Answer:
1.752
Step-by-step explanation:
Nine tenths = 0.9
0.852 + 0.9 = 1.752
Answer:
See explanation below
Step-by-step explanation:
Here, a director of manufacturing must convince management that a proposed manufacturing method reduces costs before the new method can be implemented. The current production method operates with a mean cost of $220 per hour.
a) The alternative and null hypotheses would be:
H0: μ ≥ 220
Ha: μ < 220
b) Comment on the conclusion when H0 cannot be rejected:
When we fail to reject the null hypothesis H0, there is not enough evidence to conclude that the mean cost can be reduced from $220. Therefore the manager's proposed method cannot be implemented.
c) Comment on the conclusion when H0 can be rejected:
When the null hypothesis, H0 is rejected, there is enough evidence to conclude that the mean cost can be reduced from from $220. Therefore the manager's proposed method can be implemented.
Answer:
67%
Step-by-step explanation:
Cost plus markup = selling price.
Here, the cost was $30 and the selling price was $50. Subtracting $30 from $50, we get $20, which was the dollar amount of the markup.
We now compare this $20 to the original cost ($30):
$20
------- * 100^ = 67%
$30
The markup, as a percentage, was 67%.
