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 the use of budgets in planning and controlling

BUACC5933 Cost and Management Accounting. Discuss the difficulties associated with allocating overhead costs in the contemporary manufacturing environment and identify strategies that firms can adopt to help make their overhead allocations more acc..

  On 1st january 2009 plano company acquired 8 16000 shares

on 1st january 2009 plano company acquired 8 16000 shares of the outstanding voting shares of the sumter company for

  Partnership with capital contributions

Shelby and Mortonson formed a partnership with capital contributions of $230,000 and $330,000, respectively. Their partnership agreement calls for Shelby to receive a $53,000 per year salary. Also, each partner is to receive an interest allowance equ..

  Calculate philip morriss price-earnings ratio

Using the data in the accompanying table and the multistage dividend discount model, calculate the intrinsic value of Philip Morris stock at year-end 1991. Assume

  Evaluate the firm''s sales, net income, and net cash flow

Evaluate the firm's sales, net income, and net cash flow

  Four key components of emotional intelligence

Provide examples for the four key components of emotional intelligence (please make sure the concepts are in your own words), and discuss the practical significance of emotional contagion and emotional labor. Please provide examples to support your s..

  Complete a bond amortization schedule for the life

A company with an annual accounting year ending on December 31 issued bonds on January 1 in the amount of $500,000 maturing in 10 years with interest payable each June 30 and December 31 at a 6% annual rate.

  Determine the amount of revenue

Calculate operating income if sales volume increases by 20% and Determine the amount of revenue required for Edwards to break even

  Companies that have accelerated month-end closing process

Use the internet to research at least two (2) companies that have accelerated the month-end closing process or have performed a virtual close. identify atleast 3 benefits afforded to the users of the financial statements and the company of accelerati..

  Reason for the joint project undertaken by the fasb and iasb

What are the roles and objective of FASB and IASB and what are the main reason for the joint project undertaken by the FASB and IASB?

  Financial statements for the items

Discuss the differences in the amounts shown in the financial statements for the items Land

  How many personal and dependency exemptions may anita claim

The son also works in the campus bookstore and earns spending money of $4,000. How many personal and dependency exemptions may Anita claim?

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