The calculated value of the Z statistic to test the potential buyer's belief at the 1% significant level is -2.57512627.
The calculated Z score is slightly greater than the critical value of -2.575, the potential buyer's view that weekly store revenues are less than $7,000 stands vindicated.
Since store revenues are assumed to be normally distributed and population standard deviation is given, we can use the Z-test. The relevant test statistic is the Z-score.
We use the following formula for calculating the Z score:
Z = (X - μ) / (σ /√n)
Substituting the relevant values we get,
Z = (6400 -7000) / (1042/√20)
Z = -600 / 232.9982833
Z = -2.57512627
Answer:
He hires 8 workers
Explanation:
The total cost is $1600 for 5,000 chickens minus the fixed cost of $800, which equals $800. The total cost is total of fixed cost and variable cost as in absence of production the total variable cost is zero so from this we can conclude that total fixed cost is zero.
Then divide the total variable cost ($800) buy what Ralph pays his workers ($100), which comes to 8.
Answer:
The cost of units transferred out during the month was:$ 99980
Explanation:
Mundes Corporation
Current Costs Added
Units Transferred Costs $ 90480
Materials =8700 * $ 4.7= $ 40890
Conversion= 8700* $5.70= $ 49590
Costs from Preceding Department (WIP beginning Inventory)= $ 9500
Total Costs= Costs Added + Costs from Preceding Department
= $ 90480+ $ 9500= $ 99980
The Costs of units transferred out is $ 99980
The current costs are added to the preceding costs to get the total costs of the units transferred out.
Answer:
a) Process A is the bottleneck of the process
b) Hourly capacity = 60 / bottlenecktime = 60/25 = 2.4 units / hour
Explanation:
Part 1 is processed at A for 15 minutes and then at B for 10 minutes.
Thus part 1 take 15 + 10 i.e. 25 minutes two complete both processes
Part 2 is processed at C for 20 minutes.
Output from B and C i.e. part 1 and 2 respectively are fed to process D where the time taken to assemble is 15 minutes
Thus looking at the given data,
Part 1 takes longer time i.e. 25 minutes to reach process C compared to part 2 i.e. 20 minutes
So bottleneck occurs at process A and B because it takes maximum time i.e. 25 minutes
a) Process A is the bottleneck of the process
b) Hourly capacity = 60 / bottlenecktime = 60/25 = 2.4 units / hour
Answer:
Answer is explained in the explanation section.
Explanation:
If the wages of the Hispanics construction worker in America are less then, they will not have near as much money to send home to their relatives back in Mexico.
And if their families do not have as much as it use to be then they will not be able to buy near as much as they used to.
It means that if the construction workers don't get as much money as they used to then, neither they nor their families will be able to spend as much as they use to which will obviously hurt each of their economies.
