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Ohio Company provided the following information regarding its only product--ice skates.
Direct materials used $300,000Direct labor 80,000Fixed overhead 100,000Fixed selling and administrative costs 170,000Variable overhead 20,000Variable selling and administrative 90,000Selling unit price 99Units produced and sold 12,000
_____ is the total manufacturing cost if the absorption approach is used.
a $500,000b $360,000c $300,000d $280,000
Suppose that a researcher does a study to see how level of anxiety (A 1 = low, A 2 = medium, A 3 = high) is used to predict exam performance (Y).
Perform the appropriate test for a difference in mean blood glucose and report the p-value for the two-tailed test of significance, assuming that the variances are equal.
A contingency table has 5 rows and 4 columns. How many degrees of freedom are there?
Using the original data, estimate the population standard deviation with 90% probability.
Compute the range, variance, standard deviation, and coefficient of variation. Compute the Z scores. Are there any outliers?
Find the percent of a standard Normal model found in the given region. Round to the nearest hundredth of a percent.
What would you recommend Taylor do to cut back its labor cost? (Illustrate using an ABC plan.)
A random sample of n = 16 scores is selected from a normal distribution with a mean of μ = 50 and standard deviation of σ = 10. a) What is the probability that the sample mean will have a value between 45 and 55?
The average for 14 cross-country runners is 172 mg/dl with a standard deviation of 41 mg/dl. Solve using the Traditional Method. Find the p-value for your test statistic. Use an α = 0.05.
While dealing with 16 students, suppose that the alternative hypothesis has been one-sided and that it was set as Ha :
At 95% confidence, test to determine if more than 21% of the population will like the new soft drink.
Test out an suitable hypothesis also state your conclusion. Make sure the suitable assumption as well as conditions are satisfied before you proceed.
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