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A firm is considering three capacity alternatives: A, B, and C. Alternative A would have an annual fixed cost of $150.000 and variable costs of $28 per unit. Alternative B would have annual fixed costs of $145,000 and variable costs of $19 per unit. Alternative C would have fixed costs of $100,000 and variable costs of $15 per unit. Revenue is expected to be $50 per unit.
a. Which alternative has the lowest break-even quantity?b. Which alternative will produce the highest profits for an annual output of 40,000 units?c. Which alternative would require the lowest volume of output to generate an annual profit of $100,000?
A behavioral research situation that could use a Pearson coefficient research study and a chi square research study. Present the rationale for each selection. Be very specific in your presentation.
At one excavation site 8641 pot shards have been found that not yet been cleaned and identified. What is the probability that:
Find out the range of the following set of whole numbers: 12, 13, 15, 17, 12, 18, 12, 19, 13, 12, 14, 13, 12, 15
Describe a hypothesis upon which the manufacturer might wish to conduct a test concerning the relative effectiveness of the new fertilizer.
A local health care company wants to estimate the mean weekly elder day care cost. A sample of 10 facilities shows a mean of $250 per week with a standard deviation of $25. What is the 90 percent confidence interval for the population mean?
Suppose that weights of bags of potato chips coming from a factory follow a normal distribution with mean 12.8 ounces and standard deviation .6 ounces.
Digital camcorder repair service has set the goal not to exceed average of 5 working days from time unit is brought in to time repairs are completed. Compute the t-value.
Test the proportions of yellow fire trucks have a significantly lower accident rate.
Students in the social work course received the following course grades. Create a frequency distribution for this data. Compute the mean. Determine the median.
A number of years ago, there was a popular television game show called Let's Make a Deal. The host Monty Hall, would randomly select contestants from the audience and, as the title suggests
I have been approached by a pharmaceutical company that has developed a new drug, which is supposed to be effective in the treatment of schizophrenia.
Two sample z-test for the difference between two population proportions
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