Mary has just completed the analysis phase of her project. Now she is waiting to find out if the project will be changed because her group practices __ after each phase to rejustify the project.

Answers

Answer 1

Now that Mary has completed the analysis phase of her project, her group will most likely practice prototyping in order to rejustify the project.

What is prototyping?Quite simply, prototyping is the creation of a prototype. A prototype is a test version of the final project or product. These are useful in order to test and correct aspects of the project before the final launch. Mary and her likely use prototyping to rejustify the project by proving that each phase is improving on the previous one.

Therefore, we can confirm that Mary is most likely waiting to find out if the project will be changed because her group practices prototyping after each phase to rejustify the project as an improvement over the previous version.

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Related Questions

As you learned in the video, there is no specific age requirement to pay taxes.
Why, then, do you think there is a lack of awareness and general knowledge
about taxes among teens?

Answers

There could be several reasons why there is a lack of awareness and general knowledge about taxes among teens. One reason could be that taxes are not typically taught in schools, especially at the high school level. Another reason could be that teens may not have had any experience with earning income or paying taxes yet, so they may not see the relevance of learning about taxes. Additionally, taxes can be a complex and confusing topic, which can make it difficult for anyone, including teens, to understand. Finally, some teens may simply not be interested in learning about taxes until they are required to file their own tax returns.

One reason why there might be a lack of awareness and general knowledge about taxes among teens is that tax education is not typically taught in schools. Many schools do not offer personal finance or economics courses, and even when they do, the focus is often on basic concepts like budgeting and saving rather than complex topics like tax laws and regulations.

Another reason could be that teens may not have started earning enough income to be required to file taxes. As a result, they may not see taxes as relevant to their lives, and may not take the initiative to learn about the subject.

Additionally, the tax code can be complex and difficult to understand, even for adults. This complexity can make it challenging for teenagers to learn about taxes on their own, especially if they do not have access to resources like tax professionals or online educational materials.

The Riteway Ad Agency provides cars for its sales staff. In the past, the company has always purchased its cars from a dealer and then sold the cars after three years of use. The company’s present fleet of cars is three years old and will be sold very shortly. To provide a replacement fleet, the company is considering two alternatives:



Purchase alternative: The company can purchase the cars, as in the past, and sell the cars after three years of use. Ten cars will be needed, which can be purchased at a discounted price of $20,000 each. If this alternative is accepted, the following costs will be incurred on the fleet as a whole:



Annual cost of servicing, taxes, and licensing $ 5,300
Repairs, first year $ 3,200
Repairs, second year $ 5,700
Repairs, third year $ 7,700


At the end of three years, the fleet could be sold for one-half of the original purchase price.



Lease alternative: The company can lease the cars under a three-year lease contract. The lease cost would be $72,000 per year (the first payment due at the end of Year 1). As part of this lease cost, the owner would provide all servicing and repairs, license the cars, and pay all the taxes. Riteway would be required to make a $16,000 security deposit at the beginning of the lease period, which would be refunded when the cars were returned to the owner at the end of the lease contract.



Riteway Ad Agency’s required rate of return is 16%.



Click here to view Exhibit 12B-1 and Exhibit 12B-2, to determine the appropriate discount factor(s) using tables. (Use the tables to get your discount factors. The linked tables are the same tables as the ones in your course packet. If you calculate discount factors using Excel or a financial calculator, your answer may be different enough due to rounding that the system will mark it wrong.)



Required:

1. What is the net present value of the cash flows associated with the purchase alternative?

2. What is the net present value of the cash flows associated with the lease alternative?

3. Which alternative should the company accept?



Answers

The lease option has a present value of $123,499. The purchase option has a present value of $123,499 using the total cost approach. Acceptance would be given to the lease option.

How does present value work?

The sum of discounted cash flows is the present value. It is the present value of a cash flow. A financial calculator would be used to figure out the present value.

