] S.E = \frac{3}{\sqrt(144)} = \frac{3}{12} = 0.25[/tex]
Therefore, the standard error of the average height estimate is 0.25 inches.
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The standard error of your estimate of the average height in the city is 0.25 inches.
With respect to its estimate of a population parameter, the standard error (SE), a statistical metric, measures the variability, or uncertainty, of the sample data. This information shows how much the sample statistic is likely to differ from the true population parameter.
The standard error (SE) of the estimate of the average height in the city can be calculated using the formula:
SE = Standard Deviation / √Sample Size
In this case, the standard deviation (σ) is 3 inches, and the sample size (n) is 144.
SE = 3 / √144
SE = 3 / 12
SE = 0.25 inches
Therefore, the standard error of your estimate of the average height in the city is 0.25 inches.
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