Please help answer this question: Write your report to the President of Turnkey Corp using the report
Question:
Please help answer this question:
Write your report to the President of Turnkey Corp using the report guidelines found on the course web site and incorporating answers to the five questions below.
Q. 1. Statistics provided by developing countries are not always reliable. Data can be hard to gather and is sometimes reported incorrectly. From your analysis of Turgistan, you conclude that citizens there average $1,000 per month in household disposable income. The Minister of Development for Azmenistan says that disposable income is the same in his country. To see if the data supports this, your company has sampled 100 households from Azmenistan and obtained data on household disposable income. Use the Excel file ngi-data.xls, found on the course website to:
Disposable Income |
602.00 |
822.65 |
842.79 |
840.95 |
820.94 |
958.15 |
910.10 |
957.48 |
995.66 |
867.17 |
802.62 |
1008.77 |
745.97 |
905.88 |
940.84 |
754.77 |
960.76 |
897.26 |
835.38 |
925.79 |
948.25 |
872.22 |
719.48 |
883.08 |
1028.29 |
738.20 |
996.32 |
919.36 |
819.94 |
1004.23 |
861.31 |
1067.62 |
847.87 |
1041.80 |
791.61 |
906.73 |
1033.35 |
935.21 |
983.94 |
1004.91 |
993.60 |
970.68 |
794.23 |
948.29 |
949.45 |
804.84 |
936.08 |
986.73 |
784.51 |
922.03 |
1014.22 |
963.19 |
829.64 |
806.42 |
860.37 |
891.54 |
731.69 |
888.42 |
868.95 |
1025.60 |
976.48 |
878.54 |
871.55 |
772.61 |
953.84 |
830.44 |
859.37 |
781.73 |
880.33 |
915.49 |
939.17 |
867.59 |
804.17 |
924.46 |
847.51 |
882.95 |
818.04 |
807.13 |
892.76 |
824.78 |
977.04 |
1079.09 |
895.89 |
872.66 |
953.17 |
994.84 |
842.77 |
1033.59 |
766.47 |
976.48 |
846.98 |
942.39 |
840.77 |
856.07 |
1041.24 |
782.38 |
884.30 |
970.45 |
878.92 |
961.68 |
a. Derive a frequency distribution of income
b. Create a histogram of income
c. Obtain and interpret the sample mean and standard deviation
d. Test the hypothesis, at the 5% significance level, that Azmenistan also has a mean of $1,000
Fundamentals of Cost Accounting
ISBN: 978-0077398194
3rd Edition
Authors: William Lanen, Shannon Anderson, Michael Maher