Problem regarding critical value

Assignment Help Accounting Basics
Reference no: EM13122839

Cake manufacturer Little Diva's wants to increase the shelf life of its easy-to-fix cupcake mixes. Company's records indicate that the average shelf life of the mix is 230 days. A new, improved cupcake mix was developed and a sample of 10 boxes of the cupcake mix had these shelf lives (in days): 231, 233, 232, 233, 228, 231, 234, 229, 235, and 232. If the standard deviation was .67 and at the 0.025 significant level, has the shelf life of the cupcake mix increased?

A. Yes, because computed t is greater than the critical value.

B. Yes, because computed t is less than the critical value.

C. No, because 231.8 is quite close to 230.

D. No, because computed t lies in the region of acceptance.

Reference no: EM13122839

Questions Cloud

Find minimum sample size required to estimate population : Use the given date to find the minimum sample size required to estimate a population proportion and populat mean. Margin of error: 0.004, confidence level, 90%, sample proportion (p) : = 0.45
Suitable game : Lesson topic: revise vocabulary of animals (bear, dog, fox, crocodile,etc) at the end of a week. Choose a suitable game to do that and plan a 30-min lesson based around the game.  Level: Beginner
Suitable game : Lesson topic: revise vocabulary of animals (bear, dog, fox, crocodile,etc) at the end of a week. Choose a suitable game to do that and plan a 30-min lesson based around the game.  Level: Beginner
What is the mole percent o2 in the mixture : A gaseous mixture of O2 and Kr has a density of 1.192 g/L at 305 torr and 300. K. What is the mole percent O2 in the mixture
Problem regarding critical value : If the standard deviation was .67 and at the 0.025 significant level, has the shelf life of the cupcake mix increased?A. Yes, because computed t is greater than the critical value.
What mass of na2so4 is needed : what mass of Na2SO4 is needed to prepare 350. ml of a solution having a sodium ion concentration of 0.125 M.
Parametric equations for tangent line : The plane y + z = 3 intersects the cylinder x^2 + y^2 = 5 in an ellipse. Find the parametric equations for the tangent line to this ellipse at the point (1,2,1)
How insurance company developed a new payment system : Suppose that the insurance company developed a new payment system in an effort to increase this percentage. A sample of 200 claims processed under this system revealed.
What is the mole fraction of the solute : .20g of methyl alcohol, CH3OH, are dissolved in 16.8g of water, H2O. What is the mole fraction of the solute.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Premium expense-inventory of premiums

Bonita places a coupon in each box of its product. Customers may send in five coupons and $3-A total of 400,000 boxes of product were sold in 2010. It was estimated that 6% of the coupons would be redeemed.

  Journalizing the adjusting entry

The records of Nevada Co. indicated that $420,000 of merchandise should be on hand on December 31, 2010. The physical inventory indicates that $370,000 of merchandise is actually on hand. Journalize the adjusting entry for the inventory shrinkage ..

  Negotiating with foreign suppliers

A company wants to buy $30 million in materials and services from suppliers in China, Japan, and South Korea. Discuss how the company would negotiate using the win-win model. What sort of strategies would it use?

  Analysis and evaluation of company liquidity

A detailed analysis and evaluation of company'ssolvency , liquidity and profitability position. Develop common-sized income statements for most recent two years, and comment on items which you deem important.

  What is after-tax return of auto abs is for client

As a financial adviser to individual investors, your boss has asked you to write a memo to him analyzing a choice of two bonds for a client seeking to invest $350,000.

  Valid appropriation

It is illegal for a government to spend money for any purpose unless a valid appropriation for that purpose exists. Does this legal rule assure good financial management for each government? Why or why not?

  If the direct labor efficiency variance is unfavorable

Variable manufacturing overhead is applied to products on the basis of standard direct labor-hours. If the direct labor efficiency variance is unfavorable.

  Does warranty accrual decision create any ethical dilemma

Does warranty accrual decision create any ethical dilemma for Bly and since warranty expenses vary, what % do you think Bly could select for the current year? Justify your response.

  Discusses debits and credits

Define the terms debit and credit. Explain how debits and credits affect the following: assets, liabilities, owner's capital account, revenues and expenses.

  Incremental analysis and decision making

Crone Enterprises uses a word processing computer to handle its sales invoices. Lately, business has been so good that it takes an extra 3 hours per night, plus every third Saturday, to keep up with the volume of sales invoices.

  Significance and usefulness of accounting cycle

Please discuss the value of the accounting cycle to the including:

  Fund level entries in general journal

Provide the fund level entries in general journal form required to conform to generally accepted accounting principles. If no entry is needed, so indicate.

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