Cash flow from the purchase alternatives: Cash flow in year 0 = $17,000 x 10 = $170,000 Cash flow in year 1 = $-3000 - $1500 = $-4500 Cash flow in year 2 = $3000 - $4000 = $7000 Cash flow in year 3 = $3000 - $6000 - ($170,000 / 2) = $-76,000 .

Cash flow from the lease alternative:

Cash flow in year 0 = $10,000

Cash flow in year 1 = $55,000

Cash flow in year 2 = $55,000

Cash flow in year 3 = $55,000-  $10,000 = $45,000

Discount rate = 18%

Present value = $123,499

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Given the information below, calculate the net cash provided from operating activities for Baskin Peter Pty. Ltd.

Receipts from customers $279,247

Payments for property, plant & equipment $42,310

Interest paid $4,231

Proceeds from issue shares $25,836
Payments to supplier and employees $220,013

Repayment of borrowings $53,331

GST paid $16,924

Payments for motor vehicle $37,985

Interest received $6,770

Select one:

$61,773

$44,849

$55,345

$49,080

Answers

To calculate the net cash provided from operating activities, we need to add up the cash inflows from operating activities and subtract the cash outflows from operating activities.

The cash inflows from operating activities are:

Receipts from customers: $279,247

Interest received: $6,770

Total cash inflows from operating activities: $286,017

The cash outflows from operating activities are:

Payments to suppliers and employees: $220,013

GST paid: $16,924

Total cash outflows from operating activities: $236,937

Therefore, the net cash provided from operating activities is:

Net cash provided from operating activities = Cash inflows from operating activities - Cash outflows from operating activities
Net cash provided from operating activities = $286,017 - $236,937
Net cash provided from operating activities = $49,080

Therefore, the net cash provided from operating activities for Baskin Peter Pty. Ltd. is $49,080.

So the answer is D) $49,080.

If the equilibrium price for tickets to a a Lady Antebellum concert is $100 each and they sell them for $85,

Answers

Answer: you save $15

Explanation: 100-85 is 15 and the tickets are selling for $85 instead of original price

Explanation:

The cost of an items is 200. what will be the cost of 50 such. write a simple program

Which type of car insurance policy usually has the highest premium?

Which type of car insurance policy usually has the highest premium?

Answers

Comprehensive car insurance policy usually has the highest premium among all the other types of car insurance policies. Hence the correct answer is A.

Comprehensive car insurance is an optional coverage that provides protection against damage to your vehicle from various risks such as theft, vandalism, fire, and natural disasters. It also covers damages to your car from collisions with animals. Comprehensive car insurance provides broader coverage than liability insurance, including damage to both other people and property and your own car, making it more expensive.

Therefore, comprehensive car insurance policy usually has the highest premium among all the other types of car insurance policies. Hence the correct answer is A.

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What are the duties of an animation designer?

Answers

Answer: they  create films for companies, computer games, studios of animation

but the duties:

creatively to produce original and aesthetically pleasing design and solutions

Answer: Animation designers need to work in teams to produce work. Animation designers need to research their current projects to create realistic designs and animation. They develop storyboards that map out key scenes. These designers need to take feedback from directors, other designers, and their client, and apply this feedback to their work.

Explanation: Sample answer for edmentum

(LO 7) The Gardner Company expects sales for October of $238,000. Experience suggests that 45% of sales are for cash and 55% are on credit. The company collects 50% of its credit sales in the month of sale and 50% in the month following sale. Budgeted Accounts Receivable on September 30 is $62,000. What is the amount of Accounted Receivables on the October 31 budgeted balance sheet?

