The credit department of Lion’s Department Store in Anaheim, California, reported that 30% of their sales...
The credit department of Lion’s Department Store in Anaheim, California, reported that 30% of their sales are cash, 20% are paid with a credit card, and 50% with a debit card. Twenty percent of the cash purchases, 86% of the credit card purchases, and 53% of the debit card purchases are for more than $50. Ms. Tina Stevens just purchased a new dress that cost $120. What is the probability that she paid cash? (Round your answer to 3 decimal places.)
Homework Answers
This problem is of posterior probability which is calculated by using Bayes method.
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The credit department of Lion’s Department Store in Anaheim,
California, reported that 30% of their sales...
The credit department of Lion’s Department Store in Anaheim, California, reported that 27% of their sales...
The credit department of Lion’s Department Store in Anaheim, California, reported that 27% of their sales are cash, 26% are paid with a credit card, and 47% with a debit card. Twenty percent of the cash purchases, 81% of the credit card purchases, and 63% of the debit card purchases are for more than $50. Ms. Tina Stevens just purchased a new dress that cost $120. What is the probability that she paid cash? (Round your answer to 3 decimal...
The credit department of Lion’s Department Store in Anaheim, California, reported that 24% of their sales...
The credit department of Lion’s Department Store in Anaheim, California, reported that 24% of their sales are cash, 22% are paid with a credit card, and 54% with a debit card. Twenty percent of the cash purchases, 85% of the credit card purchases, and 70% of the debit card purchases are for more than $50. Ms. Tina Stevens just purchased a new dress that cost $120. What is the probability that she paid cash? (Round your answer to 3 decimal...
Before the Christmas shopping rush began, a department store had noted that the percentage of customers...
Before the Christmas shopping rush began, a department store had noted that the percentage of customers who use a major credit card, the percentage who use the store’s credit card, the percentage who pay by debit card, and the percentage who pay with cash are all the same, 25% for each. During the Christmas season, in a sample of 200 shoppers, 68 used a major credit card, 42 used the store’s credit card, 45 paid with cash, and 45 paid...
Dollar Plus Store is a local discount store with the following information: OctoberOctober sales are projected...
Dollar Plus Store is a local discount store with the following
information:
OctoberOctober
sales are projected to be
$ 400 comma 000$400,000.
times•
Sales are projected to increase by
1010%
in
NovemberNovember
and another
2020%
in
DecemberDecember
and then return to the
OctoberOctober
level in
JanuaryJanuary.
times•
2525%
of sales are made in cash while the remaining
7575%
are paid by credit or debit cards. The credit card companies and
banks (debit card issuers) charge a
22%
transaction fee, and...
write the steps clearly how to solve these qustions please. thank u. Version 3 Questions 1...
write the steps clearly how to solve these qustions please.
thank u.
Version 3 Questions 1 - 2 A department store analyzed its recent sales and determined the relationship between the way the custom paid for the item and the price category of the item. Cash Credit card Debit card Less than $20 16 20 5 $20 - $100 19 19 7 More than $100 6 5 3 Q01 Find the probability of items purchased by cash or debit card...
this is the question unable to figure out?? Brandlin Company of Anaheim, California, purchases materials from...
this is the question unable to figure out??
Brandlin Company of Anaheim, California, purchases materials from a foreign supplier on December 1, 2017 with payment of 17.000 korunas to be made on March 1, 2018. The materials are consumed immediately and recognized as cost of goods sold at the date of purchase. On December 1, 2017 Brandlin-enters into a forward contract to purchase 17.000 korunas on March 1, 2018. Relevant exchange rates for the koruna on various dates are as...
Developing a Master Budget for a Merchandising Organization Dils Brother Department Store prepares budgets quarterly. The...
