A survey of 76 commercial airline flights of under 2 hours resulted

Question 3

A survey of 76 commercial airline flights of under 2 hours resulted in a sample average late time for a flight of 2.37 minutes. The population standard deviation was 12 minutes. Construct a 95% confidence interval for the average time that a commercial flight of under 2 hours is late. What is the point estimate? What does the interval tell about whether the average flight is late?

*Round your answers to 2 decimal places, the tolerance is +/-0.01.

* ≤ μ ≤  *
The point estimate is  .

The interval is  . Since zero is in the interval, there is a possibility that, on average, the flights are  .

Question 5

What is the average length of a company’s policy book? Suppose policy books are sampled from 45 medium-sized companies. The average number of pages in the sample books is 213, and the population standard deviation of 48. Use this information to construct a 98% confidence interval to estimate the mean number of pages for the population of medium-sized company policy books.

Round your answers to 2 decimal places, the tolerance is +/-0.01.

 ≤ µ ≤ 

Question 7

A random sample of size 20 is taken, resulting in a sample mean of 15.40 and a sample standard deviation of 2.56. Assume x is normally distributed and use this information and α = .05 to test the following hypotheses.

Round your answer to 2 decimal places, the tolerance is +/-0.01.

Question 8

Alan Bissell, market analyst for City Sound Mart, is analyzing the relation between heavy metal CD sales and the size of the teenage population. He gathers data from six sales districts. Alan’s dependent variable is annual heavy metal CD sales (in $1,000,000’s), and his independent variable is teenage population (in 1,000’s). Regression analysis of the data yielded the following tables.

 

Coefficients

Standard Error

t Statistic

p-value

 

 

 

 

 

 

 

 

 

 

 

 

Intercept

-0.14156   

0.292143

-0.48455   

0.653331

 

x

 0.105195

0.013231

 7.950352

0.001356

 

 

 

 

 

 

 

 

 

 

 

 

Source

df

SS

MS

F

 

Se = 0.237

Regression

1

3.550325

3.550325

63.20809

 

r2 = 0.940483

Residual

4

0.224675

0.056169

 

 

 

Total

5

3.775

 

 

 

 


Alan’s regression model can be written as: __________.

 

y = -0.14156 + 0.105195x

 

y = -0.48455 + 7.950352x

 

y = 0.105195 – 0.14156x

 

y = 0.105195 + 0.14156x

 

= 7.950352 – 0.48455x

A random sample of 84 items is taken, producing a sample mean of 43. The population standard deviation is 5.89. Construct a 90% confidence interval to estimate the population mean.

Round your answers to 2 decimal places, the tolerance is +/-0.01.

  μ  

Question 15

According to the U.S. Bureau of Labor Statistics, the average weekly earnings of a production worker in 1997 were $424.20. Suppose a labor researcher wants to test to determine whether this figure is still accurate today. The researcher randomly selects 55 production workers from across the United States and obtains a representative earnings statement for one week from each. The resulting sample average is $430.75. Assuming a population standard deviation of $33.90, and a 10% level of significance, determine whether the mean weekly earnings of a production worker have changed.

Round your answer to 2 decimal places, the tolerance is +/-0.01.

The value of the test statistic is   and we  .

Question 23

According to HowtoAdvice.com, the average price charged to a customer to have a 12 by 18 wall-to-wall carpet shampoo cleaned is about $50. Suppose that a start-up carpet-cleaning company believes that in the region in which they operate, the average price for this service is higher. To test this hypothesis, the carpet-cleaning company randomly contacts 23 customers who have recently had a 12′ by 18 wall-to-wall carpet shampoo cleaned and asked the customers how much they were charged for the job. Suppose the resulting data are given below and that the population standard deviation price is $3.49. Use a 10% level of significance to test their hypothesis. Assume that such prices are normally distributed in the population. What is the observed value? What is the p-value? What is the decision?

$52

52

54

50

50

51

49

49

54

51

51

48

56

52

52

53

56

52

52

56

57

49

53

 

*Round your answer to 2 decimal places, the tolerance is +/-0.01.
**Round your answer to 4 decimal places, the tolerance is +/-0.0001.

The value of the test statistic is  * and we  .

The p-value is  **. Since this is   than α = 0.10, the decision using the p-value is to  .

