Economists at General Industries have been examining operating costs at one of its parts manufacturing plants in an effort to determine whether the plant is being operated efficiently. From weekly cost records, the economists developed the following cost-output information concerning the operation of the plant:

a. AVC (average variable cost) at an output of 2,000 units per week is $7.50.
b. At an output level of 5,000 units per week, AFC (average fixed cost) is $3.
c. TC (total cost) increases by $5,000 when output is increased from 2,000 to 3,000 units per week.
d. TVC (total variable cost) at an output level of 4,000 units per week is $23,000.
e. AVC (average variable cost) decreases by $0.75 per unit when output is increased from 4,000 to 5,000 units per week.
f. AFC plus AVC for 8,000 units per week is $7.50 per unit.
g. ATC (average total cost) decreases by $0.50 per unit when output is decreased from 8,000 to 7,000 units per week.
h. TVC increases by $3,000 when output is increased from 5,000 to 6,000 units per week.
i. TC decreases by $7,000 when output is decreased from 2,000 to 1,000 units per week.
j. MC (marginal cost) is $16 per unit when output is increased from 8,000 to 9,000 units per week.

Given the preceding information, complete the following cost schedule for the plant. (Hint: Proceed sequentially through the list, filing in all the related entries before proceeding to the next item of information in the list.)

... ANOVA Source of Variation SS df MS F P-value F crit ... Here Calculated value of F ( 7.359) is grater than critical value 3.35 and hence we reject the null ...

... The p-value measures consistency by calculating the probability of ... The calculated values are highlighted in yellow ... The missing predicted values are obtained by ...

... Here is calculating the standard deviation using ... Alternatively we can calculate the covariance between the ... σ12 = 21.2180 σ2= 9.23073 (calculated in question ...

... Conclusion Conclusion : Here Calculated value of F ( 1.7430) is less than critical value 5.488 and ... 162 160 ANOVA 146 136 Source of Variation SS df MS F 165 ...

... replaced in equation 3), the equation for calculating I is ... Δt = 62.5 V. Hence, Δt can be calculated as Δt ... field of flux density 0.6 T, calculate the current ...

... 4. For the following data, calculate the Pearson Correlation ... ANOVA Source of Variation SS df MS F P-value F ... The calculated value of F is less than critical value...

... Annuities: Time Value of Money: Calculate prevent value... Solution uses calculator, not excel. ... Second question shows how to calculate the expected value of return ...

... The missing boxes can be classified as. ... Rejection criteria: Reject the null hypothesis, if the calculated value of χ 2 is greater than the critical value of ...

... Source df SS MS Regression 3 1,196,410 398,803 Error 26 379,332 14,590 Total 29 ... (a) Calculate the t ... for β = 0. (b) Look up the critical value of Student's ...

... r= -0.8438 0.711998 or 71% df MS F 1 404.86 ... Step 3. Calculate the standard error of the difference between ... Since the calculated t ( -1.19) does not exceed the ...