STAT 211 Practical Final part 2 M9 (Cauguiran)
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Embry-Riddle Aeronautical University *
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Course
STAT 211
Subject
Marketing
Date
Apr 3, 2024
Type
xlsx
Pages
6
Uploaded by bje6689
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* Note - Error (distance from zero) achieved by converting data to absolute values. Brand X Mean Before:
Brand X Mean After:
67.5
12.8
Put test results table here for Part II of the Final
Compare two different companies or
compare one company vs Hypothesized mean
ACME error before and after maintenance
Altimeter Brand A
Altimeter Brand B
Altimeter Brand C
Altimeter Brand D
Altimeter Brand E
Altimeter Brand F
ACME Altimeter error before adjustment-
calibration
ACME Altimeter error after adjustment-
calibration
Brand X error before and after maintenance
Difference
42
0
42
Mean:
54.7
24
15
9
Deviation:
30.494348
99
12
87
Size:
20
99
27
72
78
18
60
Test stat:
8.0220058
96
4
92
P-value
8.0446E-08
57
2
55
21
12
9
87
6
81
93
16
77
65
18
47
93
9
84
16
18
-2
33
15
18
33
21
12
87
15
72
96
9
87
57
6
51
78
18
60
96
15
81
Brand X Altimeter error before adjustment
-calibration
Brand X Altimeter error after adjustmen
t-
calibration
FINAL PRACTICA
42
0
Part I Questi
24
15
99
12
A)
Describe what you are comparin
99
27
78
18
I will evaluate the altimeter discrep
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4
57
2
B)
State your hypothesis in a senten
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12
87
6
(Your hypothesis does not have to
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16
65
18
Performing adjustment-calibration
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9
16
18
C)
Indicate the appropriate t-test th
33
15
33
21
Because this is a dependent sampl
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15
96
9
D)
State the alpha level.
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6
78
18
α= 0.05 ( 5% )
96
15
FINAL PRACTICAL
State the hypothesis in a sentence (fo
Brand X error before and after maintenance
Brand X Altimeter error before adjustment-
calibration
Brand X Altimeter error after adjustment-
calibration
Your preview ends here
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Related Questions
Candidates
B C
1st place votes
10
20 40
2nd place votes
20
40 10
3rd place votes 40
10
20
What is the score of the winning candidate by Borda Count Method?
a. 164
b. 170
c. 160
d. 150
A
a
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Week
Day
1
2 3 4
Sunday
40
35
39
43
Monday 54 55
Tuesday 61
60
55
51
59
65
64
Wednesday 72
77
78
69
Thursday 89
80
81
79
Friday
91
90
99
95
Saturday
80
82
81
83
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Given the following history, use a three-quarter moving average to forecast the demand for the third quarter of this year. Note that the
1st quarter is January, February, and March; 2nd quarter April, May, June; 3rd quarter July, August, September; and 4th quarter
October, November, December.
Note: Round final answer to a whole number.
Last year
This year
JANUARY
110
135
Forecast for the third quarter
FEBRUARY
130
145
MARCH
140
190
APRIL
180
205
MAY
190
235
JUNE
210
270
JULY
155
AUGUST
145
SEPTEMBER
135
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Year
Quarter
Period
Cost/Unit ($)
1
1
1
$20.00
2
2
$17.23
3
3
$13.39
4
4
$17.94
2
1
5
$20.29
2
6
$25.61
3
7
$22.62
4
8
$29.63
3
1
9
$23.87
2
10
$20.35
3
11
$26.32
4
12
$25.50
4
1
13
$20.90
2
14
$28.48
3
15
$32.65
4
16
$25.78
5
1
17
$28.90
2
18
$32.61
3
19
$28.66
4
20
$25.27
6
1
21
$25.80
2
22
$35.71
3
23
$27.26
4
24
$27.89
7
1
25
$28.50
2
26
$28.64
3
27
$32.52
4
28
$28.24
8
1
29
$37.95
2
30
$28.59
3
31
$37.07
4
32
$38.16
Use simple linear regression analysis to find the estimated parameters for the line that minimizes MSE for this time series. (Round your answers to two decimal places.)
b0= b1=
(c)
What is the average cost increase (in $) that the firm has been realizing per quarter? (Round your answer to two decimal places.)
$
(d)
Compute an estimate of the cost/unit (in $) for the next quarter. (Round your answer to two decimal places.)