Question 33

According to a survey by Runzheimer International, the average cost of a fast-food meal (quarter-pound cheeseburger, large fries, medium soft drink, excluding taxes) in Seattle is $4.82. Suppose this figure was based on a sample of 27 different establishments and the standard deviation was $0.37. Construct a 95% confidence interval for the population mean cost for all fast-food meals in Seattle. Assume the costs of a fast-food meal in Seattle are normally distributed. Using the interval as a guide, is it likely that the population mean is really $4.50? Why or why not?

Round the answers to 4 decimal places.

  μ  

Since 4.50   in the interval, we are 95% confident that μ   4.50.

Question 35

A national beauty salon chain wants to estimate the number of times per year a woman has her hair done at a beauty salon if she uses one at least once a year. The chain’s researcher estimates that, of those women who use a beauty salon at least once a year, the standard deviation of number of times of usage is approximately 6. The national chain wants the estimate to be within one time of the actual mean value. How large a sample should the researcher take to obtain a 98% confidence level?

Round your answer up to the nearest integer.

Sample  .

The tolerance is +/- 1.

Busi 409 midterm exam | Management homework help

BUSI 409 MIDTERM EXAM

1. Financial penalties to punish individuals who engage in or permit improper transgressions are called
a. give or get policies.
b. intermediate sanctions.
c. excess benefit transactions.
d. means to an end.

2. According to Simon’s concept of life stages of an organization, what is the last stage?
a. Produce and sustain
b. Imagine and inspire
c. Ground and grow
d. Review and renew

3. Which assessment tool is meant to determine an organization’s success in accomplishing its mission, or program effectiveness?
a. Cost-benefit analysis
b. Financial ratio approach
c. Outcomes approach
d. Peer analysis

4. Strategic planning is not a substitute for
a. leadership.
b. consulting.
c. organizational meetings.
d. accountability.

5. This concept was developed as a way for businesses to obtain a balanced perspective on performance by combining financial data with other considerations.
A. Financial ratios
b. Balanced scorecard
c. Common indicators
d. Cost-benefit analysis

6. Organizations that are classified as tax-exempt are not required to pay
a. sales tax.
b. property tax.
c. capital gains tax.
d. income tax.
e. all of the above

7. Today’s boards are being exhorted not only to raise money and promote the organization but also to
a. encourage more cooperation between the CEO and the board.
b. be more aggressive in monitoring performance.
c. motivate its members.
d. increase communication levels between the board and the rest of the organization.
8. The term that is defined as the ability to learn as an organization and identify ways to improve, to change in response to client needs, to create new and innovative programs, and to create an environment that is motivating to staff and volunteers is
a. program delivery capacity.
b. adaptive capacity.
c. program expansion capacity.
d. capacity building.

9. According to blended value theorists, value should be thought about as having three components: economic value, social value, and
a. spiritual value.
b. educational value.
c. artistic value.
d. environmental value.

10. According to Collins, this type of leadership exists when the leader has the power to simply make decisions.
a. Legislative leadership
b. Figurehead leadership
c. Executive leadership
d. Charismatic leadership

11. A study conducted by the Corporation for National and Community Service found that of individuals who vol¬unteered in 2005 did not continue their activity in 2006.
a. one fourth
b. one third
c. one half
d. two thirds

12. The importance of this aspect of external activity is growing as government support for many programs has been reduced.
a. Professional associations
b. Executive transitions
c. Employee orientation
d. Fund-raising

13. A is a perspective or a way of seeing and understanding things.
a. grid
b. task behavior
c. transition
d. frame

14. Effective nonprofit leaders are those who are not excessively focused on
a. empowering others.
b. internal management.
c. external relationships.
d. the organization’s mission.

15. This method relates to the actions necessary to implement the strategic plan.
a. Strategic management
b. Operational planning
c. Analytical planning
d. Long-range planning

16. Nonprofits may compete directly with other organizations, nonprofit or for-profit, but also face from all alternative uses for individuals’ time and money.
a. competition-oriented pricing
b. demographic variables
c. generic competition
d. promotions

Without building , organizations cannot grow successful programs to a larger scale, thus limiting their impact.
a. revenue
b. capacity
c. facilities
d. morale

18. One significant risk of resource dependency is actions taken by the nonprofit to alter its goals and activities to satisfy the contributor of funds. This is also called
a. performance measurement.
b. goal displacement.
c. information asymmetry.
d. population ecology.

