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

Author Question: It is improper to combine manufacturing costs and overtime costs in the same objective function. ... (Read 94 times)

V@ndy87

  • Hero Member
  • *****
  • Posts: 571
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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

perkiness

  • Sr. Member
  • ****
  • Posts: 348
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

  • Member
  • Posts: 571
Reply 2 on: Jun 24, 2018
Excellent

steff9894

  • Member
  • Posts: 337
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

The function of a ligand-gated ion channel The function of a ligand-gated ion channel
Pairs of heavy and light chains combine to form a Y-shaped molecule Pairs of heavy and light chains combine to form a Y-shaped molecule
Glycoprotein IIb/IIIa receptor activation of platelet function. Glycoprotein IIb/IIIa receptor activation of platelet function.
The function of the intrafusal motor neurons. The function of the intrafusal motor neurons.
How to plot a cosine function containing an amplitude and phase-shift (Question 1 of 2) How to plot a cosine function containing an amplitude and phase-shift (Question 1 of 2)
State the transformations on the function f(x)= 4sin(x-pi)-2 and then graph two cycles below. State the transformations on the function f(x)= 4sin(x-pi)-2 and then graph two cycles below.
Video: Renal Failure

For a complete list of videos, visit our video library