Determines the net weight of each

Assignment Help Business Economics
Reference no: EM13154926

Bags of a certain brand of tortilla chips claim to have a net weight of 14oz. Net weights actually vary slightly from bag to bag and are normally distributed with mean u. A representative of a consumer advocate group wishes to see if there is any evidence that the mean net weight is less than advertised and so intends to test the hyportheses

Ho: u=14, Ha: u<14

using a 5% significane level. To do this, he selects 16 bags of this brand at random, determines the net weight of each, and computes the mean of these 16 weights with the sample standard deviation, s= 0.25. ( Assuming the standard deviation for the distribution of actual net weights for bags of this brand is equal to s= 0.25) the power of our test when u= 13.8 oz. is approximately:

a) 0.975

b) 0.93

c) 0.2119

d) 0.0007

Reference no: EM13154926

Questions Cloud

Determine the amount of net capital loss carried back : Lass Corporation reports a $25,000 net capital loss this year. The corporation reports the following net capital gains during the past three years. Year Net Long-Term Capital Gain Net Short-Term Capital GainThird previous yearYear before lastLast yea..
Explain lanthanide series of the periodic table : explain in detail why there are exactly 14 elements shown in the Lanthanide series of the periodic table.
Small balance in retained earnings : If you could pick a single source of cash for your business, what would it be? Why? How can a business earn large profits but have a small balance in Retained Earnings? How can a business lose money for many years and still have plenty cash?
Plum deduction for the contribution : Plum's basis in the computers is $70,000, and their fair market value is $250,000. What is Plum's deduction for the contribution of the computers (ignoring the taxable income limitation)?
Determines the net weight of each : determines the net weight of each, and computes the mean of these 16 weights with the sample standard deviation, s= 0.25.
What is the concentration of toluene in air produced : What is the concentration of toluene in air produced by vaporizing 1 ml of liquid toluene into clean air to produce a total volume of 100 liters
Issued additional shares of stock : Mallard Incorporated (MI) is a small manufacturing company that makes model trains to sell to toy stores. It has a small service department that repairs customers' trains for a fee.
What will be the profit of each firm : What will be the profit of each firm? How much did total production go down because of the collusion? How much did the price go up?
Basics of alternative minimum tax : Chev Corporation, a calendar year corporation, has alternative minimum taxable income (before any exemption) of $1.28 million for 2008. The company is not a small corporation. If the regular corporate tax is $209,000, Chev's alternative minimum ta..

Reviews

Write a Review

Business Economics Questions & Answers

  Concept of t-bills and t-notes

Treasury funds national debt by a mix of T-bills, T-notes, and T-bonds with maturities of 10-30 years. During President Clinton's administration Treasury proposed that by issuing more T-bills

  Illustrate the supply and demand table for this scenario

when a cold snap hits florida, the price of orange juice rises in the supermarkets throughout the country. Illustrate  the supply and demand table for this scenario.

  Elucidate why is presidential power conditional

Elucidate why is presidential power "conditional"-that is, why it affected so substantially by circumstance, the makeup of Congress, and popular support.

  Illustrate with a cumulative demand - cumulative supply

Elucidate this linkage in words also after that illustrate with a Cumulative Demand - Cumulative Supply diagram.

  Activities affects government

Describe how each of these activities affects government, households, and businesses. Describe the flow of resources from one entity to another for each activity.

  Price-taking firm was earning zero economic profits

If the price-taking firm was earning zero economic profits before the dynamic efficiency, will the level of profits change after? If so, show the extent of the change.

  The midterm exam is open book

The Midterm Exam is open book, open notes. The maximum time that you can spend in the exam is three hours. If you have not clicked the Submit For Grade button by then, you will be automatically exited from the exam. In the exam environment

  Utilizing the preceding write equations for total cost

Utilizing the preceding write equations for total cost, average cost, and average variable cost.

  Calculate the trade balance among the us

Calculate the trade balance among the U.S. also China for the period. Analysis by using appropriate examples.

  Indifference curve for each consumer

Using an Edge worth Box, graph the initial allocation and draw the indifference curve for each consumer that runs through the initial allocation.

  Least three specific features which your ideal bank

Describe, using complete sentences, at least three specific features which your ideal bank would provide to you.

  College students living off-campus frequently consume

An average worker in Brazil can produce an ounce of soybeans in 20minutes and an ounce of coffee in 60 minutes, while an average worker in Per can produce an ounce of soybeans in 50 minutes and anounce of coffee in 75 minutes.

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