Various cost definition
Describe the various terms dealing with costs(direct,indirect,sunk,fixed,variable.etc).
Describe the various terms dealing with costs(direct,indirect,sunk,fixed,variable.etc).
1) In research we often rely on the 68-95-99.7 rule. Discuss how this can be applied to make statements about the number of data values below 1, 2, or 3 standard deviations from the mean. Give an example of application of this rule. 2) In a research study, what does statistically significant mean? How are decisions made on d
A comparison between products manufactured in China VS Mexico and their perceived quality to the US consumer based on manufacturing location. We can state that 75% of American's perceive that a product (non-electronic) manufactured in Mexico is of better quality than a product manufactured in China. To do the testing we just ask
Fairfield Homes is developing two parcels near Pigeon Fork, Tennessee. In order to test different advertising approaches, they use different media to reach potential buyers. The mean annual family income for 75 people making inquiries at the first development is $150,000, with a standard deviation of $40,000. A corresponding sam
A consumer products testing group is evaluating two competing brands of tires, Brand 1 and Brand 2. Tread wear can vary considerably depending on the type of car, and the group is trying to eliminate this effect by installing the two brands on the same random sample of 8 cars. In particular, each car has one tire of each brand o
For the following statement, write the null hypothesis and the alternative hypothesis. Then, label the one that is the claim being made. The dean of a major university claims that the mean time required to earn a master's degree is 3.4 years.
A census is a ________________ of an entire population A restaurant claims that its speed of service time is less than 18 minutes. A random selection of 36 service times was collected, and their mean was calculated to be 17.7 minutes. Their standard deviation is 3.1 minutes. Is there enough evidence to support the claim at al
1) Define what a hypothesis is and discuss the relationship between hypothesis testing and statistics. 2) List the five steps required to test a hypothesis of the mean. Be sure that all steps are in the correct sequence. Explain why the fifth step is the most important. 3) Discuss what independent and dependent variables
1. A processor of carrots cuts the green top off each carrot, washes the carrots, and inserts six to a package. Twenty packages are inserted in a box for shipment. To test the weight of the boxes, a few were checked. The mean weigh was 20.4 pounds, the standard deviation 0.5 pounds. How many boxes the processor sample
A bus company claims that the mean waiting time for a bus during rush hour in less than 7 minutes. A random sample of 20 waiting times has a mean of 5.2 minutes with a standard deviation of 2.1 minutes. At a= 0.01, test the bus companies claim. Assume the distribution is normally distributed. Include curve. Write conclusion
A manufacturer receives an order for light bulbs. The order requires the bulbs have a mean life span of 750 hours. The manufacturer selects a random sample of 25 light bulbs and find they have a mean life of 745 hours with a standard deviation of 15 hours. Test to see if the manufacturer is making acceptable light bulbs. Ass
1. The MacBurger restaurant chain claims that the waiting time of customers for service is normally distributed, with a mean of 3 minutes and a standard deviation of 1 minute. The quality-assurance department found a sample of 50 customers at the Warren Road MacBurger that the mean waiting time was 2.75 minutes. At the .05
A coin tossed 100 times and 530 heads appear. At a=0.05, test the claim that this is a non biased coin. Use a P-Value. Does this suggest the coin is fair? Show all of your work including curve and make your conclusion in verbiage a layman can understand.
The engineering school at a major university claims that 20% of its graduates are women. In graduating class of 210 students, 58 were women. Does this suggest that the school is believable? Use a= 0.05. Show all of your work, including curve, and make your language a layman can understand
A trucking firm suspects that the mean lifetime of a certain tire it uses is less than 35000 miles. To check the claim the firm randomly selects and test 54 of these tires and gets a mean lifetime of 34,570 with a standard deviation of 1200 miles. At a=0.05, test the trucking firms claim. Show all of your work, including the
Please see the small data attached. I need analysis showing following. 1) Mean calculation and T test calculation based on the data. I want ALL the steps on how you got the answers please. 2) 2 graphs made by excel showing comparison of mean between the control and unibrow group. and the other needs to show the rejec
The contingency table below shows the results of a random sample of 200 state representatives that was conducted to see whether their opinions on a bill are related to their party affiliation Party Approve Disapprove No Opinion Republican 42 20 14 Democrat 50 24 18 Independent 10
A medical researcher suspects that the pulse rate of smokers is higher than the pulse of non smokers. Use the sample statistics below to test the researchers suspicion. State your hypothesis, draw your curve, label your critical values and your test statistic, state your decision to accept or reject. Write your conclusion in
In a survey of 500 doctors that practice specialized medicine, 20% felt that the government should control health care. In a sample of 800 doctors that were general practitioners, 30% felt the government should control health care. Test the claim that there is a difference in the proportions. State your hypothesis draw your c
Assume that the data has a normal distribution and the number of observations is greater than fifty. Find the critical z value used to test the null hypothesis. =0.05 for a left-tailed test. -1.645 1.96 1.645 -1.96 Use the given information to find the P-value. The test statisti
A supplier of 3.5" disks clams that only 1% of the disks are defective. In a random sample of 600 disks, it is found that 3% are defective, but the supplier claims that this is simply a sample fluctuation. At the 0.01 level of significance, test the supplier's claim that 1% are defective. True or false: There is not sufficie
1. A P-value of 0.74 provides essentially no evidence against the null hypothesis. Is this true?
1. In 2002, approximately 177,000 tax returns were sampled to obtain estimates of various parameters. The mean income tax per return for the returns sampled was $9401. If, in reality, the population mean income tax per return in 2001 was $9489, 88 sampling error was made in estimating that parameter by the sample mean of $9401.
Hugger Polls contends that an agent conducts 53 in-depth home surveys every week. A streamlined survey form has been introduced, and Hugger wants to evaluate its effectiveness. The number of in-depth surveys conducted during a week by a random sample of agents are: 53, 57, 50,
A study was conducted of the annual incomes of beginning probation officers in metropolitan areas of less than 100,000 population and in metropolitan areas having more than 500,000 population. Some sample statistics: Population less Population more
Using AIU's large database of survey responses from the AIU data set, complete the following: Perform hypothesis testing on one variable's data. (Choose either the intrinsic or extrinsic column.) Perform a t-test by formulating a null and an alternative statement, choosing an acceptable significance value, selecting the test
We have two different samples - consisting of bags of M&M's. The first sample consists of 5 bags of M&M's with the following number of blue pieces in each bag 10, 11, 9,10,10. Calculate: A. The mean B. The standard deviation C. The variance The second sample consists of 10 bags with an average number of blue
Gun Violence. The Harris Poll asked a sample of 1009 adults which causes of death they thought would become more common in the future. Gun violence topped the list; 706 members of the sample thought deaths from guns would increase. Although the samples in national polls are not SRSs, they are similar enough that our method gi
The heights and shoe sizes of the starting lineup of a tournament baseball team are listed below. Use a calculator to determine the correlation coefficient. Using a significance level of α=0.05, determine if there is a significant linear correlation between the heights and shoe sizes of the baseball team. Height
Use the hypothesis testing method to determine if a linear correlation exists for each set of data. (use alpha = 0.5). a. r = 0.875 and n = 8 b. r = -0.470 and n = 13