19. Elected boards are most common in
a. public organizations.
b. member-serving and advocacy organizations.
c. charitable nonprofits.
d. companies headed by a CEO.

20. enables the system to adapt to changing circumstances.
a. Internal dynamics
b. External forces
c. Bureaucracies
d. Feedback

21. Collaborations and mergers between nonprofits whose missions, operational style, constituencies, or geographic proximities are similar are than those with a lesser level of relatedness.
a. less likely to succeed
b. more likely to succeed
c. shorter lived
d. longer lived

22. In a self-perpetuating board, new members are selected by
a. the membership of the organization.
b. the CEO.
c. the existing members of the board.
d. a selection committee.

23. Excess benefit transaction is
a. when a person’s compensation is deemed in excess of the value of his or her services.
b. the responsibility of a board to make sure an organization is complying with law.
c. how an organization keeps costs of benefits reasonable.
d. a model of board-CEO relationship.

24. Discuss the effects of watchdog organizations that proactively examine nonprofit organizations. Are these effects mostly positive or negative? Why?

25. List and describe two (2) of the most common issues in a merger and discuss how a nonprofit might minimize those issues in a merger situation.

initial screening | Mathematics homework help

Question Detail:

1. SeaFair Fashions relies on its sales force of 220 to do an initial screening of all new fashions. The company is presently bringing out a new line of swimwear and has invited

40 salespeople to its Orlando home office. An issue of constant concern to the SeaFair sales office is the volume of orders generated by each salesperson. Last year the overall company average was $417,330 with a standard deviation of $45,285.

  1. What shape do you think the distribution of all possible sample means of 40 will have? Discuss.
  2. Determine the value of the standard deviation of the distribution of the sample mean of all possible samples of size 40.

c. Determine the probability that the sample of 40 will have a sales average less than

$400,000.

  1. How would the answer to part a, b, and c change if the home office brought 60 salespeople to Orlando? Provide the respective answers for this sample size. 
    e. Each year SeaFair invites the sales personnel with sales above the 85th percentile to enjoy a complimentary vacation in Hawaii. Determine the smallest sales level for the salespersonnel who were awarded a trip to Hawaii last year. (Assume the distribution of sales was normally distributed last year).

2

2. Tom Marley and Jennifer Griggs have recently started a marketing research firm in Jacksonville, Florida. They have contacted the Florida Democratic Party with a proposal to do allpolitical polling for the party. Since they have just started their company, the state party chairman is reluctant to sign a contract without some test of their accuracy. He has asked them todo a trial poll in a central Florida county known to have 60% registered Democratic Party voters. The poll itself had many questions. However, for the test of accuracy, only the proportionof registered Democrats was considered. Tom and Jennifer report back that from a random sample of 760 respondents, 395 were registered Democrats.

a.Determine the probability that such a random sample would result in 395 or fewer

Democrats in the sample.

b.Based on your calculations in part a, would you recommend that the Florida Democratic Party (or anyone else for that matter) contract with the Marley/Griggs marketing research firm?Explain your answer.

3

3. Micron Electronics makes personnel computers that are then sold directly over the phone and over the Internet. One of the most critical factors in the success of PC makers is how fastthey can turn their inventory of parts. Faster inventory turns means lower average inventory cost. Recently at a meeting, the VP of manufacturing said that there is no reason to continueoffering hard disk drives that have less than a 2.0 GB storage capacity since only 10% of Micron customers ask for the smaller hard disks. After much discussion and debate about theaccuracy of the VP’s figure, a sample of 100 orders from the past week’s sales was taken. This sample revealed 14 requests for drives with less than 2.0 GB capacity.

a.Determine the probability of finding 14 or more requests for hard disk drives with low storage capacity if the VP’s assertion is correct. Do you believe that the proportion ofcustomers requesting hard drives with low storage capacity is smaller than 0.10? Explain.

b.Suppose a second sample of 100 customers was selected. This sample again yielded 14 requests for less than a 2 GB drive. Combining this sample information with that in part a,what conclusion would you now reach regarding the VP’s 10% claim? Base your answer on probability.

