Household income in the us
Determine if this statistical study is descriptive or inferential:
A study finds that the median household income in the US has declined over the last two years.
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They select a random sample of 200 people to estimate the percentage of who owns their home. What is the percentage that at least 140 people own their home?
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Sales are collected 50% in the month of sale, 30% in the month following sale, and 19% in the second month following sale. 1 percent of sales is uncollectible and expensed at the end of the year.
Andree is about to graduate college with a management degree. She has been offered a job as a sales representative for a pharmaceutical company.
Determine if this statistical study is descriptive or inferential: A study finds that the median household income in the US has declined over the last two years.
Pueblo Co. acquires machinery by paying $10,970 cash and signing a $4,400, 2-year, zero-interest-bearing note payable. The note has a present value of $3,922, and Pueblo purchased a similar machine last month for $13,710.
Suppose 45 shoppers are interviewd. What is the probability that no more than 28% of shoopers say they are likely to purchase the bags?
Provide a different example for each of the following types of variables from your work or home life:
Cash dividends of $26,000 were paid, $5,000 of which were to preferred stockholders. Compute the following ratios for 2012. Earnings per share, price-earning, pay-out, times interest earned
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