Author Question: In a fixed-cost problem, choosing excessively large values for the maximum production quantity will ... (Read 107 times)

cabate

  • Hero Member
  • *****
  • Posts: 537
In a fixed-cost problem, choosing excessively large values for the maximum production quantity will result in
 a. all reasonable levels of production.
  b. no production.
  c. no solution at all.
  d. possibly a slow solution procedure.

Question 2

As the sample size increases, the standard error of the mean ______________.
 Fill in the blank(s) with correct word



taylorsonier

  • Sr. Member
  • ****
  • Posts: 377
Answer to Question 1

d
RATIONALE: In a fixed-cost problem, the value of the maximum production quantity M should be large enough to allow for all reasonable levels of production, but choosing values of M excessively large will slow the solution procedure.

Answer to Question 2

decreases
RATIONALE: As the sample size increases, the standard error of the mean decreases. This happens because the sample size appears in the denominator of the standard error calculation, so dividing by a larger number yields a smaller standard error.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Anti-aging claims should not ever be believed. There is no supplement, medication, or any other substance that has been proven to slow or stop the aging process.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

Green tea is able to stop the scent of garlic or onion from causing bad breath.

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

For a complete list of videos, visit our video library