The Number of Hours Spent Per Week on Household Chores

question 71

Short Answer

The number of hours spent per week on household chores by all adults has a mean of 28.1 hours and a standard deviation of 6.0 hours.The probability,rounded to four decimal places,that the mean number of hours spent per week on household chores by a sample of 53 adults will be more than 26.75 is:

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Definitions:

Capital Balances

This term refers to the amounts of money partners in a partnership have contributed or that represents their share of ownership.

Replacement Cost

The current cost of replacing an asset with a similar new asset in terms of capability and function.

Inventory

The total amount of goods and materials held by a company for the purpose of resale or production.

Partnership

is a legal form of business operation between two or more individuals who share management and profits.