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- A random sample of companies in electric utilities (I), financial services (II), and food processing (III) gave the following information regarding annual profits per employee (units in thousands of dollars). I II III 49.9 55.4 39.2 43.9 25.0 37.5 32.7 41.9 10.1 27.8 29.6 32.6 38.1 39.6 15.7 36.5 42.3 20.5 Find SSTOT, SSBET, and SSW and check that SSTOT = SSBET + SSW. (Use 3 decimal places.) SSTOT = SSBET = SSW = Find d.f.BET, d.f.W, MSBET, and MSW. (Use 3 decimal places for MSBET, and MSW.) dfBET = dfW = MSBET = MSW = Find the value of the sample F statistic. (Use 3 decimal places.) What are the degrees of freedom? Find the P-value of the sample test statistic. Make a summary table for your ANOVA test.Jensen Tire & Auto is in the process of deciding whether to purchase a maintenance contract for its new computer wheel alignment and balancing machine. Managers feel that maintenance expense should be related to usage, and they collected the following information on weekly usage (hours) and annual maintenance expense (in hundreds of dollars). Weekly Usage(hours) AnnualMaintenanceExpense 13 17.0 10 22.0 20 30.0 28 37.0 32 47.0 17 30.5 24 32.5 31 39.0 40 51.5 38 40.0 test statistic is 6.90 Find the p-value. (Round your answer to three decimal places.) p-value = State your conclusion. Reject H0. We conclude that the relationship between weekly usage (hours) and annual maintenance expense (in hundreds of dollars) is significant. Do not reject H0. We conclude that the relationship between weekly usage (hours) and annual maintenance expense (in hundreds of dollars) is significant. Reject H0. We cannot conclude that the relationship between weekly usage…SO what would be the L, Lq, and Wq of this problem? Assuming we are trying to develop and sovle a waiting line system that can accomodate this increased leel of passenger traffic.
- There is some evidence that, in the years 1981-85, a simple name change resulted in a short-term increase in the price of certain business firms' stocks (relative to the prices of similar stocks). (See D. Horsky and P. Swyngedouw, "Does it pay to change your company's name? A stock market perspective," Marketing Science v.6, pp. 320-35,1987.) Suppose that, to test the profitability of name changes in the more recent market (the past five years), we analyze the stock prices of a large sample of corporations shortly after they changed names, and we find that the mean relative increase in stock price was about 0.87 %, with a standard deviation of 16 %. Suppose that this mean and standard deviation apply to the population of all companies that changed names during the past five years. Complete the following statements about the distribution of relative increases in stock price for all companies that changed names during the past five years. (a) According to Chebyshev's theorem, at least…The estimated model was Theft = β0 + β1caught + β2penalty + β3gender + β4Income + β5Edu Provide an explanation of the expected signs of each of the coefficients, referring to relevant economic theory.If a study determines the difference in average salary for subpopulations of people with blue eyes and people with brown eyes is NOT significant, then the populations of blue-eyed people and brown-eyed people are ________ different salaries. a) unlikely to have b) very unlikely to have c) guaranteed to have d) guaranteed to not have
- Data on the 4000 largest mutual funds shows which funds provided a high 5-year return and a high 10-year return. Of the 4000 mutualfunds surveyed, 3000 funds had a high 5-year return, 2000 had a high 10-yearreturn, and 1500 had both a high 5-year return and a high 10-year return Given that a mutual fund had a high 5-year return, what is theprobability of a mutual fund having a high 10-year return?The UWI Open Campus has commissioned a study to determine how student will perform in ECON3080 based on the hours of studying each semester. Students are separated by gender and the results of the study are given below: Males Females Hours Studying ECON3080 Grade Hours Studying ECON3080 Grade 377 92 182 51 280 100 99 41 187 99 44 38 225 62 387 90 157 91 200 75 280 99 331 48 80 32 263 78 374 88 377 93 141 59 297 49 385 72 229 88 238 30 254 80 105 94 347 80 180 53 119 55 288 48 142 67 241 96 293 45 72 57 318 36 314 82 319 94 196 81 60 60 209 79 319 42 306 79 184 81 167 51 193 56 380 44 239 34 389 88 144 49 122 49 97 100 354 76 337 33 327 94 330 78 181 70 157 57 349 66 262 43 117 35…Assume that the payoff table provides cost rather than profit payoffs. What is the recommended decision using: Optimistic, Conservative, Minmax Regret, And Laplace Method
- 1. A company needs to locate a distribution facility somewhere between the source of raw materials in Los Angeles, CA and the market for the product in Chicago, IL. Using Hoover's Transport Curves Theory and the information below, which city should the ditribution center be located in? Inbound costs Outbound costs Las Vegas, NV $ 3,000,000 $ 39,000,000 Denver, CO $ 15,000,000 $ 34,000,000 Des Moines, IA $ 22,000,000 $ 18,000,000 Rockford, IL $ 37,000,000 $ 6,000,000 A. Las Vegas, NV B. Des Moines, IA C. Rockford, IL D. Denver, COIn an article in Accounting and Business Research, Beattie and Jones investigate the use and abuse of graphic presentations in the annual reports of United Kingdom firms. The authors found that 65 percent of the sampled companies graph at least one key financial variable, but that 30 percent of the graphics are materially distorted (nonzero vertical axis, exaggerated trend, or the like). Results for U.S. firms have been found to be similar. (a) Suppose that in a random sample of 451 graphics from the annual reports of United Kingdom firms, 146 of the graphics are found to be distorted. Find a point estimate of and a 95 percent confidence interval for the proportion of all U.K. annual report graphics that are distorted. (Round your answers to 4 decimal places.) (b) Based on this interval, can we be 95 percent confident that more than 25 percent of all graphics appearing in the annual reports of U.K. firms are distorted? Does this suggest that auditors should understand proper…The manager of Young Corporation, wants to determine whether or not the type of work schedule for her employees has any effect on their productivity. She has selected 15 production employees at random and then randomly assigned 5 employees to each of the proposed work schedule. The following table shows the units of production(per week) under each of the work schedules. Work schedule (Treatments) Work schedule 1 Work schedule 2 Work schedule 3 50 60 70 60 65 75 70 66 55 40 54 40 45 57 55 1.State the null and alternative hypotheses to determine if there is a significant difference in the mean weekly units of production for the three types of work schedule. 2.Compute the sum of…