Answers

Answer:

$65,450

Explanation:

Calculation for the amount of Accounted Receivables on the October 31 budgeted balance sheet

Using this formula

Accounted Receivables on the October 31 budgeted balance sheet=Credit sales*October sales*Credit sales

Let plug in the formula

Accounted Receivables on the October 31 budgeted balance sheet=(55% * 238,000 *50%)

Accounted Receivables on the October 31 budgeted balance sheet=$65,450

Therefore the amount of Accounted Receivables on the October 31 budgeted balance sheet will be $65,450

At Mighty-Tuf Industrial Products Group, 30 percent of its employees are neither a citizen of the parent company nation nor the host nation where they have a manufacturing plant. These employees would be classified as

Answers

Employees that are not from the parent country or the host nation are known as third-country nationals.

Who are third-country nationals?

These are those employees that do not come from the country the company was founded in, or from the country that the company is operating in.

These employees are usually hired based on competence and not due to internal policies dictating that a certain number of nationals or home citizens must be hired.

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A Market share is usually stated as a

Answers

Answer:

stock

Explanation:

a stock is a a share of a company

On January 1, 2016, Flathound Properties received $22,800 from a tenant as rent for all of 2016. What journal entry would Flathound Properties make at the end of January 2016 to show that one month of service had been provided?

Answers

In order to show that one month of service has been provided, Flathound Properties should both Debit Deferred Revenue and Credit Revenue for $1,900.

What is the journal entry for a month of service?

The $22,800 is for the whole year so we need to find the monthly rent:

= 22,800 / 12

= $1,900

This amount will be credited to Revenue to show that Flathound Properties has earned it for rental services provided. It will also be debited to Deferred Revenue.

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In its first month of operations, Literacy for the Illiterate opened a new bookstore and bought merchandise in the following order: (1) 400 units at $7 on January 1, (2) 600 units at $10 on January 8, and (3) 930 units at $11 on January 29. Assume 1,130 units are on hand at the end of the month. Calculate the cost of goods available for sale, cost of goods sold, and ending inventory under the (a) FIFO, (b) LIFO, and (c) weighted average cost flow assumptions. Assume perpetual inventory system and sold 800 units between January 9 and January 28. (Round your intermediate calculations to 2 decimal places.)

Answers

Answer:

(a) FIFO

Cost of Goods Sold  = $6,800

Ending Inventory  = $12,230

(b) LIFO

Cost of Goods Sold  = $7,400

Ending Inventory  = $11,630

(c) weighted average cost

Cost of Goods Sold  = $7,040

Ending Inventory  = $11,990

Explanation:

Perpetual inventory method ensures that cost of sales and inventory value is determined after each and every transaction.

FIFO

This method assumes that the units to arrive first, will be sold first. This means the cost of sales is based on the earlier (old) prices and inventory valuation is based on recent (later) prices.

Cost of Goods Sold = 400 x $7 + 400 x $10 = $6,800

Ending Inventory = 200 x $10 + 930 x $11 = $12,230

LIFO

This method assumes that the units to arrive last , will be sold first. This means the cost of sales is based on the recent (later) prices  and inventory valuation is based on earlier (old) prices.

Cost of Goods Sold = 600 x $10 + 200 x $7 = $7,400

Ending Inventory = 200 x $7 + 930 x $11 = $11,630

Weighted Average Cost Method

A new unit cost is calculated with each and every purchase made. This new unit cost is then used to determine the cost of goods sold and the value of inventory.

New Unit Cost - 8 jan = (400 x $7 + 600 x $10) ÷ 1,000 = $8.80

New Unit Cost - 29 jan = (200x $8.80 + 930 x $11) ÷ 1,130 = $10.61

therefore,

Cost of Goods Sold = 800 x $8.80 = $7,040

Ending Inventory = 1,130 x $10.61 = $11,990

What is a tax free savings account that can only be used for educational expenses

Answers

A tax-free savings account that can only be used for educational expenses is called a 529 plan, which is specifically designed for education purposes and includes education expenses such as tuition, fees for books, etc.

What is the significance of the savings account?

Savings accounts keep track of personal expenses such as a person's bank balance, which can be withdrawn when needed; savings accounts earn interest as a result, the money grows over time and helps the person get a loan with a certain amount, etc.

