Alpha level is a probability value that is used to define the concept of "very unlikely" in a hypothesis. This value determines he boundaries for the critical region, which is composed of the extreme sample values that are very unlikely to be obtained if the null hypothesis is true. Type I error is <span>when a researcher rejects a true null hypothesis.</span>
The relationship between the alpha level, the size of the critical region, and the risk of a type i error is the following: when the alpha level increases, the critical region increases and type I error increases.
        
             
        
        
        
Answer: company’s direct labor budget = $320000
Explanation:
Given that,
Standard hourly labor rate in the Cutting Department = $12
It takes 30 minutes of direct labor time to cut the lumber
Tables take one hour to assemble 
Standard hourly rate in the Assembly Department = $10
Lunchco’s production budget = 20,000
Cutting Department =  production budget × direct labor time × Standard hourly labor rate
= 20000 × 0.5 hours/unit × $12/unit
= $120000
Assembly Department = production budget × Tables take one hour to assemble  × Standard hourly labor rate
= 20000 × 1 hour/unit × $10/unit
= $200000
Therefore,
company’s direct labor budget = Assembly Department + Cutting Department
= 200000 + 120000
= $320000
 
 
        
             
        
        
        
Answer:
c.  $88.17 per order
Explanation:
The computation of the activity rate for the production order is shown below:
Activity rate = Production orders ÷ order size
where, 
The Production order is $70,536
And, the order size is 800
Now placing these values to the above formula
So, the activity rate is 
= $70,536 ÷ 800 order size
= $88.17 per order
We simply applied the above formula so that the activity rate could come
 
        
             
        
        
        
Answer:
The boat today is worth 100,440 dollars
Explanation:
We need to solve for the present value of the payment Fishermen's Corp will receive for the boat:
We will apply the formula for lump sum to each  
  
 cash flow and then add them together
  
  
  
  
  
  
Year Nominal     Present Value
1	20000  18, 518
2	40000	34,293
3	60000	47,630
TOTAL            100,441
 
        
             
        
        
        
So they will want to buy them if someone sees a product they like and maybe feels a connection to buy it then they will buy it