This topic contains a solution. Click here to go to the answer

Author Question: The 0-1 variables in the fixed cost models correspond to a. a process for which a fixed cost ... (Read 54 times)

Garrulous

  • Hero Member
  • *****
  • Posts: 686
The 0-1 variables in the fixed cost models correspond to
 a. a process for which a fixed cost occurs.
  b. the number of products produced.
  c. the number of units produced.
  d. the actual value of the fixed cost.

Question 2

A machine produces pipes used in airplanes. The average length of the pipe is 16 inches. The acceptable variance for the length is 0.3 inch. A sample of 25 pipes was taken. The average length in the sample was 15.95 inches with a variance of 0.4 inch.
 a. Construct a 95 confidence interval for the population variance.
  b. State the null and alternative hypotheses to be tested.
  c. Compute the test statistic.
  d. The null hypothesis is to be tested at the 5 level of significance. State the decision rule for the test.
 e. What do you conclude about the population variance?



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

kjo;oj

  • Sr. Member
  • ****
  • Posts: 328
Answer to Question 1

A

Answer to Question 2

a. .2439 to .7741
b. H0: 2 = .3
Ha: 2  .3
c. 32
d. Do not reject H0 if 12.4011 < 2 < 39.3641
Reject H0 if 2 > 39.3641 or 2 < 12.4011
e. Do not reject H0, there is not sufficient evidence to conclude that the population variance is unacceptable.




Garrulous

  • Member
  • Posts: 686
Reply 2 on: Jun 24, 2018
:D TYSM


raili21

  • Member
  • Posts: 324
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

Automated pill dispensing systems have alarms to alert patients when the correct dosing time has arrived. Most systems work with many varieties of medications, so patients who are taking a variety of drugs can still be in control of their dose regimen.

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

Most fungi that pathogenically affect humans live in soil. If a person is not healthy, has an open wound, or is immunocompromised, a fungal infection can be very aggressive.

For a complete list of videos, visit our video library