Texas Company produces and sells 22,000 units of a single product. Costs associated with this level of production are as follows: Direct materials $15 Direct manufacturing labor 45 Variable
Bunny Company produces a part that is used in the manufacture of one of its products. The costs associated with the production of 11,000 units of this part are as follows: Direct materials $25,000 Direct labor 34,000 Variable factory overhead
Ohio Company provided the following information regarding its only product--ice skates. Direct materials used $300,000 Direct labor 80,000 Fixed ov
Provided an example of a research problem at any organization that would benefit from the use of either descriptive statistics or probability distribution statistics. How do insurance companies use descriptive statistics and probability distributions to project health and auto insurance premiums? In regards to age, why is there
Please show the solution using POM-QM software for Windows. Roads for your construction company currently have three construction jobs in Northeast Florida requiring crushed lime rock. Three pits are available to service the company's needs. The sources, destination, tonnage available and cost per tone of shipment are given
[See attached data file.] 1. Use descriptive statistics to summarize the data. Your descriptive statistics should include the following items with a short explanation of what each means: Mean Standard Error Median Mode Standard Deviation Sample Variance Kurtosis Skewness Range Minimum Maximum Sum
Let us consider the following data for two raters X and Y, two categories A and B and object 1 through 16 (n=16): (see attached file for data) (a) Construct the 2x2 contingency table for the two raters and two categories. (b) Find the point estimate of the agreement between the two raters. (c) Construct the 95% confide
For my personal study guide. Refer to the enclosed chart which represents 10 days and the number of questions asked in the AM and PM on Day 1 through Day 10. Given the data answer the following: 1. Calculate and report the mean, median, and mode of the data. 2. Now calculate the standard deviation of the data. For t
Statistics for Gulf Real Estate Properties: summarize variables, make confidence intervals, find sample sizes, and interpret results
Case 2: Gulf Real Estate Properties. Provide a Managerial Report that includes: * Appropriate descriptive statistics to summarize each of the three variables for the forty Gulf View condominiums * Appropriate descriptive statistics to summarize each of the three variables for the eighteen No-Gulf View condominiums * Co
The following data (X) represent the number of coupons used over a 6 month time period by a sample of 17 shoppers: 81, 68, 70, 100, 94, 47, 66, 70, 82, 110, 105, 60, 70, 66, 90, 78, 85 Use this sample of data to compute: the mean, the median, the mode, the range, the variance, the standard deviation, and the 90th percent
Messinger Manufacturing Company had the following account balances for the quarter ending March 31, unless otherwise noted: Work-in-process inventory (January 1) $ 140,400 Work-in-process inventory (March 31) $ 171,000 Finished goods inventory (January 1) 540,000 Finished goods inventory (March 31) 510,000 Direct
The Rams Company has provided the following information: Month Factory Overhead Labor Hours July $92,095 4,900 August 105,056 5,480 September 83,802 3,760 October 99,594
(For Questions 1, 2, 3, 4) We want to understand the weight distribution of lemons. You go to the supermarket and randomly select 29 lemons. Their weight, in ounces, is as follows: 1.6, 1.8, 1.3, 2.4, 1.7, 1.7, 1.8, 1.4, 1.4, 1.6, 1.4, 2.0, 2.2, 2.1, 1.1, 1.3, 2.6, 2.7, 1.3, 1.6, 1.7, 1.7, 1.4, 1.9, 1.5, 1.7, 1.6, 1.9, 1.9 1
Statistics: Frequency Distribution, Descriptive Statistics, Pie Chart, Bar Graph, Correlation Analysis, Normal Distribution, Z-Score and Probability
Please see attached file for data required. PC World provided ratings for 15 notebook PCs (PC World, February, 2000). The Performance Score is a measure of how fast a PC can run a mix of common business applications as compared to a baseline machine. For example, a PC with a performance score of 200 is twice as fast as the ba
Capital gains taxes: Perkins Manufacturing is considering the sale of two non-depreciable assets, X and Y. Asset X was purchased for $1,900 and will be sold today for $2,460. Asset Y was purchased for $40,000 and will be sold today for $49,600. The firm is subject to a 37% tax rate on capital gains. a. Calculate the amount o
Marginal analysis and the goal of the firm: Ken Allen, capital budgeting analyst for Bally Gears, Inc., has been asked to evaluate a proposal. The manager of the automotive division believes that replacing the robotics used on the heavy truck gear line will produce total benefits of $551,000 (in today's dollars) over the next 5
A manufacturer of designer jeans must decide whether to build a large factory or a small factory in a particular location. The profit per pair of jeans manufactured is estimated as $10. A small factory will incur an annual cost of $200,000, with a production capacity of 50,000 pairs of jeans per year. A large factory will incur
How might you apply descriptive statistics to a problem within a classroom setting?