4

4. Agri-Beef, Inc. is a large Midwestern farming operation. The company has been a leader in employing statistical techniques in its business. Recently, John Goldberg, operationsmanager, requested that a random sample of cattle be selected and that these cattle be fed a special diet. The cattle were weighed before the start of the new feeding program and at theend of the feeding program. John wished to estimate the average daily weight gain for cattle on the new feed program. Two hundred cattle were tested,

with the following sample results: X = 1.2 pounds gain per day and S= 0.50 pounds gain per day.

a. Obtain a 95% confidence interval estimate for the true average daily weight gain.

b. Provide a 90% confidence interval estimate for the true average daily weight gain.

c. Discuss the difference between the two estimates found in parts a and b, and indicate the advantages and disadvantages of each.

d. John is considering adopting this new diet. However, the weight gain comes at a price. To feed 200 cows for one month, the diet would cost approximately $1,000 more than theircurrent feed program. If the price of beef on the hoof has been close to $0.20 a pound, would such a program be cost effective for Agri-Beef? Support your answer with calculations and statistical reasoning.

5

  1. A major American pharmaceutical company has randomly sampled 14 customers who have had prescriptions for one of their new pain killing drugs for 2 months. There is concern thatthe drug may elevate the user’s heart rate. Each of the customers in the sample had his or her heart rate measured after using the drug for 1 week. All people in the sample had heart ratesof 55 prior to taking the drug. The following data were recorded for the 14 customers:

50 70 60 70 90 72 50

80 85 55 66 70 80 40

a. Suppose that you have just started working in the marketing department of the pharmaceutical company. You were given the following instructions: “Based on these sample dataconstruct a 90% confidence interval estimate for the true mean heart rate for the company’s drug customers. Interpret the estimate.” (Assume that heart rates are normally distributed.)

b. Referring to your answer in part a, could the estimate be applied to all potential drug customers? Explain why or why not.

c.Refer to your calculations in part a. Was the concern expressed justified? Justify your answer. If you conclude the average heart rate did not increase, determine the probability that asample mean at least as large as the one obtained in your sample could actually have been obtained.

6

6. Arco Manufacturing makes electronic pagers. As part of the company’s quality efforts, the company wishes to estimate the mean number of days the pager is used before repair isneeded. A pilot sample of 40 pagers indicates a sample standard deviation of

200 days. The company wishes its estimate to have a margin of error of no more than 50 days and the confidence level must be 95%.

a.Given this information, how many additional pagers should be sampled?

b.The pilot study was initiated because of the costs involved in sampling. Each

sampled observation costs approximately $10 to obtain. Originally, it was thought that the population’s standard deviation may be as large as 300. Determine the amount of money saved by obtaining the pilot sample.

7. A local radio station is interested in estimating the percentage of a target market that has a favorable impression of its morning show. The marketing department wishes to estimate thisproportion within ±0.03 of the true population value and have a confidence level of 98%. A pilot sample of 40 people was selected, and the proportion in this sample with a favorable impression was 0.45.

a. Based on this information, how many more people must be surveyed?

b.Determine the margin of error in the pilot sample. Assume a confidence level of

98%.

8. Refer to problem 7. Suppose the station managers can’t afford to survey as many people as required and have indicated that the maximum sample size can be 700 people. Assuming that the sample size is cut to 700:

a.Without changing the confidence level, indicate specifically what must be changed and by how much.

b.Without changing the margin of error, indicate specifically what must be changed and by how much.

7

9. Most major airlines allow passengers to carry two pieces of luggage (of a certain maximum size) onto the plane. However, their studies show that the more carry-on baggagepassengers have, the longer it takes the plane to unload and load passengers. One regional airline is considering changing its policy to allow only one carry-on per passenger. Before doingso, the airline decided to collect some data. Specifically, a random sample of 1,000 passengers was selected. Researchers observed the passengers and noted the number of bags eachperson carried on the plane. Out of the 1,000 passengers, 345 had more than one bag.

a. Based on this sample, develop and interpret a 95% confidence interval estimate for the proportion of the traveling population that would have been impacted had the “one-bag” limit been in effect. Discuss your result.

b. The domestic version of Boeing’s 747 has a capacity for 568 passengers.

Determine an interval estimate of the number of passengers you would expect to board the plane with more than one carry-on. Assume the plane is at its passenger capacity.

8

10. A telemarketing company located in Los Angeles has established a guideline stating that the average time for each completed call should be no more than 4 minutes. Recently theoperations manager was concerned that calls were taking too long. The operations manager did not wish to assert that the calls were taking too long if the sample data did not stronglyindicate this. A sample of 12 calls was selected and the following times (in seconds) were recorded.

