Answer:
a. H0 : U ≥ 15
Ha : U < 15
b. Type I error is incorrectly conclude that the pain is reduced in less than 15 minutes.
c. Type II error is fail to conclude that time for pain reduction is less than 15 mints when actually its less than 15 minutes.
Explanation:
Null hypothesis is a statement that is to be tested against the alternative hypothesis and then decision is taken whether to accept or reject the null hypothesis.
Type I error is one in which we reject a true null hypothesis.
Type II error is one in which we fail to reject the null hypothesis that is actually false.
Answer:
B. 115
Explanation:
The price index calculates changes in the prices paid by consumers for a basket of goods and services over a period.
Price index = (Cost of basket in a given year / cost of basket in the base year) × 100
230 / 200 = 1.15 × 100 = 115
I hope my answer helps you
Answer:
a) The volume of output at which both the locations have the same profit is 140
Explanation:
We are looking for the quantity produced that give us the same profit.
First we have to get the equation of profit in both location.
Profit function
P(x) =Revenue- Total cost P(x) =(Px * Q)-(FC + vc*Q)
Where
FC=Fixed cost
vc=unitary variable cos
Q=produce quantity
Px=Price
Q=produce quantity
<u>Bonham Profit</u>
P(x) =(Px * Q)-(FC + vc*Q)
P(x) =(29000 * Q)-(820000 + 13000*Q)
<u>McKinney Profit</u>
P(x) =(29000 * Q)-(960000 + 12000*Q)
To find the Q where both profit are equal
(29000 * Q)-(820000 + 13000*Q)=(29000 * Q)-(960000 + 12000*Q)
29000 * Q-820000 -13000*Q=29000 * Q-960000 - 12000*Q
We put all the numbers multiple by Q in the same term
29000 * Q-29000* Q -13000*Q - 12000*Q=820000 -960000
-1000*Q=-140000
Q=140
Answer:
$3,249.80
Explanation:
Time Cash Flow
0 600
1 600
2 600
3 600
4 600
Future Value of this cash flow at the end of year 4 = 600 * ((1+4%)^5 – 1)/4%
Future value = 600 * [(1+0.04)^5 - 1 ] / 0.04
Future value = 600 * (1.04^5 - 1) / 0.04
Future value = 600 * (1.216653 - 1) / 0.04
Future value = 600 * 0.216653/ 0.04
Future value = 600 * 5.416325
Future value = $3249.795
Future value = $3,249.80
Answer:
c. telecommunication
Explanation:
A global information system (GIS) is a system that is used to storage all the data from the headquarters of a company and all its subsidiaries in one place. This system works in all the places where the company is and the telecommunication infrastructure of the countries where the subsidiaries are located must be taken into consideration because it needs different technologies and applications and if they are not available or if they don't work properly, the system won't be able to store, retrieve and transmit information and it won't allow a good communication between the offices.
