Difference in the amount dispensed

Assignment Help Business Economics
Reference no: EM133078507

A vending machine designed to dispense coffee into 8 milliliter cups was checked by a technician who samples 4 cups before making an adjustment, and 5 cups after making an adjustment. Assuming that the variance are known to be equal, find a 90% confidence interval for the mean difference in the amount dispensed due to the adjustment, if the sample showed the following amount of coffee 9/29/21 16 Before adjustment. 6.92 7.34 7.26 6.88 After adjustment 7.33 7.93 7.65 7.49 7.1

Reference no: EM133078507

Questions Cloud

Produce higher profits in equilibrium : Tim Hortons carefully chooses where to locate its stores. Some locations, such as at the intersection of two streets, have a natural advantage because of a high
Determining the reduced interest rate : Explain how this reduced interest rate will transmit through the economy.
Calculate the weighted average common shares outstanding : Bloodhound Corp. provides the following data for calendar 2020 - Calculate the weighted average common shares outstanding during the year
Explain the purpose of financial statement analysis : Explain the purpose of financial statement analysis for both external and internal users. Describe three common tools of financial statement analysis
Difference in the amount dispensed : A vending machine designed to dispense coffee into 8 milliliter cups was checked by a technician who samples 4 cups before making an adjustment, and 5 cups afte
Explain economics is concerned with addressing : Discuss what you think economics is concerned with addressing.
Determine payback period : Determine payback period, IRR and Profitability index for the investment given minimum required return by shareholder of del 12%
Primary goals of expansionary-contractionary fiscal policies : Let's start this week with the following question, Discuss the primary goals of expansionary and contractionary fiscal policies and their effects on unemploymen
What is the maximum amount of cost that can be deducted : An asset (not an automobile) put in service in June 2020 has a depreciable basis of $535,000. What is the maximum amount of cost that can be deducted

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd