Problem regarding the maintenance and calibration

Assignment Help Accounting Basics
Reference no: EM13975535

Following maintenance and calibration, an extrusion machine produces aluminum tubing with a mean outside diameter of 2.500 inches, with a standard deviation of 0.027 inches. As the machine functions over an extended number of work shifts, the standard deviation remains unchanged, but the combination of accumulated deposits and mechanical wear causes the mean diameter to "drift" away from the desired 2.500 inches. For a recent random sample of 34 tubes, the mean diameter was 2.509 inches. At the 0.01 level of significance, does the machine appear to be in need of maintenance and calibration? Determine and interpret the p-value for the test.

Reference no: EM13975535

Questions Cloud

Consumer relations representative : The students are surprised when they weigh the contents of their four pack- ages and find the average weight to be only 11.5 ounces. When they write to the company, its consumer relations representative explains that "the contents of the ‘12- ounc..
Consumer relations representative : The students are surprised when they weigh the contents of their four pack- ages and find the average weight to be only 11.5 ounces. When they write to the company, its consumer relations representative explains that "the contents of the ‘12- ounc..
Determine the value of a terminal velocity : The rail has no electric resistance and does not move. A slide wire with mass m and resistance R can slide up and down without friction while maintaining electrical contact with the rail. The slide wire is released from rest. Show that the slide w..
Explain how the laws of supply and demand are illustrated : Using Microsoft (MS) Excel, construct a graph showing supply and demand in the E-Book market based on the data above. (Save this file because you will re-work it later in the assignment.) When finished, copy and paste or import your graph into an ..
Problem regarding the maintenance and calibration : For a recent random sample of 34 tubes, the mean diameter was 2.509 inches. At the 0.01 level of significance, does the machine appear to be in need of maintenance and calibration? Determine and interpret the p-value for the test.
Performance management at vitality health enterprises : Brief Cases- SG Cowen: New Recruits and Performance Management at Vitality Health Enterprises, Inc
Determine and interpret the p-value for the test : In a one-tail test at the 0.05 level of significance, does this recent experience suggest a decline in spending? Determine and interpret the p-value for the test.
Determine and interpret the p-value for the test : 1. For a sample of 35 items from a population for which the standard deviation is C 5 20.5, the sample mean is 458.0. At the 0.05 level of significance, test H0: µ 5 450 versus H1: µ =! 450. Determine and interpret the p-value for the test.
Predict what would have occurred : Predict what would have occurred had the monopoly succeeded.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Market value of an investment in debt securities

When the market value of an investment in debt securities exceeds its carrying amount, how should the asset be reported at the end of the year for each of the following?

  Checking accounts in the banking system

The maximum amount by which this commercial banking system can expand the supply of money by lending is? 2. If there is a deposit of $20 billion of new currency into checking accounts in the banking system , excess reserves will increase by?

  Unethical practices and behavior in accounting

Identify situations that might lead to unethical practices and behavior in accounting. Do you think the Sarbanes-Oxley Act has made a difference in the ethical behavior of companies regarding their financial accounting? Why or why not?

  Siegel corporation manufactures a product that is available

siegel corporation manufactures a product that is available in both a deluxe and a regular model. the company has made

  Common stock in settlement for legal services

A corporation was organized in January 2004 with authorized capital of $10 par value common stock. On February 1, 2004, shares were issued at par for cash. On March 1, 2004, the corporation's attorney accepted 7,000 shares of common stock in settl..

  The matsui lubricants plant uses the fifo method to account

the matsui lubricants plant uses the fifo method to account for its work-in-process inventories. the accounting records

  How much of the cost should be allocated

A company produces two joint products (called 101 and 202) in a single operation that uses one raw material called Casko. How much of the $800 cost should be allocated to each product, assuming that the company allocates cost based on sales revenue

  Reduce goal incongruence

What is goal incongruence? How can using the metric "return on investment" for performance evaluation lead to goal incongruence?

  How much of an increase in bad loans

Banks have receivables that are the result of investing activities rather than sale or trade. We call these signed documents notes receivable.

  Annual dollar advantage or disadvantage

Prepare an analysis showing the annual dollar advantage or disadvantage of accepting the outside supplier's offer.

  Assignment-capstone research project

Assume you are the partner in an accounting firm hired to perform the audit on a fortune 1000 company. Assume also that the initial public offering (IPO) of the company was approximately five (5) years ago and the company is concerned that, in les..

  Interest for the third year capitalization

The company has had over $300,000 in interest-bearing debt outstanding the third year, at a weighted average rate of 9 percent. How much interest for the third year is capitalized?

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!

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