194 278 302 140 245 234 268 208 302 190 320 255

a.Construct the appropriate null and alternative hypotheses.

b.Based on the sample data, what should the operations manager conclude? Test at the 0.10 significance level using the p-value approach. (Assume that call times are normally distributed.)

c.Suppose you wished to conduct the test in part b using X as the test statistic.

Calculate the critical value of X.

d.Consider your answer to part c. What values of the population mean could have been specified in the null hypothesis so that you would not reject the null hypothesis?

9

  1. A mail-order business prides itself in its ability to fill customers’ orders in 6 calendar days or less on the average. Periodically, the operations manager selects a random sample of customer orders and determines the number of days required to fill their orders. Based upon this sample information, he decides whether the desired standard is being met. He will assumethat the average number of days to fill customer orders is 6 or less unless the data strongly suggest otherwise.

a. Establish the appropriate null and alternative hypotheses.

b. On one occasion where a sample of 40 customers was selected, the average number of days was 6.65, with a sample standard deviation of 1.5 days. Can the operations managerconclude that this mail-order business is achieving its goals? Explain. Use a significance level of 0.025 to answer this question.

Strategic management, 4e (rothaermel) chapter 1 test bank answers

  

1) Executives whose visions and decisions help their companies achieve competitive advantage can be considered strategic leaders.

Answer: TRUE

Explanation: Executives whose vision and decisions enable their organizations to achieve competitive advantage demonstrate strategic leadership.

Difficulty: 1 Easy

Topic: Strategic Approaches to Winning a Sustainable Competitive Advantage

Learning Objective: 02-01 Explain the role of strategic leaders and what they do.

Bloom’s: Remember

AACSB: Knowledge Application

Accessibility: Keyboard Navigation

2) Strategic leaders spend the majority of their time working alone to devise new strategies.

Answer: FALSE

Explanation: Strategic leaders spend 67% of their time in face-to-face meetings. They consider face-to-face meetings most effective in getting their message across and obtaining the information they need.

Difficulty: 2 Medium

Topic: The Strategic Role of Managers in Strategy Formulation and Implementation

Learning Objective: 02-01 Explain the role of strategic leaders and what they do.

Bloom’s: Understand

AACSB: Knowledge Application

Accessibility: Keyboard Navigation

3) An employee lacking some of the innate abilities to be a top-level manager can still become an effective strategic leader through hard work and experience.

Answer: …

ALL ANSWERS AVAILABLE

5 generic strategies – 1 page

Choose any company that you have admired as a consumer and discuss what you believe to be their competitive strategy using the features of the 5 generic strategies presented in your Thompson (2020) text.

What generic strategy is the company using and why? Provide support for your choice of generic strategy from an external scholarly/peer reviewed source and from our week’s coursework (Thompson text).

Additionally, choose a rival company and describe what generic strategy they are using.

What other strategy might the company you selected use to improve their competitive sustainability? Explain why?

Thompson (2020) text attached, look for chapter 5
attached chapter 5 summary PPT, look for page 5,6, 37 and 38

Research topic | Computer Science homework help

 Topic- Journal of Systems and Software 

This is a continuing assignment; you will be using this drop box until you and your faculty mentor approve your topic. 

In a 200-word document, describe your topic. Identify research in the area any models/theories developed in the area. Have you identified a cite problem/gap in this body of knowledge?

Are you considering doing a qualitative, quantitative, mixed method, project, etc., study, identify a possibly population to gather data from.

If you are a CPT student, please include the following as well:
Have you been issued CPT or are currently on CPT? If so what is your CPT code?

If you have a CPT code then:
Post your job description.Upload an official job description on company letterhead. Please copy/paste your current job responsibilities identify how your proposed topic in your discipline relates to the program goals and core courses. 

  • Once your mentor has approved your topic, you will use the below form to add all the components and submit to the school.

Isting evidence related to challenges to the safe and effective care

 

You will perform research and appraisal of existing evidence related to challenges to the safe and effective care of the aging population in the context of global health.  Select an aging population from another country, provide life expectancy, new disease patterns, longer lives, disabilities, cost of aging, health care, work, and the changing role of the family.

Examples: China, England, India, Cuba, RussiaAlaska, Germany, Italy, Iran,  Africa, Saudi Arabia, South America, Central America, Mexico, Pacific Coast Islanders, Japan, France, Haiti, Canada.

