The accounting at geico notices that the average claim might be larger than $1800, which was previously set as a true average claim amount. if the actual average is higher, the company wil be loosing money in the long run. they ran- domly select 45 claims, and calculate a sample mean of $1,920. suppose that the variance of claims is known to be equal to $1600. (a) set the significance level to α = 0.05 and use the hypothesis testing to check if the average claim is larger than $1800. (b) find the probability of type i error. (c) find the p-value corresponding to the given sample.

Each of the four independent situations below describes a sales-type lease in which annual lease payments of $12,500 are payable at the beginning of each year. each is a finance lease for the lessee. (fv of $1, pv of $1, fva of $1, pva of $1, fvad of $1 and pvad of $1) (use appropriate factor(s) from the tables provided.) situation 1 2 3 4 lease term (years) 3 3 3 3 asset’s useful life (years) 3 4 4 6 lessor’s implicit rate (known by lessee) 14 % 14 % 14 % 14 % residual value: guaranteed by lessee 0 $ 5,000 $ 2,500 0 unguaranteed 0 0 $ 2,500 $ 5,000 purchase option: after (years) none 2 3 3 exercise price n/a $ 7,500 $ 1,500 $ 3,500 reasonably certain? n/a no no yes

Select the correct answer. the word intestate means that a person has died with or without a will?

In each of the following cases, find the unknown variable. ignore taxes. (do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.) accounting unit price unit variable cost fixed costs depreciation break-even 20,500 $ 44 $ 24 $ 275,000 $ 133,500 44 4,400,000 940,000 8,000 75 320,000 80,000