Tolerable negative error specified for nominal quantity

Assignment Help Financial Accounting
Reference no: EM13755590

Under the Weights and Measures (Packaged Goods) Regulations 1986, display of the text '330 ml e' on a bottle of beer with nominal content volume of 330 ml means that not more than 2.5% of bottles may be deficient in content volume by more than the tolerable negative error (TNE) specified for the nominal quantity (Trading Standards Net). The TNE for nominal volume of 330 ml is 3% of the nominal volume. A brewery has bottling machines which deliver amounts that are normally distributed with known standard deviation 6 ml and which are capable of filling bottles with nominal capacities of both 330 and 500 ml. Explain why, when filling 330 ml bottles, the brewery should aim to set up the filling process to operate with a mean of 332 ml (to the nearest ml). Following set-up for a run of 330 ml bottles, after a run of 500 ml bottles, a sample of 24 bottles was checked and found to have the content volumes stored in Beer. xls. Use hypothesis testing to investigate whether or not the machine has been set up correctly.

Reference no: EM13755590

Questions Cloud

An analysis was performed on gas mileage : An analysis was performed on gas mileage at a local automotive testing ground. The purpose of the study was to try and determine whether tire pressure, timing setting, type of oil, and/or type of gas had significant effects on gas mileage.
Health care financial terms worksheet : Understanding health care financial terms is a prerequisite for both academic and professional success. This assignment is intended to ensure you understand some of the basic terms used in this course.
What is the response variable : An analysis was performed on gas mileage at a local automotive testing ground. The purpose of the study was to try and determine whether tire pressure, timing setting, type of oil, and/or type of gas had significant effects on gas mileage. Timing set..
Companys cash flow problems : An accountant believes that a company’s cash flow problems are due to outstanding accounts receivable. She claims that 70% of the current accounts receivable are over 3 months old. A sample of 120 accounts receivable revealed 78 over 3 months old.
Tolerable negative error specified for nominal quantity : Under the Weights and Measures (Packaged Goods) Regulations 1986, display of the text '330 ml e' on a bottle of beer with nominal content volume of 330 ml means that not more than 2.5% of bottles may be deficient in content volume by more than the to..
Ethical aspects of symington action : 1. How should Symington have recorded this transaction? 2. Discuss the ethical aspects of Symington's action.
How will marcy deal with the resistance to this new policy : Situation: Marcy, the manager of the advertising department of a major retail outlet, has just announced that all employees working in the department are required to work on Saturdays. The employees are expected to work at least two Saturdays per mon..
Perform an affiniting analysis : OPERATAION MANAGEMENT, For the project you have selected for this class, do the following: Perform an Affiniting analysis, Do a Relationship Matrix for the Headers of the Affinity, Develop a tree diagram or a cause-effect diagram
Achievement of an organization strategic objectives : In 200 - 250 words, what is Human Resources planning? How does the HR planning process facilitate the achievement of an organization's strategic objectives? Use examples pulled from an organization with which you are familiar.

Reviews

Write a Review

 

Financial Accounting Questions & Answers

  How much of the must sherry include in income

Sherry just received her $15,000 payment for 2011. How much of the $15,000 must Sherry include in income?

  Beginning and ending accounts receivable balances

If net purchases are $200,000 and beginning and ending Accounts receivable balances are $15,000 and $20,000, respectively, cash paid for purchases is:

  Prepare current liability section of red banks balance sheet

Prepare journal entries to record the transactions and prepare adjusting entries on October 31 to record accrued interest.

  What is firm return on owners equity

Its owners' equity totaled $2,500,000. Based on these amounts, what is firm's return on owners' equity?

  Compute the eps amounts that taylort should report

Compute the EPS amounts that TaylorT should report for 20X2 and Dividends were declared and paid semi-annually, on 31 May and 30 November.

  Should joseph qualify opinion or demand in light

Joseph Josephs, CPA is auditing the Elder Company's current year's annual financial statements and notices that the Company has violated the 2.1 to 1.0 current ratio requirements as part of its debt agreement with the Sunshine Bank. The company's ..

  What amount of research and experimental expenses

What amount of research and experimental expenses for year 1, year 2, and year 3 may Bethany deduct if she elects to amortize the expenses over 60 months?

  Illustrate what interest rate would firm want to refinance

Illustrate at what interest rates would the firm want to refinance? If the dividend yield drops to 8 percent, how long will it take before the present value of the interest savings exceeds the cost of refinancing?

  Adjusting entries as of fiscal year

Annual depreciation on equipment is $7,000; no other depreciation adjustment was made in 2015. The April utilities expense of $800 is not included in the adjusted trial balance, because the bill arrived after the trial balance was prepared. The $800 ..

  Consolidated basic and diluted earnings per share

Evaluate the amount of consolidated basic and diluted earnings per share for Peppercorn and Salt Corporations.

  What is net effect of these gains and losses on william

William recognized a $4,500 capital gain on the sale of marketable securities and a $15,000 Section 1231 loss on the sale of business equipment. What is net effect of these gains and losses on William's taxable income?

  Make or buy production decision makingassume that a

make or buy production decision making.assume that a division of bose makes an electronic component for its speakers.

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