Statistics: Random Sampling, Bar Charts and Pie Charts, Descriptive Statistics, and Linear Regression
Part 1: Random Sampling You will need to do a little problem solving and use Excel to generate random numbers to answer the exercises. You will need to randomly select 20 accounts. Use the guidelines provided below: You are generating a random number list to impartially (randomly) audit 20 of 74 different records.
Please see the following article: Henderson, J. C., & Venkatraman, N. (1993). Strategic alignment: Leveraging information technology for transforming organizations. IBM systems journal, 32(1), 4-16. Can the strategic alignment model in the Henderson & Venkatraman article address both the internal and external IT domains?
Penultimate Support Systems makes fairly good speaker and equipment support stands for music groups. The assembly process involves two operations: (1) fabrication, or cutting aluminum tubing to the correct lengths, and (2) assembly, with purchased fasteners and injection-molded plastic parts. Set-up time for assembly is negligib
AutoWrecks, Inc. sells auto insurance. AutoWrecks keeps close tabs on its customers' driving records, updating its rates according to the trends indicated by these records. AutoWrecks' records indicate that, in a "typical" year, roughly 70% of the company's customers do not commit a moving violation, 10% commit exactly one movin
S7.25 As a prospective owner of a club known as the Red Rose, you are interested in determining the volume of sales dollars necessary for the coming year to reach the break-even point. You have decided to break down the sales for the club into four categories, they are as follows: Category Estimated Sales Cost per unit Sale
1. a.11 10 8 4 6 7 11 6 11 7 b.13 23 15 13 18 13 15 14 20 20 18 17 20 13 i. Find the range, mean, variance, and standard deviation of the population data set. ii. Without calculating, which data set has the greatest sample standard deviation? Which has the least sample standard deviation? Explain your reasoning. iii.
(NAME OF SURVEY) To help get the public's opinion regarding containment efforts in the Gulf of Mexico, please complete this survey and return it to July 15th, 2010 . Section One Yes No Maybe Not Sure N/A Please select one answer for each question below: Is there an oil spill in the Gulf of Mexico? Did you know about
Terms and Definitions matching ___ Statistics ___ Discrete variable ___ Statistics ___ Continuous variable ___ Population ___ Qualitative data ___ Popu
You own a factory in China which makes hiking shoes and you are signing a contract with Hikee Shoe company to supply them with shoes that they will market every year in the U.S. Market. Because hiking shoe demand is highly seasonal, and also the models change every year, Hikee orders every model just once and you supply the whol
Hi, I hope you will be able to help me to understand what I'm not comprehending. Thanks much. What are some examples of descriptive statistics? Why are they used in research? How can you avoid bias when selecting samples for human services research? Text books I am using--- Rosnow, R. L., & Rosenthal, R. (2008). Beg
A quoting department for a custom publishing house can complete 4 quotes per day, and there are 20 quotes in various stages in the department. Applying Little's Law, the current lead time for a quote is how many days?
Prepare one way tabulations of all variables using minitab. In the menu line at the top of the screen click on Stat and drag the cursor to tables. Click on tally individual variables. select all the variables in the data set by marking their names in the dialog box and clicking select. Make sure at least count is marked u