$
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Year
Quarter
Period
Cost/Unit ($)
1
1
1
$20.00
2
2
$17.23
3
3
$13.39
4
4
$17.94
2
1
5
$20.29
2
6
$25.61
3
7
$22.62
4
8
$29.63
3
1
9
$23.87
2
10
$20.35
3
11
$26.32
4
12
$25.50
4
1
13
$20.90
2
14
$28.48
3
15
$32.65
4
16
$25.78
5
1
17
$28.90
2
18
$32.61
3
19
$28.66
4
20
$25.27
6
1
21
$25.80
2
22
$35.71
3
23
$27.26
4
24
$27.89
7
1
25
$28.50
2
26
$28.64
3
27
$32.52
4
28
$28.24
8
1
29
$37.95
2
30
$28.59
3
31
$37.07
4
32
$38.16
Construct a time series plot. What type of pattern exists in the data?
The time series plot shows a horizontal pattern.The time series plot shows a nonlinear trend pattern. The time series plot shows an upward trend pattern.The time series plot shows a downward trend pattern.The time series plot shows a seasonal pattern.
(b)
Use simple linear regression analysis to find the estimated parameters for the line that minimizes MSE for this time…
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3.4-14. The Metalco Company desires to blend a new alloy of 40
percent tin, 35 percent zinc, and 25 percent lead from several avail-
able alloys having the following properties:
Alloy
Property
1
2
4
5
Percentage of tin
Percentage of zinc
Percentage of lead
60
25
45
20
50
10
15
45
50
40
30
60
10
30
10
Cost (S/lb)
22
20
25
24
27
The objective is to determine the proportions of these alloys that
should be blended to produce the new alloy at a minimum cost.
(a) Formulate a linear programming model for this problem.
c (b) Solve this model by the simplex method.
3.
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1:47 1
4.3
Unanswered •3 attempts left
87
Х
What would be the tax liability for a single taxpayer
who has a gross income of $55,300 (use the chart
attached and use a standard deduction of $13,850)
(round to the nearest cent) {DO NOT INCLUDE
COMMAS OR $}?
①Numeric answer
Type your response
2023 tax brackets: single filers
Tax rate
Taxable income
bracket
Tax owed
10%
$0 to $11,000.
10% of taxable income.
12%
$11,001 to $44,725.
$1,100 plus 12% of the amount over $11,000.
22%
$44,726 to $95,375.
$5,147 plus 22% of the amount over $44,725.
24%
$95,376 to $182,100.
$16,290 plus 24% of the amount over $95,375.
32%
$182,101 to $231,250.
$37,104 plus 32% of the amount over $182,100.
35%
$231,251 to $578,125.
37%
$578,126 or more.
$52,832 plus 35% of the amount over
$231,250.
$174,238.25 plus 37% of the amount over
$578,125.
Submit
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Q1 Define Law?
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Show your complete solution for A, B, and C.
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Q46.
107. Max Z-3X1+4X2
4X1+2X2≤80
2X1+5X2≤180
Where X1, X2≥0, standard form is
A. Max Z=3X1+ 4X2+0s1+0s2+A1
4X1+2X2-s1=80
2X1+5X2+s2+A1= 180, x1, x2, s1, s2, Al≥0
B. Max Z=3X1+ 4X2+0s1+0s2
4X1+2X2+s1+A1=80
968-848965
2X1+5X2+s2=180, x1, x2, sl, s2, A1 ≥0
C. Max Z=3X1+ 4X2+0s1+0s2
4X1+2X2+s1=80
4
2X1+5X2+s2=180, x1, x2, sl, s2 ≥0
D. Min Z=3X1+ 4X2+0s1+0s2
Ops: A. OA
4X1+2X2+s1= 80
2X1+5X2+s2= 180, x1, x2, sl, s2≥0
B. OB
C. OC
D. OD
arrow_forward
Question 31
When a firm operates in multiple geographic markets simultaneously it is said to be
implementing a product diversification strategy.
OA) True
B) False
Question 32
Multipoint competition exists when two or more diversified firms simultaneously
compete in multiple markets, and multipoint competition can serve to facilitate a
particular type of tacit collusion called mutual forbearance.
A) True
B) False
Question 33
Institutional owners are usually pension funds, mutual funds, insurance companies,
or other groups of investors that have joined together to manage their investments.
OA) True
B) False
arrow_forward
Your company, Drones, INC, must decide on their path forward in regard to new or expanded
facilities for drone production. The table below shows the potential profits/losses for each
decision alternative in each of 4 market conditions (states of nature). Note that the numbers in
red (with a minus sign) are losses. NOTE: I have provided some extra columns and rows for
your computations. NOTE THAT THE OBJECTIVE IS TO MAXIMIZE PROFIT.