Hence, tax-free savings account that can only be used for educational expenses is called a 529 plan, which is specifically designed for education purposes and includes education expenses such as tuition, fees for books, etc.

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M. Poirot wishes to sell a bond that has a face value of $1,000. The bond bears an interest rate of 11.28% with bond interest payable semiannually. Six years ago, $979 was paid for the bond. At least a 12% return (yield) on the investment is desired. The minimum selling price must be: Enter your answer as follow: 1234.56

Answers

Answer:

M. Poirot

The minimum selling price must be:

= $2,065.09.

Explanation:

a) Data and Calculations:

Face value of bond = $1,000

Interest rate = 11.28%

Interest payment = semiannually

Price of bond six years ago = $979

Desired return (yield) rate = 12%

Minimum selling price can be determined as follows:

N (# of periods)  12

I/Y (Interest per year)  12

PV (Present Value)  979

PMT (Periodic Payment)  5.64

Results

FV = $2,065.09

Sum of all periodic payments $67.68

Total Interest $1,018.41

ALOT OF POINTS MARKING PEOPLE AS BRAINLIST


You've been watching a stock that currently trades at $85 per share. You'd buy it if it were less expensive, say $75 per share. You think that by year-end, the stock will go to $130 and then level off or decline. You place a limit order to buy 100 shares at $ 75 and a limit order to sell at $130. It turns out that you were right about the direction of the price move and it goes straight to $140. What is your position?

Answers

Answer:

Stock portfolio is weighted in $$ not shares.

weight = 100% * (position value) / (portfolio value)

Stock A

155 * $88 = $13,640

Stock B

130 * $98 = $12,740

if these are the only two positions in the portfolio then the total portfolio value is:

$13,640 + $12,740 = $26,380

weight A = 100% * $13,640 / $26,380

= 51.7%

then, since there's only two positions the weight of B is: 100% - 51.7% = 48.3%

Explanation:

The small country of Benin has many international trading partners between not only countries close by, but also larger countries such as the U.S. What is one of the benefits that Benin receives from lowering its trading barriers? It receives a fixed quantity of goods and services which supply the population by limiting the number of goods and services available. The economy needs to produce goods and services that the country requires. Workers and firms in the country can now specialize in areas because other goods and services are found through trade.

Answers

In contrast to what would have been achievable domestically, trade between two agents or nations enables the countries to enjoy a higher overall production and level of consumption.

What is one advantage that Benin gains from relaxing its trade restrictions?

Competition in the liberalized industry may be boosted by lowered trade and FDI restrictions on finished goods (s). This can assist businesses in utilizing economies of scale, enhancing efficiency, incorporating foreign technology, and innovating.

The potential of an improved trade balance and the protection of homegrown growing sectors are benefits of trade protectionism. Inefficiencies in the economy and a lack of customer choice are drawbacks. Other nations retribution is another concern for nations. Non-tariff obstacles that might otherwise obstruct the flow of products and services can also be addressed through free trade agreements, which can serve to enhance regulations governing matters like intellectual property, e-commerce, and public procurement.

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What action should a project manager take to ensure effective project governance?

Answers

Answer:

Prioritize clear, reachable, and sustainable goals during the closing phase

microeconomics definition of economics cost

microeconomics definition of economics cost
microeconomics definition of economics cost

Answers

In microeconomics, the concept of economic cost refers to the total value of resources, both explicit and implicit, that are sacrificed or foregone in order to produce a particular good or service.

It goes beyond the monetary expenses and includes the opportunity cost of using resources in one way instead of their next best alternative use. Economic cost comprises two main components:

Explicit Costs: These are the actual out-of-pocket expenses incurred in the production process. They include the cost of labor, raw materials, rent, utilities, and any other direct payments made to suppliers or factors of production. Explicit costs are tangible and measurable in monetary terms.

