1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kiruha [24]
2 years ago
6

A researcher is asked to determine whether or not a productivity objective (in dollars) of better than $75,000 per employee is p

ossible. A productivity test is done involving 20 employees. What conclusion would you reach
Business
1 answer:
exis [7]2 years ago
4 0

Answer:

Hence the null hypothesis is not rejected.

We conclude that productivity objective (in dollars) is not better than $75,000 per employee.

Explanation:

Single sample t-test ( upper tail test)

H_0: \mu = 75000\\H_1: \mu > 75000

N=20

Mean =75500

Sd=18968.117

t = \frac { (\bar x - \mu)} {\frac {s} {\sqrt{n}}}\\\\t = \frac{(75500-75000)}{\frac{18968.117}{\sqrt{20}}}\\t=0.1179

DF= 20-1=19

Table value of t at 0.05 level of significance =1.7291

Calculated t=0.1179 < table value 1.7291

The null hypothesis is not rejected

We conclude that productivity objective (in dollars) is not better than $75,000 per employee

You might be interested in
Qd = 600 – 4p – 0.03M – 12 Pr + 5T + 6Pe + 1.5N Where Qd = quantity demanded for commodity A; P = price of commodity A; M = cons
NISA [10]

Answer:

A. It implies a fixed 600 units of commodity A will always be demanded without being influenced by any factor that determine the quantity demanded for good ‘A'.

B. 4. Yes.  The reason is that the price of good A is indirectly proportional to the quantity demanded for good ‘A'.

C. It implies that the quantity demanded for good ‘A' decreases by 0.03 as the consumer's income increases by $1. It is an inferior good.

d. Goods A and B are complements since the negative sign implies that the quantity demanded for good ‘A' decreases as the  price of related commodity (good ‘B') (Pr) increases. The interpretation of the the slope parameter for the price of good B is that the quantity demanded for good ‘A' decreases by 12 units as the price of related commodity (good ‘B') (Pr) increases by $1.

E. Yes, the algebraic signs on the slope parameters for T, Pe, and N are correct. The reason is that quantity demanded for good ‘A' will increase as each of T, Pe, and N increases.

f. Quantity demanded for good ‘A' is 2,374.

Explanation:

A. Interpret the intercept parameter in the generalized demand function.

In the generalized demand function, 600 represents the Interpret the intercept parameter.

This implies that 600 units is a fixed units of commodity A is demanded and this is not affected by any factors that determines the quantity demanded for good ‘A'.

Therefore, it implies 600 units of commodity A will always be demanded.

B. What is the value of the slope parameter for the price of good A? Does it have the correct algebraic sign? Why? 4. Yes since indirectly proportional.

From the generalized demand function, the value of the slope parameter for the price of good A is 4.

Yes, it has a the correct algebraic sign which is a minus sign.

The reason is that the price of good 'A' is indirectly proportional to the quantity demanded for good ‘A'.

C. Interpret the slope parameter for income for income. Is good ‘A' normal or inferior? Explain. 0.03. Since Em less than 1 it is normal goods

The slope parameter for income (M) is -0.03. This implies that the quantity demanded for good ‘A' decreases by 0.03 as the consumer's income increases by $1.

It is an inferior good because the quantity demanded for good ‘A' decreases as the consumer's income increases.

d. Are goods A and B substitutes or complements? Why? Interpret the slope parameter for the price of good B.

Since the slope parameter for price of related commodity (good ‘B') (Pr) is negative (i.e. –12), this implies that goods A and B are complements.

The negative sign implies that the quantity demanded for good ‘A' decreases as the  price of related commodity (good ‘B') (Pr) increases.

The interpretation of the the slope parameter for the price of good B is that the quantity demanded for good ‘A' decreases by 12 units as the price of related commodity (good ‘B') (Pr) increases by $1.

E. Are the algebraic signs on the slope parameters for T, Pe, and N correct? Explain

Yes, the algebraic signs on the slope parameters for T, Pe, and N are correct.

The reason is that quantity demanded for good ‘A' will increase as each of T, Pe, and N increases. This implies that there is a positive relationship between the quantity demanded for good ‘A' and each of T, Pe, and N.

f. Calculated the quantity demanded for good ‘A' when P = $15, M = $25000, Pr = $40, T = 6.5, Pe = $5.25 and N = 2000?

