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Hamburger Joe's sells the best burgers in town. The variable unit cost for making one burger is $.97. The fixed cost of making burgers for 12 months will be a total of: $140,000. Remember, fixed costs cover things like your rent, your phone bill, and insurance coverage - these items tend not to vary in amount per month over the term of one year.
If you charge $1.99 for your burger, how many burgers will you have to sell before you make back your total cost?
Confirm that these statements are accurate by finding the geometric mean rate of increase.
Basic Statistics problem
Using the high-low method, calculate the total fixed factory overhead cost and the variable factory overhead cost per direct labor hour.
Based on this information, confidence level would be 90% that population mean is somewhere between?
Find a 99% confidence interval for the mean pH in rainfall and interpret the interval and what assumption must be made for the confidence interval to be valid?
In your environment (business or personal), please give an application of exponential smoothing and why you would use this technique.
The average price of a personal computer is 949 assuming that the prices are normally distributed with a standard deviation of 100 what is the price that corresponds to the least expensive 10%.
To test whether the significant difference between two proportion test using large sample test.
This problem has to do with graphical plotting and computation for certain distribution. Please mention a detailed response to the questions listed with appropriate graphical and statistical data representation(s).
Perform a study to compare the characteristics of patients discharged against medical advice from the institution
By using a level of significance of .10, is there evidence that the population mean weight of the candy bars is greater than 4.3?
Use this information to compute a 95% confidence interval for average number of credit cards carried by students.
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