### 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.

### Previous Q& A

#### 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.

#### Domain and range of a function

Graph this equation and find an appropriate domain and range.

#### Effect on the tax basis of each partner

Before the partnership pays for the supplies but after the partnership has taken title and possession of the supplies, is there any effect on the tax basis of each partner’s partnership interests?

#### What is the ph at the point during a titration

What is the pH at the point during a titration when 22 mL of 0.200 M HCl has been added to 33 mL of 0.0500 M NH3 solution? HCl is strong acid, Kb = 1.8 × 10-5 for NH3. Answer in units of pH

#### Use of market value for investment valuation

While US GAAP requires assets to be valued at the lower of cost or market, there is a belief that assets with value fluctuations should be valued at market and adjusted on a regular basis. Create an argument supporting the use of market value for ..

#### Find probability to vote democrat

One of the 100 test subjects is selected at random. Given that the person selected approves of the mayor, what is the probability that they vote democrat?

#### How much oxygen gas is needed

Given the reaction 2C2H2(g) + 5O2(g) ->4CO2(g) + 2H2O(g) , how much oxygen gas is needed for the complete combustion of 167 g of acetylene (C2H2)? Answer in units of g

### Similar Q& A

#### Target corporation-liquidity and efficiency

Examine Target for the years 2004-2006 and compare to Walmart. Comment on the relative liquidity and efficiency these firms. How does Target compare to Walmart? Would you invest in this company?

#### Generally accepted accounting principles-operating budget

Explain generally accepted accounting principles applied to the health care industry and how they are applied to your Operating Budget Projection.

#### Revamping standard setting for accounting

Is there a need for revamping the standard setting for (GAAP) accounting and should the federal government be involved?

All of the following statements are true regarding the Lifetime Learning credit except:

#### Balancing intercompany payables-receivables

What is the impact of not balancing intercompany payables/receivables on a monthly basis? What is the impact on not eliminating intercompany payables/receivables during the consolidation?

#### Estate tax exemption problem

Gift tax returns were filed reporting these gifts. How much of her estate is subject to federal estate tax after considering the estate tax exemption?

#### What effect did the expansion on sales

Show what effect did the expansion have on sales, net operating working capital, capital, net operating profit, and net income?

#### Major objectives of financial reporting

What are the major objectives of financial reporting? Who are the users of financial reporting? What type of information will each user group need? Why?

#### Reduce goal incongruence

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

#### Record the bond pruchase on august 1, 2010

On August 1, 2010, Dambro Co acquired 200, \$1,000, 9% bonds at 97 plus accrued interest. The bonds will be added to Dambro's available for sale portfolio. The bonds were dated May 1, 2010, and mature on April 30, 2016, with interest paid each October..

#### Journal entry to record pension expense

Compute the amount of pension expense to be reported for 2008 (show computations) Prepare the journal entry to record pension expense and the employer's contribution for 2008. Assume no new actuarial gains/losses were experienced and that actual re..

#### Equation method for computing eoq

For each of the following independent cases, use the equation method to compute the economic order quantity.