Implicit Costs: These represent the opportunity cost of utilizing resources in a specific production activity. Implicit costs are the benefits or values associated with the next best alternative that is forgone when resources are allocated to a particular use. They often involve the use of self-owned resources or factors of production, such as the foregone income from not working at another job or the foregone rental income from not leasing out a property.

To calculate the economic cost of production, both explicit and implicit costs need to be taken into account. By considering the full range of costs, economists aim to capture the true economic impact of a decision or an activity, providing a more comprehensive understanding of the costs involved in the production process.

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With perfect price discrimination, the marginal revenue curve
A) is equal to the demand curve.
B) is below the demand curve. C) is above the demand curve.
D) is horizontal.

Answers

Answer: b

Explanation: Because the monopolist must lower the price on all units in order to sell additional units, marginal revenue is less than price. Because marginal revenue is less than price, the marginal revenue curve will lie below the demand curve.

brief exercise 8-17 (algo) calculate current ratio and acid-test ratio (lo8-6) airline accessories has the following current assets: cash, $111 million; receivables, $103 million; inventory, $191 million; and other current assets, $27 million. airline accessories has the following liabilities: accounts payable, $116 million; current portion of long-term debt, $44 million; and long-term debt, $32 million. based on these amounts, calculate the current ratio and the acid-test ratio for airline accessories.

Answers

The current ratio is 1.81 and the acid-test ratio is 0.94.

The current ratio is calculated by dividing the total current assets by total current liabilities. In this case, the current assets are $432 million ($111 million + $103 million + $191 million + $27 million) and the current liabilities are $160 million ($116 million + $44 million), resulting in a current ratio of 2.7 ($432 million ÷ $160 million).

The acid-test ratio, also known as the quick ratio, is a more stringent measure of a company's liquidity as it only takes into account the most liquid assets, excluding inventory. It is calculated by dividing the sum of cash, accounts receivable, and other current assets by total current liabilities. In this case, the quick assets are $241 million ($111 million + $103 million + $27 million) and the current liabilities are $160 million, resulting in an acid-test ratio of 0.94 ($241 million ÷ $160 million).

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Suppose a four period weighted average is being used to forecast demand. Weights for the periods are: wt-4 = 0.1 wt-3 = 0.2 wt-2 = 0.3 wt-1 = 0.4 Demand observed in the previous four periods was: At-4 = 268 At-3 = 426 At-2 = 291 At-1 = 363 What will be the demand forecast for period t? (Keep one decimal place in your answer).

Answers

397 units of demand are anticipated.

How is the forecast period calculated?

Forecasting for the past: Sales velocity, or the rate at which sales increase over time, and historical data are used in this approach. The equation is: Sales from the previous month multiplied by speed equals more sales; after that: The anticipated sales for the following month are the sum of the additional sales and the rate from the previous month.

Which type of demand forecasting is carried out for a number of future periods?

Forecasting long-term demand takes more than a year. Identifying and anticipating seasonality, annual patterns, production capacity, and expansion over a longer period of time are all made easier by this.

We have provided:

The periods' weights are.

Demand in the previous four periods was as follows: wt-4 = 0.1, wt-3 = 0.2, wt-2 = 0.3, and wt-1 = 0.4

At-4 = 380, At-3 = 410, At-2 = 390, and At-1 = 400, the predicted demand will be as follows:

= 0.1*380+0.2*410+0.3*390+0.4*400

= 38+82+117+160

= 397

Hence the gauge will be 397.

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Prepare a comparative income statement for any company extracting their P&L statement for the years 2020-21 & 2021-22. Analyse the incline and decline in the different elements in the P&L Statement and provide detailed insights.

Answers

Answer:

this is my own answer

Explanation:

hi

How to Prepare a Comparative Income Statement?

Step 1: Specify absolute figures of items like goods sold, net sales, selling expenses, etc., relating to the accounting period under consideration for analysis.