STATES OF NATURE FOR POTENTIAL
MARKETS FOR DRONES
DECISION
EXCELLENT GOOD
FAIR
POOR
ALTERNATIVES
OPEN 2 NEW
$600,000
$400,000 -$200,000 -$500,000
PLANTS FOR
PRODUCTION
OPEN 1 NEW
$500,000
$200,000 -$100,000 -$300,000
PLANT FOR
PRODUCTION
EXPAND
$150,000
$75,000
$0
-$100,000
CURRENT
PLANT
DO NOTHING
$0
$0
$0
$0
6.
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10
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12- The DWCBA is most relevant when the society cares about the distribution
the alternative projects under consideration have different scales
most of the costs accrue to one group while most of the benefits are enjoyed by anther
poor people receive low incomes
there is a budget constraint
a
b.
d.
at:
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15-
Salman extends the delivery of goods to buyers for one week due to the lockdown. What type of decision is Salman making?
a.
strategic decision
b.
major decision
c.
long-term decision
d.
operational decision
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Topic:
“What are some causes of rising food prices and the challenges faced by rural farmers in Mt. Royal, Carriacou.”
1. Based on the topic above provide a hypothesis
2. Provide a rationale and purpose of the topic above.
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JurongHealth Case
1) What technologies are used by JurongHealth? What purpose do they serve?
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Q4:
Draw an Inheritance hierarchy for students at a university similar to the hierarchy as shown in the Figure below. (Attached)
Use Student as the superclass of the hierarchy, then extend Student with classes UndergraduateStudent and GraduateStudent. Continue to extend the hierarchy as deep (i.e., as many levels) as possible. For example, Freshman, Sophomore, Junior and Senior might extend UndergraduateStudent. DoctoralStudent and MastersStudent might be subclasses of GraduateStudent. After drawing the hierarchy, discuss the relationships that exist between the classes.
[Note: You do not need to write any code for this question]
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- Candidates B C 1st place votes 10 20 40 2nd place votes 20 40 10 3rd place votes 40 10 20 What is the score of the winning candidate by Borda Count Method? a. 164 b. 170 c. 160 d. 150 A aarrow_forwardWeek Day 1 2 3 4 Sunday 40 35 39 43 Monday 54 55 Tuesday 61 60 55 51 59 65 64 Wednesday 72 77 78 69 Thursday 89 80 81 79 Friday 91 90 99 95 Saturday 80 82 81 83arrow_forwardGiven the following history, use a three-quarter moving average to forecast the demand for the third quarter of this year. Note that the 1st quarter is January, February, and March; 2nd quarter April, May, June; 3rd quarter July, August, September; and 4th quarter October, November, December. Note: Round final answer to a whole number. Last year This year JANUARY 110 135 Forecast for the third quarter FEBRUARY 130 145 MARCH 140 190 APRIL 180 205 MAY 190 235 JUNE 210 270 JULY 155 AUGUST 145 SEPTEMBER 135arrow_forward
- Year Quarter Period Cost/Unit ($) 1 1 1 $20.00 2 2 $17.23 3 3 $13.39 4 4 $17.94 2 1 5 $20.29 2 6 $25.61 3 7 $22.62 4 8 $29.63 3 1 9 $23.87 2 10 $20.35 3 11 $26.32 4 12 $25.50 4 1 13 $20.90 2 14 $28.48 3 15 $32.65 4 16 $25.78 5 1 17 $28.90 2 18 $32.61 3 19 $28.66 4 20 $25.27 6 1 21 $25.80 2 22 $35.71 3 23 $27.26 4 24 $27.89 7 1 25 $28.50 2 26 $28.64 3 27 $32.52 4 28 $28.24 8 1 29 $37.95 2 30 $28.59 3 31 $37.07 4 32 $38.16 Use simple linear regression analysis to find the estimated parameters for the line that minimizes MSE for this time series. (Round your answers to two decimal places.) b0= b1= (c) What is the average cost increase (in $) that the firm has been realizing per quarter? (Round your answer to two decimal places.) $ (d) Compute an estimate of the cost/unit (in $) for the next quarter. (Round your answer to two decimal places.) $arrow_forwardYear Quarter Period Cost/Unit ($) 1 1 1 $20.00 2 2 $17.23 3 3 $13.39 4 4 $17.94 2 1 5 $20.29 2 6 $25.61 3 7 $22.62 4 8 $29.63 3 1 9 $23.87 2 10 $20.35 3 11 $26.32 4 12 $25.50 4 1 13 $20.90 2 14 $28.48 3 15 $32.65 4 16 $25.78 5 1 17 $28.90 2 18 $32.61 3 19 $28.66 4 20 $25.27 6 1 21 $25.80 2 22 $35.71 3 23 $27.26 4 24 $27.89 7 1 25 $28.50 2 26 $28.64 3 27 $32.52 4 28 $28.24 8 1 29 $37.95 2 30 $28.59 3 31 $37.07 4 32 $38.16 Construct a time series plot. What type of pattern exists in the data? The time series plot shows a horizontal pattern.The time series plot shows a nonlinear trend pattern. The time series plot shows an upward trend pattern.The time series plot shows a downward trend pattern.The time series plot shows a seasonal pattern. (b) Use simple linear regression analysis to find the estimated parameters for the line that minimizes MSE for this time…arrow_forward3.4-14. The Metalco Company desires to blend a new alloy of 40 percent tin, 35 percent zinc, and 25 percent lead from several avail- able alloys having the following properties: Alloy Property 1 2 4 5 Percentage of tin Percentage of zinc Percentage of lead 60 25 45 20 50 10 15 45 50 40 30 60 10 30 10 Cost (S/lb) 22 20 25 24 27 The objective is to determine the proportions of these alloys that should be blended to produce the new alloy at a minimum cost. (a) Formulate a linear programming model for this problem. c (b) Solve this model by the simplex method. 3.arrow_forward
- 1:47 1 4.3 Unanswered •3 attempts left 87 Х What would be the tax liability for a single taxpayer who has a gross income of $55,300 (use the chart attached and use a standard deduction of $13,850) (round to the nearest cent) {DO NOT INCLUDE COMMAS OR $}? ①Numeric answer Type your response 2023 tax brackets: single filers Tax rate Taxable income bracket Tax owed 10% $0 to $11,000. 10% of taxable income. 12% $11,001 to $44,725. $1,100 plus 12% of the amount over $11,000. 22% $44,726 to $95,375. $5,147 plus 22% of the amount over $44,725. 24% $95,376 to $182,100. $16,290 plus 24% of the amount over $95,375. 32% $182,101 to $231,250. $37,104 plus 32% of the amount over $182,100. 35% $231,251 to $578,125. 37% $578,126 or more. $52,832 plus 35% of the amount over $231,250. $174,238.25 plus 37% of the amount over $578,125. Submitarrow_forwardQ1 Define Law?arrow_forwardShow your complete solution for A, B, and C.arrow_forward
- Q46. 107. Max Z-3X1+4X2 4X1+2X2≤80 2X1+5X2≤180 Where X1, X2≥0, standard form is A. Max Z=3X1+ 4X2+0s1+0s2+A1 4X1+2X2-s1=80 2X1+5X2+s2+A1= 180, x1, x2, s1, s2, Al≥0 B. Max Z=3X1+ 4X2+0s1+0s2 4X1+2X2+s1+A1=80 968-848965 2X1+5X2+s2=180, x1, x2, sl, s2, A1 ≥0 C. Max Z=3X1+ 4X2+0s1+0s2 4X1+2X2+s1=80 4 2X1+5X2+s2=180, x1, x2, sl, s2 ≥0 D. Min Z=3X1+ 4X2+0s1+0s2 Ops: A. OA 4X1+2X2+s1= 80 2X1+5X2+s2= 180, x1, x2, sl, s2≥0 B. OB C. OC D. ODarrow_forwardQuestion 31 When a firm operates in multiple geographic markets simultaneously it is said to be implementing a product diversification strategy. OA) True B) False Question 32 Multipoint competition exists when two or more diversified firms simultaneously compete in multiple markets, and multipoint competition can serve to facilitate a particular type of tacit collusion called mutual forbearance. A) True B) False Question 33 Institutional owners are usually pension funds, mutual funds, insurance companies, or other groups of investors that have joined together to manage their investments. OA) True B) Falsearrow_forwardYour company, Drones, INC, must decide on their path forward in regard to new or expanded facilities for drone production. The table below shows the potential profits/losses for each decision alternative in each of 4 market conditions (states of nature). Note that the numbers in red (with a minus sign) are losses. NOTE: I have provided some extra columns and rows for your computations. NOTE THAT THE OBJECTIVE IS TO MAXIMIZE PROFIT. STATES OF NATURE FOR POTENTIAL MARKETS FOR DRONES DECISION EXCELLENT GOOD FAIR POOR ALTERNATIVES OPEN 2 NEW $600,000 $400,000 -$200,000 -$500,000 PLANTS FOR PRODUCTION OPEN 1 NEW $500,000 $200,000 -$100,000 -$300,000 PLANT FOR PRODUCTION EXPAND $150,000 $75,000 $0 -$100,000 CURRENT PLANT DO NOTHING $0 $0 $0 $0 6.arrow_forward
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