Developing a Master Budget for a Merchandising Organization Dils Brother Department Store prepares budgets quarterly. The following information is available for use in planning the second quarter budgets for 2017. Dils Brother Department Store Balance Sheet March 31, 2017 Assets Liabilities and Stockholders' Equity Cash $ 4,000 Accounts payable $31,000 Accounts receivable 31,000 Dividends payable 15,000 Inventory 36,000 Rent payable 3,000 Prepaid Insurance 3,000 Stockholders' equity 50,000 Fixtures 25,000 Total assets $99,000 Total liabilities...
Developing a Master Budget for a Merchandising Organization Dils Brother Department Store prepares budgets quarterly. The...
Developing a Master Budget for a Merchandising Organization Dils Brother Department Store prepares budgets quarterly. The following information is available for use in planning the second quarter budgets for 2017. Dils Brother Department Store Balance Sheet March 31, 2017 Assets Liabilities and Stockholders' Equity Cash $ 4,000 Accounts payable $31,000 Accounts receivable 31,000 Dividends payable 15,000 Inventory 36,000 Rent payable 3,000 Prepaid Insurance 3,000 Stockholders' equity 50,000 Fixtures 25,000 Total assets $99,000 Total liabilities and equity $99,000 Actual and forecasted...
Brandlin Company of Anaheim, California, purchases materials from a foreign supplier on December 1, 2017, with...
Brandlin Company of Anaheim, California, purchases materials
from a foreign supplier on December 1, 2017, with payment of 16,000
korunas to be made on March 1, 2018. The materials are consumed
immediately and recognized as cost of goods sold at the date of
purchase. On December 1, 2017, Brandlin enters into a forward
contract to purchase 16,000 korunas on March 1, 2018. Relevant
exchange rates for the koruna on various dates are as follows:
Date
Spot Rate
Forward Rate
(to...
Dollar Plus Store is a local discount store with the following
information:
OctoberOctober
sales are projected to be
$ 400 comma 000$400,000.
times•
Sales are projected to increase by
1010%
in
NovemberNovember
and another
2020%
in
DecemberDecember
and then return to the
OctoberOctober
level in
JanuaryJanuary.
times•
2525%
of sales are made in cash while the remaining
7575%
are paid by credit or debit cards. The credit card companies and
banks (debit card issuers) charge a
22%
transaction fee, and...
write the steps clearly how to solve these qustions please.
thank u.
Version 3 Questions 1 - 2 A department store analyzed its recent sales and determined the relationship between the way the custom paid for the item and the price category of the item. Cash Credit card Debit card Less than $20 16 20 5 $20 - $100 19 19 7 More than $100 6 5 3 Q01 Find the probability of items purchased by cash or debit card...
this is the question unable to figure out??
Brandlin Company of Anaheim, California, purchases materials from a foreign supplier on December 1, 2017 with payment of 17.000 korunas to be made on March 1, 2018. The materials are consumed immediately and recognized as cost of goods sold at the date of purchase. On December 1, 2017 Brandlin-enters into a forward contract to purchase 17.000 korunas on March 1, 2018. Relevant exchange rates for the koruna on various dates are as...
Developing a Master Budget for a Merchandising Organization Dils Brother Department Store prepares budgets quarterly. The following information is available for use in planning the second quarter budgets for 2017. Dils Brother Department Store Balance Sheet March 31, 2017 Assets Liabilities and Stockholders' Equity Cash $ 4,000 Accounts payable $31,000 Accounts receivable 31,000 Dividends payable 15,000 Inventory 36,000 Rent payable 3,000 Prepaid Insurance 3,000 Stockholders' equity 50,000 Fixtures 25,000 Total assets $99,000 Total liabilities and equity $99,000 Actual and forecasted...
Brandlin Company of Anaheim, California, purchases materials
from a foreign supplier on December 1, 2017, with payment of 16,000
korunas to be made on March 1, 2018. The materials are consumed
immediately and recognized as cost of goods sold at the date of
purchase. On December 1, 2017, Brandlin enters into a forward
contract to purchase 16,000 korunas on March 1, 2018. Relevant
exchange rates for the koruna on various dates are as follows:
Date
Spot Rate
Forward Rate
(to...
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