Step 2: Calculate the absolute change in the items mentioned in the income statement.

(Y²R²C²i²x²k²j²e²s²b²)where "land and water are intimately intertwinned, constantly shifting, and with the pressures of population, increasingly valuable in its rarity."find all things

Answers

Land and water are intimately intertwined, constantly shifting, and with the pressures of population, increasingly valuable in its rarity to the significance and interconnectedness of land and water resources.

Here's an explanation of the terms used:

Land refers to the Earth's solid surface, which includes continents, islands, and various forms of topography. Water is the liquid component of the Earth's surface, and it includes oceans, rivers, lakes, and groundwater. Intimately Intertwined: The statement emphasises how land and water are inextricably linked and interdependent. They interact and impact one another in a variety of ways. Constant Change: Both land and water are constantly changing and moving. Population Pressures: As the world's population grows, so does the demand for land and water. Rarity and Increasing Value: The rarity of land and water resources relates to their limited availability as well as the growing appreciation for their value.

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For cost of capital purposes, the firm should always consider reinvested earnings as the first source of capital – i.e. use these funds first- because reinvested earnings have no cost to the firm.
A. True
B. False

Answers

I think it is true.

chính sách chủng loại iphone

Answers

Answer:

Những chính sách gì?

Explanation:

Tất cả các loại trên trang web.

Circle Square, incorporated had an ROI of 9%, turnover of 3.0, and sales of 4 million for the year. What is the margin for the year

Answers

The margin for the year is 30% for Circle Square, incorporated had an ROI of 9%, turnover of 3.0, and sales of 4 million for the year.

What is margin?

To calculate the margin, we can use the formula:

Margin = Net Income / Sales

First, we need to find the net income, which is calculated as:

Net Income = ROI x Total Assets

Total Assets = Sales / Turnover

Net Income = ROI x (Sales / Turnover)

Net Income = 0.09 x (4,000,000 / 3.0)

Net Income = $1,200,000

Now we can calculate the margin:

Margin = Net Income / Sales

Margin = $1,200,000 / $4,000,000

Margin = 0.30 or 30%

Therefore, the margin for the year is 30%.

What are the assets?

An asset is a resource that is owned or controlled by an individual, company, or organization that has economic value and is expected to generate future benefits. Assets can be both tangible and intangible. Tangible assets are physical objects that can be seen and touched, such as buildings, equipment, inventory, and cash. Intangible assets, on the other hand, are non-physical items that do not have a physical presence but still have value, such as intellectual property, brand names, patents, trademarks, and copyrights.

Assets are recorded on a company's balance sheet and are typically classified as current assets, such as cash or inventory that can be converted to cash within one year, or long-term assets, such as buildings or equipment that will provide future economic benefits over a period of several years.

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Which statement below is true of phrases? 1. point(s) possible OA. They can stand alone because they have subjects OB. They cannot be connected to other phrases. and verbs. پر OC. They cannot stand alone because they are missing D. They can stand alone because they are comple a subject, a verb, or both. sentences.​

Answers

The correct statement about phrases is that they cannot stand alone because they are missing a subject, a verb, or both. Therefore, the correct answer is C.

A phrase is a group of related words that function together in a sentence. However, unlike a sentence, a phrase does not express a complete thought and cannot stand alone as a sentence. Phrases lack a subject, a verb, or both, and therefore, they are dependent on other elements in the sentence to make sense.

For instance, "in the morning" is a phrase, but it cannot stand alone as a sentence because it lacks a verb. However, it can be used in a sentence such as "In the morning, I like to drink coffee."

Hence, phrases are important elements of sentences, but they cannot stand alone because they are incomplete and missing essential components such as a subject or a verb.

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You're a web developer for an online furniture retailer, and you've been having a debate with your boss, the marketing director. She's rejecting your proposal to invite customers' product ratings and reviews on the website because she's concerned that negative comments might discourage sales. You argue that customer feedback would enhance the ________ aspect of your customers' shopping experience.

