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Profit Sharing Ratio of Partners J:K:L = 6:9:5 (their investment ratio) Let the total profit be = 100 J Share of profit = 30% of 100 + 6/20 of (70% of 100)                 = 30 + 6/20 × 70 = 51 K and L share of Profit = (100 – J’s Share) = 100 – 51 = 49 Difference (51 - 49) = Rs 400 2 unit = 400 100 unit = 20000 Therefore total profit earned = Rs. 20000 Calculation of each partners share of profit J’s 30% profit = 20000 × 30% = 6000 Remaining 14000 (20000-6000) will be distributed among all the partners In their respective investment ratio J’s Share = 6000 + 6/20 of 14000 = 10,200 K’s Share = 9/20 of 14000 = 6,300 L’s Share = 5/20 of 14000 = 3,500
To estimate the average work experience of MBA students at a management institute, five students are selected at random from each type of background, s...
Following two statements are related to regression coefficient
(I) Independent of the change of origin
(II) Independent of the change of scale
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The second and fourth moment about mean for a distribution are 4 and 18 respectively. What is the value of Pearson's coefficient of skewness β ₂ ? ...
Which of the following is an example of using a sample to make inference about a population?
For two items, tea (1 kg) and sugar (1 kg), the prices in the year 2019 were ₹100 and ₹50, respectively, whereas the prices in the year 2020 were â...
For the distribution
X:Â Â Â Â Â Â Â Â Â Â Â 1Â Â Â Â Â Â Â Â Â Â Â Â Â 0Â Â Â Â Â Â Â Â Â Â Â Â Â 1
P(x):Â Â Â Â Â 0.3Â Â Â Â Â Â ...
If Z follows standard normal distribution with mean 0 and variance 1, then Z2 follows:
For the variables X and Y, we collect 4 observations with ∑ X = 10,∑ Y = 14,∑ X2 = 30,∑ Y2 = 54,∑ XY = 31 The regressio...
Which one is parameter from population?