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

Author Question: The 0-1 variables in the fixed cost models correspond to a. a process for which a fixed cost ... (Read 91 times)

Garrulous

  • Hero Member
  • *****
  • Posts: 686
on: Jun 24, 2018
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
Reply #1 on: Jun 24, 2018
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
Thanks for the timely response, appreciate it

triiciiaa

  • Member
  • Posts: 349
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

According to research, pregnant women tend to eat more if carrying a baby boy. Male fetuses may secrete a chemical that stimulates their mothers to step up her energy intake.

A fixed action pattern elicited by a sign stimulus. A fixed action pattern elicited by a sign stimulus.
The Mesengenic Process in stem cells The Mesengenic Process in stem cells
Coronoid process Coronoid process
Critical thinking and the evaluation process Critical thinking and the evaluation process
The process of pharmacokinetics The process of pharmacokinetics
A company that makes cell phones has the following cost structure. They have fixed costs of ... A company that makes cell phones has the following cost structure. They have fixed costs of ...
Video: Adolescent Diabetes

For a complete list of videos, visit our video library