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Paraphin [41]
3 years ago
7

Describe a problem you face in your everyday life or at work. How might you use hypothesis testing to find a solution or improve

ment to that problem? Would you conduct a one-sample or two-sample test? What would be your null and alternative hypotheses?
Business
1 answer:
Tju [1.3M]3 years ago
4 0

Answer:

The common problem i encounter mostly is the statistical modelling problem.

In this scenario we choose best combination of independent variables for the hypothesis testing. the independent variable shows the significant effect on dependent variable so we keep it in modelling.

My null hypothesis would be that there is no significant effect of independent variable on dependent variable.  for my alternative hypothesis there exist is significant effect of independent variable on dependent variable.

Explanation:

Solution

The common problem I face daily is the statistical modelling problem which is the selection of relevant independent variable for prediction modelling.

In this example to select the best combination of independent variables we use hypothesis testing. if the independent variable has significant effect on dependent variable then the independent variable shows the significant effect on dependent variable so we keep it in modelling. In this way the model gets improved.

Since there are always two variables or two categories. hence it has a two sample test.

The Hypothesis can be shown below:

Null hypothesis:

H0:There is no significant effect of independent variable on dependent variable.

Alternative hypothesis:

Ha: There is significant effect of independent variable on dependent variable.

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Answer:

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           Raw materials inventory                                      $52,000

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         Account Title                                                           Debit             Credit

         Factory Supplies                                                 $22,000

         Raw materials                                                                             $22,000

        Account Title                                                           Debit             Credit

        Work in Process inventory                                  $20,100

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3 0
3 years ago
There are four major categories with examples that provide a useful way for examining logistics and supply chain performance: Th
mr Goodwill [35]

Answer:

Quality

Explanation:

Logistics and supply chain management performance is best evaluated by examining time required to carry out task, the quality of task at hand, the cost to be expended and the supporting metric.

4 0
4 years ago
Read 2 more answers
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3 0
3 years ago
55.The manager of Bonzai's Boutique has approved Carla's application for credit. The maximum payment that has been approved is $
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Answer:

$1,916.2

Explanation:

A fix Payment for a specified period of time is called annuity. The discounting of these payment on a specified rate is known as present value of annuity. In this question the payment of $95 per month for 24 months at APR of 16% is an annuity.

Formula for Present value of annuity is as follow

PV of annuity = P x [ ( 1- ( 1+ r )^-n ) / r ]

Where P = Annual payment = $95

First, Calculate the effective rate

EAR = ( 1 + 16%/12 )^12 - 1 = 17.2%

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8 0
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Answer:

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Add: Decrease in short term investment $15,000

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Less: Decrease in account payable -$6,000

Net Cash provided by operations $204,000

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7 0
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