B. H0 : There is no association between race and the section of the apartment complex.
H A: There is an association between race and the section of the apartment complex.
Find the χ2 statistic
Solution
The formula for calculating χ2 statistic is given by ;
χ2∗ =∑(Oi−Ei)2/Ei, where Oi and Ei is the i^th observation and the i^th expected count
From the given data calculated the expected count using the formula; E = (row total *column total)/sample size
χ2 = 7.104439336,
χ2 = 7.104 (rounded to 3 decimal .places)
The P-value is;
Degrees of freedom = (2-1)*(2-1) = 1, χ2 = 7.1044
P-value from chi-square calculator is 0.007689
Marginal utility is the extra satisfaction gained from consuming one more unit of a good.
Answer:
c. none of these
units started into the process this period plus units in beginning inventory
Explanation:
In FIFO , the physical units are divided between the beginning units, units started in process and the ending units. But as all the materials is added at the beginning of the process so the FIFO physical units would be divided between the units started into the process this period plus units in beginning inventory and hence the equivalent units for materials will be calculated.
So the best choice is option c.
Answer: Companies in perfect competition do not usually apply "socially conscious" practices because their cost-benefit relationship does not justify it.
Generally, the administration of an oligopolistic company will carry out "socially conscious" practices, because this differentiation between the other companies would lead to higher than normal profits.
Answer:
The company's cost to produce 1,000 gallons of product B is $7,131.25.
Explanation:
This can be calculatd as follows:
Product B share of joint cost = (Product B sales value / (Product B sales value + Product A sales value)) * Cost to split-off point = ($32.20 / ($32.20 + $3.00)) * $5,500 = 0.914772727272727 * $5,500 = 5,031.25
Product B total additional separable process beyond split-off = Additional cost per gallon * Number of gallons of product B produced = $2.10 * 1,000 = $2,100
Therefore, we have:
Company's cost to produce 1,000 gallons of product B = Product B share of joint cost + Product B total additional separable process beyond split-off = 5,031.25 + $2,100 = $7,131.25
Therefore, the company's cost to produce 1,000 gallons of product B is $7,131.25.
