# A survey asks 1200 ​workers, "Has the economy forced you to reduce the amount of vacation you plan to take this​ year?" Forty​-six percent of those surveyed say they are reducing the amount of vacation. Twenty workers participating in the survey are randomly selected. The random variable represents the number of workers who are reducing the amount of vacation. Decide whether the experiment is a binomial experiment. If it​ is, identify a​ success, specify the values of​ n, p, and​ q, and list the possible values of the random variable x. Is the experiment a binomial​ experiment?

It is a binomial experiment.

A success is a worker saying that the economy forced him to reduce the amount of vacation you plan to take this​ year.

The random variable x can assume any value from 0 to 20, inclusive.

Explanation:

For the question that is asked to the workers( "Has the economy forced you to reduce the amount of vacation you plan to take this​ year?") there are two possible answers, only two possible outcomes. So yes, it is a binomial experiment.

If it​ is, identify a​ success, specify the values of​ n, p, and​ q, and list the possible values of the random variable x.

A success is a worker saying that the economy forced him to reduce the amount of vacation you plan to take this​ year.

n is the amount of workers that participate in the survey. So

p is the decimal probability of a success. Forty​-six percent of those surveyed say they are reducing the amount of vacation. So

q is the decimal probability of a failure. The sum of the probability of a failure and a success must be decimal 1. So

The values of the random variable x are the number of workers that say they are reducing their amount of vacation. 20 workers are surveyed, so the random variable x can assume any value from 0 to 20, inclusive.

## Related Questions

The Museum of America is preparing for its annual appreciation dinner for contributing members. Lastâ year, 525 members attended the dinner. Tickets for the dinner were \$ 24 per attendee. The profit report for lastâ year's dinner follows. Ticket sales \$12,600

Cost of dinner 15,300

Gross Margin 2,700

Invitations and paperwork 2,500

Profit (loss) \$ 5,200

This year the dinner committee does not want to lose money on the dinner. To help achieve itsâ goal, the committee analyzed lastâ year's costs. Of the â\$15,300 cost of theâ dinner, â\$9,000 were fixed costs and â\$6,300 were variable costs. Of the â\$2,500 cost of invitations andâ paperwork, â\$1,975 were fixed and â\$525 were variable.

Requirement:

1. Prepare last year's profit report using the contribution margin format.

Contribution Margin                                       \$ 5775

Net Loss                                                          ( \$ 5,200 )

Explanation:

Ticket sales                                                    \$12,600

Less

Variable Costs

Cost of dinner

Variable Costs ( 15,300- 9000)                     \$ 6,300

Invitations and paperwork (variable costs)  \$ 525

Less Fixed Expenses

Cost of dinner   (fixed  costs)                       \$ 9000

Invitations and paperwork (fixed  costs)      \$ 1975

Net Loss                                                          ( \$ 5,200 )

Contribution Margin is obtained by deducting variable costs from sales and then the profit or loss is obtained by deducting fixed costs from the contribution margin.

In an efficient market, professional portfolio management can offer all of the following benefits except which of the following? A. A superior risk-return trade-off
B. Low-cost diversification
C. A targeted risk level
D. Low-cost record keeping

A. A superior risk-return trade-off

Explanation:

In a normal and efficient market a professional portfolio management service is able to offer  Low-cost diversification, A targeted risk level, and even a Low-cost record keeping. What they cannot offer is a superior risk-return trade-off, this is because risk-return holds a very correlated trade-off in which the higher amount of risk your portfolio holds the higher returns you can get from it, but this does not get rid of the risk which can cause you to lose all of your money. Therefore "superior" is unnachievable.

El Tapatio purchased restaurant furniture on September 1, 2018, for \$31,000. Residual value at the end of an estimated 10-year service life is expected to be \$4,600. Calculate depreciation expense for 2018 and 2019, using the straight-line method, and assuming a December 31 year-end.

Depreciation expense for 2018 was \$880

Depreciation expense for 2019 was \$2,640

Explanation:

The company uses straight-line depreciation method, Depreciation Expense each year is calculated by following formula:

Annual Depreciation Expense = (Cost of furniture − Residual Value )/Useful Life = (\$31,000-\$4,600)/10 = \$2,640

Depreciation Expense per month = \$2,640/12 = \$220

Depreciation Expense for 2018 (from September 1, 2018 to December 31, 2018) = \$220 x 4 = \$880

Depreciation Expense for 2019 = \$2,640

In 2009, based on concepts similar to those used to estimate U.S. employment figures, the Japanese adult non- institutionalized population was 110.272 million, the labor force was 65.36 million, and the number of people employed was 62.242 million. According to these numbers, the Japanese labor-force participation rate and unemployment rate were aboutA 56.4% and 2.8%.
B 56.4% and 4.8%.
C 59.3% and 2.8%.
D 59.3% and 4.8%.

Option (D) is correct.

Explanation:

Given that,

Japanese adult non- institutionalized population = 110.272 million

Labor force = 65.36 million

Number of people employed = 62.242 million

Labor force participation rate is calculated as the percent of adult population involved in the labor force.

Labor force participation rate:

= (Labor force ÷ adult non- institutionalized population) × 100

= (65.36 ÷ 110.272) × 100

= 0.5927 × 100

= 59.27% or 59.3%

Unemployment rate is calculated as the percent of people unemployed among the labor force.

Number of people unemployed:

= Total labor force - Number of employed

= 65.36 - 62.242

= 3.118 million

Unemployment rate:

= (Number of people unemployed ÷ Labor force) × 100

= (3.118 ÷ 65.36) × 100

= 0.0477 × 100

= 4.77% or 4.8%

asserine runs a tapestry shop in Rome, weaving historical images for the tourism industry. Lately, her arthritis has gotten worse, so she brings in several young workers and begins to teach them how to weave her images. Which factor of production did Passerine enhance?

3dd32df34f134ggggggggg333333g

Explanation:

The Holtzman Corporation has assets of \$384,000, current liabilities of \$54,000, and long-term liabilities of \$79,000. There is \$36,800 in preferred stock outstanding; 20,000 shares of common stock have been issued. a. Compute book value (net worth) per share. (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Book value per share \$

b. If there is \$33,600 in earnings available to common stockholders, and Holtzman’s stock has a P/E of 22 times earnings per share, what is the current price of the stock? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Current price \$

c. What is the ratio of market value per share to book value per share? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

A. \$10.71

B.\$36.96

C. 3.45 times

Explanation:

The Holtzman Corporation

A.

Total assets \$384,000

Less:current liabilities (\$54,000)

long-term liabilities of (\$79,000)

Stock holder equity \$251,000

Less preferred stock( \$36,800)

Net worth assigned to common \$214,200

Common shares outstanding \$20,000

Book value per share (Net worth) per share \$10.71

Book value per share = \$214,200/\$20,000

= \$10.71

B. Earnings per share = Earnings available to common stockholders /Numbers of shares

\$33,600/\$20,000

=\$1.68

Price =P/E×EPS

22×\$1.68

=\$36.96

C. Market value per share to book value per share

\$36.96/\$10.71

3.45 times