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Descriptive Statistics

Making the Part of Accepting the Offer to Buy

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

Descriptive and Probability Distribution: Insurance premiums

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

Northeast Florida's crushed lime rock shipping requirements

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

Contingency Table for Two Rates and Two Categories

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

Measures of Central Tendency

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

Descriptive statistics: Number of Coupons

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

Prepare cost of goods manufactured; cost of goods sold

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

Perkins Manufacturing: Calculate capital gains tax on sale of assets

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

Bally Gears: Marginal analysis and the goal of the firm

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

Decision Analysis

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

Strategic alignment model

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: Gantt Chart using Johnson's Rule

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 hypothesis: difference in this year's moving violation distribution

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

Red Rose Club: Calculate Break Even Point in sales

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

18 Problems in Statistics

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.

Is the data nominal ratio, interval, ordinal

(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

Supply Chain Management and Reorder Points

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

Survey Design and Describing Data

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

Cross tabulations using minitab

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