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Author Question: It is improper to combine manufacturing costs and overtime costs in the same objective function. ... (Read 55 times)

V@ndy87

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on: Jun 24, 2018
It is improper to combine manufacturing costs and overtime costs in the same objective function.
  Indicate whether the statement is true or false

Question 2

A fast-food restaurant is considering a promotion that will offer customers to purchase a toy featuring a cartoon movie character. If more than 20 of the customers purchase the toy, the promotion will be profitable. A sample of 50 restaurants is used to test the promotion.
 a. State the hypotheses associated with the restaurant's test.
  b. Describe a Type I error for this situation.
  c. Describe a Type II error for this situation.


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perkiness

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Reply #1 on: Jun 24, 2018
Answer to Question 1

F

Answer to Question 2

a. H0: p  .20
Ha: p > .20
b. A Type I error for this situation would be to incorrectly conclude that the promotion would be profitable.
c. A Type II error for this situation would be to conclude that the promotion would not be profitable when more than 20 of customers would purchase the toy.


V@ndy87

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Reply 2 on: Jun 24, 2018
Great answer, keep it coming :)

samiel-sayed

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Reply 3 on: Yesterday
:D TYSM

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