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Talja [164]
3 years ago
11

A recent physical inventory at a department store reports a merchandise value of $875,435. The merchandise book value was $907,3

40. The merchandise sales were $1,988,345. What is the shrinkage as a percentage of sales? (Shrinkage is the difference between the book value and the merchandise value from a physical inventory.)
Mathematics
1 answer:
HACTEHA [7]3 years ago
5 0

Answer:

1.6% shrinkage

Step-by-step explanation:

907,340 - 875,435 = 31,905

31,905 / 1,988,345 = .0160  = 1.6%

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There is sufficient evidence to support the claim that the mean temperature is different from 42 deg

Step-by-step explanation:

From the given information, we are being told that:

The manufacturer of a refrigerator system for beer kegs produces refrigerators that are supposed to maintain a true mean temperature, μ, of 42°F

i. e  mean  μ = 42

The owner of the brewery does not agree with the refrigerator manufacturer, and claims he can prove that the true mean temperature is incorrect.

Assuming that a hypothesis test of the claim has been conducted and that the conclusion is to reject the null hypothesis, state the conclusion in nontechnical terms.

From above;

The null and the alternative hypothesis can be computed as:

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Here , the hypothesis test of the claim is the alternative hypothesis.

The conclusion based on the decision rule:  is to reject the null hypothesis

∴

The conclusion in non technical terms is that :

There is sufficient evidence to support the claim that the mean temperature is different from 42 deg

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