 

Minimum 250 words

APA style

More than one  reference allow

acct 6273 final exam 100 points, total. for partial credit, formulas

ACCT 6273
Final Exam
100 points, total.
For partial credit, formulas and work, appropriately labeled, must be shown. There is no partial credit for multiple choice or true/false questions.

1.    Lincoln Company manufactures and sells small electric heaters for homes and offices.  The company’s income statement for the FY2014 is given below:

    Total    Per unit
Sales (30,000 units)    $1,800,000    $60
Less variable expenses    1,440,000    48
Contribution margin    360,000    $12
Less fixed expenses    264,000
Net income    $   96,000

a.    Compute the company’s break-even point in units. [8 points]
   
   
   
   
   
   
   
   
   
   
        Answer____________________
b.    If Lincoln Company increases its price to $100, do you expect the breakeven point in units to be more or less than the number you calculated in question 1a above? Why?

Circle (or highlight) one [1 point]:    More than question 1a        Less than question 1a   

Explain why, but do not use calculations.  [3 points]

   
   
   
   
c.    Confirm your answer to question 1a above by preparing a contribution margin income statement.  [4 points]

d.    Assume that next year management wants the company to earn a minimum profit of $162,000.  How many units  be sold to meet this target profit figure? [3 points]
   
   
   
   
   
   
   
   
   
   
   
    Answer: ____________________
   
   

The following information pertains to the next three questions 2-4.
Fifer Company produces two types of entry doors: the Hollow Core and the Solid Door models. The Company has used direct labor dollars to allocate the overhead cost of $47,450,000.

The company’s CFO, Brian Smythe, has offered the following information regarding the two products:
    Hollow Core    Solid Door
Sales in units    400,000    50,000
       
Sales price per unit    $475.00    $650.00
Direct materials per unit    55.00    130.00
Direct labor cost per unit    75.00    50.00
       
The company has hired you as an outside consultant to review the cost system and make recommendations.  You decide that an Activity Based Cost system should be considered and compile the following information based on conversations with the production manager:

Activity    Cost Driver    Cost
Order Taking    Number of orders    $     500,000
Setups    Number of setups    5,000,000
Machine cost    Number of machine hours    41,950,000
       
The number of transactions for each cost driver is as follows:
Cost Driver    Total    Hollow    Solid
Number of orders    500    100    400
Number of setups    2,500    2,000    500
Number of machine hours    600,000    300,000    300,000


2. Compute the product cost per door (i.e., per unit) using the traditional allocation system based on direct labor dollars [8 points]

                Hollow Core                Solid Door

Product Cost per door        ____________            ____________
3.  Compute the product cost per door (per unit) using activity based costing for each product.     [10 points]

                Hollow Core                Solid Door

Product Cost per door        ____________            ____________
4.  How should Mr. Smythe explain the reasons for any differences observed in your analysis above?     [4 points]

5.    Barker Company produces a single product.  The standard direct costs for the product are as follows:
    Direct materials (4 [email protected] $5/yd.)    $20
    Direct labor (1.5 [email protected] $10/hr.)    $15

During a recent period the company produced 1,200 units of product.  Various costs associated with the production of these units are given below:
    Direct materials purchased (5,000 yds.)    $24,500
    Direct materials used in production    4,700 yds.
    Direct labor cost incurred (1,900 hours)    $18,297

a.    The materials price variance for the period is: [4 points]

Answer: _______________
b.    The materials quantity (or usage) variance for the period is: [4 points]

Answer: ______________
c.    The labor rate variance for the period is: [4 points]

Answer: ______________
d.    The labor efficiency variance for the period is: [4 points]

Answer: ______________
6.    Youngstown Company provides the following standard cost data:

Direct Material (3 gallons @ $5 per gallon)    $15.00
Direct Labor (2 hours @ $12 per hour)    $24.00

During the period, Youngstown Company produced and sold 24,000 units.  Following are the amounts of material and labor used to produce the 24,000 units, and their respective actual costs:

Direct Material:  73,100 gallons at $5.05 per gallon
Direct Labor:      48,000 hours at $12.08 per hour

Circle (or highlight) the correct answer.

a.    The Direct Material price variance was: [3 points]

A) F
B) U
C) 0

b.    The Direct Material usage variance was: [3 points]

A) F
B) U
C) 0

c.    The Direct Labor rate variance was: [3 points]

A) F
B) U
C) 0

d.    The Direct Labor efficiency variance was: [3 points]