Answers

Answer:

it will enhance the business aspect

Which of the following would be included in a property management report?a) Delinquent Tenant Reportb) Tenant Screening Reportsc) Schedule E Reportd) ACH Settlemente) Vendor Ledgerf) Rent Roll

Answers

Answer:

Rent roll ( F )

Explanation:

In most case none of the options mentioned above is included in a property management report prepared for the owner of a property by the property management company unless the property is been managed by a private landlord directly.

A rent roll is sometimes been provided in the property management report because it provides vital information to the property owner should in case he wants to sell off his property. otherwise all reports are mostly handled by the management company.

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2. How could a business demonstrate its core value of treating all employees well?

Answers

Answer:

Share your vision with them. Let employees know our plans for your company and your products and services. ...

Keep them in the loop. ...

Involve them in the launch of new products. ...

Reward them for building relationships with customers.

Explanation:

Answer:

1. Share your vision with them.

Let employees know our plans for your company and your products and services. Keep them informed of your values and goals so that they can be your advocate. Two Men and a Truck is a company that makes it a point to instill its core values so that employees can live them out in their daily lives and at work. Two of my favorite such core values are: The Grandma Rule and Give Back to the Community. Two Men and a Truck features its employees living out their core values on its blog, and the employees share those values with customers, neighbors and friends.

2. Keep them in the loop.

Don’t keep secrets from your employees -- tell them everything you know that they need to know to help you run your business. Even though it’s a privately held company, Rhino Foods regularly shares its financial information with employees so that they can help keep the business profitable. Employees know that they have the ability to impact the bottom line of the company, which also impacts their paychecks. This helps everyone in the long run.

Related: Richard Branson on Why Making Employees Happy Pays Off

3. Involve them in the launch of new products.

When Lenovo introduced its new Yoga tablet in fall 2013, the company's internal communications team decided to engage employees in the introduction of this new product launch; the decision was announced on the company intranet, Lenovo Central. Employees could win a Yoga tablet by posting their own yoga poses there. The poses with the most “likes” also won their practitioners a new tablet. This was a great example of engaging employees in a new product and brand early, then rewarding them with that product so they become brand ambassadors once the product hits the market.

4. Reward them for building relationships with customers.

Instead of providing commissions for employees to sell something a customer may not need, why not encourage the building of a relationship with that customer, accompanied by rewards for creating and maintaining customer loyalty?

I have not yet heard of a company that rewards employees for truly building and maintaining customer relationships. So, if you have, please share that information in the comment section below. But I believe such a move could become a powerful vehicle for employees to understand and harness their "inner brand ambassador" if they understand and are rewarded for such relationship-building with customers.

The Chartered Financial Analyst (CFA) designation is fast becoming a requirement for serious investment professionals. Although it requires a successful completion of three levels of grueling exams, the designation often results in a promising career with a lucrative salary. A student of finance is curious about the average salary of a CFA charterholder. He takes a random sample of 36 recent charterholders and computes a mean salary of $162,000 with a standard deviation of $36,000. Use this sample information to determine the 90% confidence interval for the average salary of a CFA charterholder.

Answers

The confidence interval for the average salary of a CFA charter holder : ( 1,49,820, 1,74,180)

We assume that the salary of CFA charterholders is typically distributed.

Let the salary of CFA charter holders be = x

ATQ

n = 36 and x = 1,62,000

Degree of freedom :

df = 35    [ df= n-1]

s=  $36,000

Significance level :

a = 1 - 0.95

= 0.05

Using the t-distribution table,

Ta/2, df = t(0.025), 35

= 2.030

95% confidence interval for the average salary of a CFA charterholders

1,62,000 + (2.030). 36000/√36

= 1,62,000 +- 12180

= ( 1,62,000 - 12180,  1,62,000 + 12180)

= ( 1,49,820, 1,74,180)

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