Answer: Hello below is the complete question
A survey of entrepreneurs focused on their job characteristics, work habits, social activities, leisure time, etc. One question put to each entrepreneur was, "What make of car (U.S., Europe, or Japan) do you drive?" The responses (number in each category) for a sample of 100 entrepreneurs are summarized below. The goal of the analysis is to determine if the proportions of entrepreneurs who drive American, European, and Japanese cars differ.
U.S. Europe Japan
40 35 25
In order to determine whether the true proportions in each response category differ, a one-way chi-square analysis should be conducted. Suppose the p-value for the test was calculated to be p=0.1738 . What is the appropriate conclusion to make when testing at α = 0.10?
Answer : The conclusion to be drawn is that We cannot reject the Null hypothesis if we use a one-way chi square analysis because at α = 0.1 from the chi-square tabulated p-value = 0.584 while the calculated /given p-value is = 0.1738
Explanation:
Data given:
p-value = 0.1738
α = 0.10
sample size = 100
U.S cars = 40, Europe cars = 35, Japan cars = 25
The conclusion to be drawn is that We cannot reject the Null hypothesis if we use a one-way chi square analysis because at α = 0.1 from the chi-square tabulated p-value = 0.584 while the calculated /given p-value is = 0.1738
Answer:
The additional sale will not conflict with regular sales.
Explanation:
Accept business at a special price if the additional sales conflict regular sales. That is, special price must maintain the status quo or improve it.
Answer:
The correct answer is D: Manufacturing overhead= $45500
Explanation:
Giving the following information, we need to calculate the amount of manufacturing head.
Direct labor= $11000
Direct labor is 40% of prime costs
Total manufactured cost is= $73000
First, we need to calculate the direct material:
Prime cost= direct material + direct labor
If direct labor is 40% of prime costs, then:
Direct material=(11000*60/40=16500
Now, the manufactured cost formula is:
Manufactured cost= direct material + direct labor + manufacturing overhead
By rearranging the formula:
<u>Manufacturing overhead= Manufactured costs - direct material - direct labor= 73000- 16500-11000=$45500</u>
