Cash flow and profits are both crucial aspects of a business. Profit is the surplus revenue after deductingbusiness expenses. Cash flow is the total amount of cash moving in and out of your business. For abusiness to be successful in the long term, it needs to generate profits while also operating with positivecash flow. During the Covid-19 pandemic, however, of a random sample of 199 auditors, 104 indicatedsome measure of agreement with this statement: cash flow is more important to keep the businessoperating on a day-to-day basis.a) Investigate the claim that one-half of the members of this population would agree with thisstatement. Also, find and interpret the p-value of this test.b)Find the probability of accepting the claim with a 10%-level test if, in fact, 60% of all auditorsagree that cash flow is an important indicator to keep the business operating on a day-to-day basis.

Given information: x = 104 n = 199 p^=xn=104199=0.522613065≈0.5226 Note: As per guidelines we will…

Answered: Cash flow and profits are both crucial…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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