Janine is analyzing spending habits of students in her high school. She finds a mean monthly discretionary

Question:

Janine is analyzing spending habits of students in her high school. She finds a mean monthly discretionary expense of $70 spent on having meals out with friends. The standard deviation of a distribution is 5. What is the variance?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For answer-question

Financial Algebra Advanced Algebra With Financial Applications

ISBN: 9781337271790

2nd Edition

Authors: Robert Gerver, Richard J. Sgroi

See More Books

Question Posted: Sep 09, 2022 02:00 AM

See More Questions

In a pre course, anonymous survey of students in her introductory statistics course, one of the authors asked her students how many hours per week they expected to spend studying statistics outside...
Find the mean and the standard deviation for the distribution of heads coins in the case of 10 throws of an unbiased coin. Find the probability that a single toss will give a value within one...
Janine Waite has several credit cards, on which she is carrying a total current balance of $14,500. She is considering transferring this balance to a new card issued by a local bank. The bank...
You have obtained the following share prices from Yahoo Finance. Company 1 is listed on the London Stock Exchange. You want to estimate the beta value for Company 1. You run a regression of the share...
Why did the Mercantilists consider holdings of precious metals so important to nation-state building?
At the beginning of 2019, Ace Company had the following portfolio of investments in available-for-sale debt securities (all of which were acquired at par value): During 2019, the following...
Christopher Boling was seriously injured in 2008 when vapors escaping from a gas can ignited. He filed a products liability claim against the manufacturer. To fund the litigation, Boling entered into...
The following data have been extracted from the records of Riddle Co.: Required: a. Calculate the missing costs. b. Calculate the cost formula for mixed cost using the highlow method. c. Calculate...
3. Write a test program which has a static method that takes a shape argument and displays information about it (its radius, its area and volume, if applicable). Writing this to display information...
Xinran, who is married and files a joint return, owns a grocery store. In 2021, his gross sales were $276,000, and his operating expenses were $320,000. Other items on his 2021 return were as...
Back-to-school shopping is a very big business. Some may consider these expenses essential while others look at them as discretionary costs. However you look at it, the data of the average dollars...
Using the data from question 2, you can compute the mean food and lodging cost of a 10-day vacation by multiplying the per-day mean by 10. The standard deviation for the 10-day vacation can be found...
Visit a local shopping mall or shopping area. List each store that you see and determine what degree of com-petition it faces in its immediate environment. For example, if there is only one store in...
What are the steps in testing the quality of a strategy?
What are the three primary roles played by boards? How do boards carry out these roles?
What is the relationship between strategy formulation and strategy implementation?
Do you agree or disagree with the following statements? Explain in a sentence or two. a. A firm will never sell its product for less than it costs to produce it. b. If the short-run marginal cost...
The data in the table represent annual costs and revenue for Annas Bakery, a bakery specializing in wedding cakes. Anna works 60 hours a week at the store. She also owns the building that houses her...
After eliminating one or more X variables, what is your final demand function for passenger cars? In what ways is this "final" model better than the initial model that includes all X variables?
Critical reading SAT scores are distributed as N(500, 100). a. Find the SAT score at the 75th percentile. b. Find the SAT score at the 25th percentile. c. Find the interquartile range for SAT scores....
Use the candlestick chart to answer the questions below. a. What was the approximate low on June 20? b. What was the approximate high on this date? c. What was the difference between the opening...
Lea owns 800 shares of ABC, Incorporated. On April 6 the corporation instituted a 5-for-2 stock split. Before the split, each share was worth $42.60. a. How many shares did Lea hold after the split?...
Gene owns 1,200 shares of XYX Corporation. The company instituted a 1-for-10 reverse stock split on November 7. The pre-split market price per share was $1.20. a. How many shares did Gene hold after...
Set out below is the sales revenue and profit for 2023. Year Sales Profit 2023 464,820 146,522 In 2023, the business manufactured and sold 104,000 units and had fixed costs of 121,370. All other...
Testator executes the following will: I give my Amazon stock to my nephew Karl. I give 1,000 shares of HP stock to my granddaughter Laura. I give $10,000 to my granddaughter Olivia. I give the...
Upon his death in 2022, Nicolas owned an insurance policy on his own life (face amount of $700,000) with his wife, Holly, as the designated beneficiary. Holly is not a U.S. citizen. Nicolas and Holly...

Janine is analyzing spending habits of students in her high school. She finds a mean monthly discretionary

Question:

Step by Step Answer:

Answer Variance 25 Stepbystep explanation Standar...View the full answer

Financial Algebra Advanced Algebra With Financial Applications

Students also viewed these Mathematics questions