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 46 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

aruss1303

  • Member
  • Posts: 314
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

The experimental approach used by Masui and Markert to identify cyclin and cyclin-dependent kinase ( The experimental approach used by Masui and Markert to identify cyclin and cyclin-dependent kinase (
Summary of US Census Data Summary of US Census Data
Recent history of biochemistry shown by the introduction of new techniques. (part 1) Recent history of biochemistry shown by the introduction of new techniques. (part 1)
Which outcome corresponds to the combination of silver and carbonate ions shown in the ... Which outcome corresponds to the combination of silver and carbonate ions shown in the ...
Identify the variable representing each described quantity in the equation Identify the variable representing each described quantity in the equation
Type III curve. Mortality is highest early in life. Data for a desert shrub (Cleome droserifolia). Type III curve. Mortality is highest early in life. Data for a desert shrub (Cleome droserifolia).
Video: Factors that affect conduction rates (myelination, axon diameter & temperature)

For a complete list of videos, visit our video library