User Account

All Pages

Problem regarding critical value

Assignment Help Accounting Basics
Reference no: EM13122839

Cake manufacturer Little Diva's wants to increase the shelf life of its easy-to-fix cupcake mixes. Company's records indicate that the average shelf life of the mix is 230 days. A new, improved cupcake mix was developed and a sample of 10 boxes of the cupcake mix had these shelf lives (in days): 231, 233, 232, 233, 228, 231, 234, 229, 235, and 232. If the standard deviation was .67 and at the 0.025 significant level, has the shelf life of the cupcake mix increased?

A. Yes, because computed t is greater than the critical value.

B. Yes, because computed t is less than the critical value.

C. No, because 231.8 is quite close to 230.

D. No, because computed t lies in the region of acceptance.

Reference no: EM13122839

Questions Cloud

Find minimum sample size required to estimate population : Use the given date to find the minimum sample size required to estimate a population proportion and populat mean. Margin of error: 0.004, confidence level, 90%, sample proportion (p) : = 0.45
Suitable game : Lesson topic: revise vocabulary of animals (bear, dog, fox, crocodile,etc) at the end of a week. Choose a suitable game to do that and plan a 30-min lesson based around the game.  Level: Beginner
Suitable game : Lesson topic: revise vocabulary of animals (bear, dog, fox, crocodile,etc) at the end of a week. Choose a suitable game to do that and plan a 30-min lesson based around the game.  Level: Beginner
What is the mole percent o2 in the mixture : A gaseous mixture of O2 and Kr has a density of 1.192 g/L at 305 torr and 300. K. What is the mole percent O2 in the mixture
Problem regarding critical value : If the standard deviation was .67 and at the 0.025 significant level, has the shelf life of the cupcake mix increased?A. Yes, because computed t is greater than the critical value.
What mass of na2so4 is needed : what mass of Na2SO4 is needed to prepare 350. ml of a solution having a sodium ion concentration of 0.125 M.
Parametric equations for tangent line : The plane y + z = 3 intersects the cylinder x^2 + y^2 = 5 in an ellipse. Find the parametric equations for the tangent line to this ellipse at the point (1,2,1)
How insurance company developed a new payment system : Suppose that the insurance company developed a new payment system in an effort to increase this percentage. A sample of 200 claims processed under this system revealed.
What is the mole fraction of the solute : .20g of methyl alcohol, CH3OH, are dissolved in 16.8g of water, H2O. What is the mole fraction of the solute.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Record the transactions on page 8 of a general journal

Record the transactions on page 8 of a general journal. You can Omit descriptions. You can use any General Journal template or the one attached.

  Major expected costs-benefits for globalized businesses

With the globalization of corporate business and cross border security listings, the need for a common set of accounting standards to be applied worldwide emerged to the surface. Both the IASB and the FASB have taken steps towards this goal.

  Information regarding break-even point

Scott Company's variable expenses are 72% of sales. The company's break-even point in dollar sales is $2,450,000. If sales are $60,000 below the break-even point, the company would report a:

  Preferred shareholders-common stockholders

What amount of dividends must the company pay the preferred shareholders in 2009 if they wish to pay the common stockholders a dividend?

  Creating a new balance sheet

Assume that a bank faces a balance sheet illustrated below, and the required reserve ratio is 20 percent.

  Calculating tax liability-marginal rate

Williams Inc reports total net income of $130,000 during 2012. This includes $10,000 of income from 5.5% Orange County municipal bonds. Thus the Corporation's taxable income is equal to $120,000.

  Market values and book values

Building an Income Statement, During the year, the Senbet Discount Tire Company had gross sales of $1.06 million. The firm's cost of goods sold and selling expenses were $525,000 and $215,000, respectively. Senbet alo had note payable of $800,000...

  How should clyde treat payment on his tax return

This is a tax research problem - Clyde had work for many years as the chief executive of Red Industries, and had also been a major shareholder. Clyde and the company had a falling out, and Clyde was terminated.

  Production-volume variance

Using the above data, fill in the following blanks with the variance amounts. Use F for favorable or U for unfavorable for each variance. Total Overhead Variable Fixed, 1. Spending variance , 2. Efficiency variance ?, 3. Production-volume variance ?,..

  External financial reporting

If Rushia Company determines that the fair value of the investment is now $3,900,000 and is using U.S. GAAP for its external financial reporting, which of the following is true?

  What adjusting journal entry must be made to recognize

Rey uses the method prescribed in Part 1b, what adjusting journal entry must be made to recognize bad debts expense on June 30, 2012? (Round your intermediate calculation to the nearest dollar amount. Omit the "tiny_mce_markerquot; sign in your re..

  Determining capital gains on stock

What is the expected capital gains yield of FPL stock? (The total return (the expected rate of return) is equal to dividend yield plus capital gains (loss) yield. You may apply CAPM to find the expected return on FPL stock.)

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd