This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Using Crystal Ball for the data set shown above, identify the purchase quantity that provides the ... (Read 22 times)

Garrulous

  • Hero Member
  • *****
  • Posts: 686
on: Jun 24, 2018
Using Crystal Ball for the data set shown above, identify the purchase quantity that provides the largest average profit.
 
  A) Purchase quantity 54
  B) Purchase quantity 53
  C) Purchase quantity 56
  D) Purchase quantity 60

Question 2

Is there sufficient evidence to reject the null hypothesis that there is no difference between the analysts forecast?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

brittrenee

  • Sr. Member
  • ****
  • Posts: 321
Reply #1 on: Jun 24, 2018
Answer to Question 1

C

Answer to Question 2

Since F4, 12, 0.05 = 3.26 and F = 2.723, we fail to reject H0 at   0.05. There is no sufficient statistical evidence to conclude that there is a difference between the analysts' forecast.


Garrulous

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

shewald78

  • Member
  • Posts: 340
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

Did you know?

The horizontal fraction bar was introduced by the Arabs.

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Did you know?

Asthma cases in Americans are about 75% higher today than they were in 1980.

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

A vertebrate digestive system, as shown in the human. A vertebrate digestive system, as shown in the human.
Extent of agricultural activity across the planet (data from Foley et al. 2005). Extent of agricultural activity across the planet (data from Foley et al. 2005).
Nickel ball Nickel ball
Desmosomes and gap junctions, as shown in heart muscle: Desmosome Desmosomes and gap junctions, as shown in heart muscle: Desmosome
Each of the eight injectors shown are producing a correct spray pattern for the applications. While ... Each of the eight injectors shown are producing a correct spray pattern for the applications. While ...
Linkage Data from 39 Families with Cystic Fibrosis Linkage Data from 39 Families with Cystic Fibrosis
Video: Muscle cell structures - actin, myosin and titin filaments

For a complete list of videos, visit our video library