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 43 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
YES! Correct, THANKS for helping me on my review

bdobbins

  • Member
  • Posts: 326
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

Your heart beats over 36 million times a year.

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Cystoscopy. In this procedure, a specialized endoscope with a rigid tube, known as a cystoscope, is Cystoscopy. In this procedure, a specialized endoscope with a rigid tube, known as a cystoscope, is
Shown here is Sigmund Freud in 1931 as he poses for a sculptor in Vienna, Austria. Although Freud ... Shown here is Sigmund Freud in 1931 as he poses for a sculptor in Vienna, Austria. Although Freud ...
A CNG storage tank from a Honda Civic GX shown with the fixture used to support it while it is being ... A CNG storage tank from a Honda Civic GX shown with the fixture used to support it while it is being ...
Split-brain patients were shown composite photographs Split-brain patients were shown composite photographs
The path of a race car is shown. What is the straight distance from the start to the finish to ... The path of a race car is shown. What is the straight distance from the start to the finish to ...
The genome of a typical retrovirus is shown at the top of the diagram The genome of a typical retrovirus is shown at the top of the diagram
Video: Adolescent Diabetes

For a complete list of videos, visit our video library