Given;

Qd = 600 – 4p – 0.03M – 12 Pr + 5T + 6Pe + 1.5N ............... (1)

Each of the value is then substituted into equation (1) and we then calculate as follows:

Qd = 600 - (4 * 15) - (0.03 * 25000) - (12 * 40) + (5 * 6.5) + (6 * 5.25) + (1.5 * 2000)

Qd = 2,374

5 0
3 years ago
_____ is the study of how resources are distributed for the production of goods and services within a social system
Delicious77 [7]
Business and economics is basically the study of the production,distribution of resources to provide goods and services
6 0
3 years ago
PLEASE HELP!!!!! Nicholas starts a taxi cab business. He buys a garage, hires three drivers, buys two taxi-cabs, he sends his ca
Nostrana [21]
A. The purchased taxi cabs.
The gov. Uses it as capital investment since it is a mode of public transportation. The answer could also be c so people can drive it (with proper training) so other people can use it.
3 0
3 years ago
Frankâ Pianki, the manager of an organic yogurt processing plant desires a quality specification with a mean of 18.0 âounces, an
aleksley [76]

Answer: 0.050

Explanation:

Mean = 18

USL = 18.6

LSL = 17.4

SD = 1.25

Cpk = Min{(mean - LSL / 3*sd), (USL - mean / 3*sd)}

= Min{ ( 18 - 17.4/ 3 * 1.25), (18.6 - 18 / 3 * 1.25)}

= Min { 0.05 0.05)

Cpk = 0.050

8 0
3 years ago
The organizations likely to benefit the most from the global reach of e-commerce are those that.
ElenaW [278]

The companies likely to advantage the most from the worldwide attain of e-commerce are those who more than one choice

*have already got physical shops, a website, and in-person and online clients worldwide.

*Perform in towns or other regions that accumulate an excessive income tax for or her items or services.

*promote products or services that can be delivered online, inclusive of ebooks or online instructions.

*previously trusted foot site visitors into one physical save to sell their products.

international attain refers to a commercial enterprise initiative to boom the get right of entry to between an agency and their modern and ability customers thru using the internet. The internet allows the corporation to market themselves and entice new clients to their website where they are able to offer product records and higher customer service.

clients can vicinity orders electronically, consequently reducing luxurious long remote cellphone calls and postage prices of placing orders, even saving time on behalf of the purchaser and employer.

A business enterprise striving to achieve international attain ought to offer a code of ethics, an agency shopping policy, extra contact facts, ok product facts, and charges. The website itself has to be multi-lingual, the customer is easy to use and has the capability to secure information.

worldwide e-commerce is the system of promoting products or services online throughout geopolitical borders to customers in foreign nations. compared to local e-commerce, wherein a store most effectively sells within its united states of starting place, international eCommerce lets traders expand into non-native markets and reach new clients.

Learn more about e-commerce here:brainly.com/question/23369154

#SPJ4

3 0
1 year ago
Other questions:
  • g One of the advantages to using common-sized income statements for analysis is _____________________ Group of answer choices a.
    6·1 answer
  • Assuming a FICA tax rate of 7.65% on the first $127,200 in wages, 1.45% on amounts in excess of $127,200, and a federal income t
    14·1 answer
  • Under what circumstances might the autocratic style of management be necessary?
    6·1 answer
  • Every time andres raises his hand, he receives one point. "raising his hand" is considered the:
    11·1 answer
  • An otr® asks a client with impaired balance to dust and polish a bookshelf in standing position without upper-extremity support.
    14·1 answer
  • People with computer skills and strong backgrounds in mathematics and science will have key tools to succeed in the new global e
    10·2 answers
  • On January 1, Year 1, Bell Corp. issued $340,000 of 10-year, 8 percent bonds at their face amount. Interest is payable on Decemb
    11·1 answer
  • The following table shows a simplified consolidated balance sheet for the entire
    8·1 answer
  • Witten Corporation is a service company that measures its output by the number of customers served. The company has provided the
    10·1 answer
  • Classify each job as working more with data, people, or things.
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!