A) F
B) U
C) 0
 
7.    Following is Perry Corporation’s original budget for 2013, and their actual results for 2013. [32 points]

        Original Budget
        (100,000 units)
Materials       
    Fabric    100,000 yds @ $5.40/yd    $540,000
    Steel tubing    25,000 lbs @ $12.10/lb    302,500
    Padding    50,000 lbs @ $.50/lb    25,000
Direct Labor       
    Machining    30,000 hrs @ $19/hr    570,000
    Assembly    10,000 hrs @ $11.80/hr    118,000
Overhead       
    Rent        100,000
    Property taxes        10,000
    Other Overhead
    (25% variable)        200,000
Total         $1,865,500

        Actual Results
        (120,000 units)
Materials       
    Fabric    125,000 yds @ $5.50/yd    $687,500
    Steel tubing    32,000 lbs @ $12.20/lb    390,400
    Padding    65,000lbs @ .49/lb    31,850
Direct Labor       
    Machining    35,000 hrs @ $18/hr    630,000
    Assembly    11,000 hrs @ $11.50/hr    126,500
Overhead       
    Rent        96,000
    Property taxes        10,000
    Other Overhead
        210,000
Total         $2,182,250

Using the format on the following page, prepare the flexible budget needed to evaluate Perry Corporation’s performance for 2013, and compute the Flex-Actual Variances.  Show your calculations.
Put your answers to Question 7 here:

    Calculations     Flexible Budget    Actual
(120,000 units)    Flex – Actual
Variances
               
Materials               
    Fabric   
        $687,500   
    Steel tubing   
        390,400   
    Padding   
        31,850   
Direct Labor               
    Machining   
        630,000   
    Assembly   
        126,500   
Overhead               
    Rent   
        96,000   
    Property taxes   
        10,000   
    Other Overhead
    (25% variable)            210,000   
Total       
    $2,182,250   

Parametric and non parametric analyses | RES814 Quantitative Research Methods | Colorado Technical University

 

Part 1

A principal wants to determine if a new ACT preparation program is effective. The data are contained in the schools.sav data file. Open the schools.sav file in SPSS. Use SPSS to determine whether a significant improvement existed between student performance on ACT tests in 1993 (act93) and ACT tests in 1994 (act94). Assume that the same students were involved in 1993 and 1994 testing. (This requires a t-test. Review Chapter 10 of the Green & Salkind text for information on paired t-tests and reporting APA results interpretation and writing.)

Create a report that answers the principal’s question. Write these conclusions in formal APA results format. Include your SPSS output to support your conclusion.

Part 2

A pharmaceutical company wants to determine whether there is a need for a new medication based on the data in the electric.sav file. Specifically, they want to determine whether a person is alive or dead 10 years after a coronary incident and whether that is reflected in a significant difference in the patients’ cholesterol levels (chol58) taken when the event occurred. Use chol58 as a dependent variable and VITAL10 as your independent variable. Complete the following:

  • Analyze these conditions to determine whether there is a significant difference between the cholesterol levels (vital10) of those who are alive 10 years later compared to those who died within 10 years.
  • Include the SPSS output, which validates your conclusion.
  • Write a brief paragraph describing your conclusions.

Refer to Unit 6 in the Green & Salkind text for specific information about SPSS tests and APA results interpretation and writing. Pay attention to the Levene’s test throughout for determining whether the assumption of equal variance was met when you make your final decisions about the analysis.

What conclusion did you reach? Write these conclusions in formal APA results format. Include your SPSS output to support that conclusion.

Part 3

Occasionally, you have 1 independent variable that has 3 or more levels or groups. For a parametric data set, an analysis of variance (ANOVA) is the proper calculation. Use an ANOVA to address the following scenario:

A financial planner is interested in understanding the relationship between the dependent variable of the income level of respondents (rincdol) and the independent variable of their education level (ndegree) from the gss.sav data file. Use SPSS to complete the following:

  • Run an ANOVA to determine the overall conclusion.
  • Use the Bonferroni correction as a post-hoc analysis to determine the relationship of specific levels of degree level to income.
  • Explain the overall conclusions based on the analysis, and describe the relationship(s) between the levels of the degree earned and income.
  • Write your conclusion of the findings based upon the output using proper APA formatting.

Submit both the SPSS output file and your Word summary. (Refer to the Green & Salkind section about a one-way ANOVA for information on APA results interpretation and writing.)