Karpoff Kremes (KK) planned to sell 40,000 Kings at $20 each and 20,000 Kweens at $15 each. Actual sales of the former were 45,000 and 25,000 of the latter, at $19 and $16 respectively. What is the quantity variance?
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- please explain how the first two answer are obtainA certain brand of tea bags comes in packages of 5, 10, and 20 sachets, costing $5, $9, and $15 per package, respectively. A store sold 16 packages containing a total of 165 sachets and took in $140. Determine how many packages of each type were sold using the Inverse Method?Previous answer was absolutely incorru
- Following the increase in price of a 250g bag of coffee from £2.35 to £2.65 in a local supermarket, weekly sales of tea increase from 8.5 kg to 11.5 kg. From this we can conclude that:With Panel Data, if we assume that the individual effects vi are not correlated with the regressors Xit (i.e. E(vi|Xit) = 0), which one of the following statements is correct: The Fixed Effects estimator is not consistent. Both the OLS and the Random Effects estimators are not consistent. The OLS estimator is not consistent, but the Random Effects estimator is consistent. The OLS and the Random Effects estimator are consistent. All of the above. None of the abovewhat is an example of a purchases requisition sample? give a sample of purchases reuqisiton
- senior accounting major at Midsouth State University has job offers from four CPA firms. To explore the offers further, she asked a sample of recent trainees how many months each worked for the firm before receiving a raise in salary. The sample information is submitted to Minitab with the following results: Analysis of Variance Source df SS MS F P Factor 3 28.17 9.39 5.37 0.010 Error 15 26.26 1.75 Total 18 54.43 What is the decision rule? (Round your answer to 2 decimal places.) At the 0.05 level of significance, is there a difference in the mean number of months before a raise was granted among the four CPA firms?A 30-team league had HACT = 0.2!6 and a theoretical maximum of HMAX= 0.36 . Calculate the normalised variance and briefly comment on whether the league is more competitive or uncompetitive.A local college is deciding whether to conduct a campus beautification initiative that would involve various projects, such as planting trees and remodeling buildings, to make the campus more aesthetically pleasing. For the students of the college, the visual appearance of the campus is and . Thus, the visual appearance would be classified as a public good. Suppose the college administrators estimate that the beautification initiative will cost $3,900. To decide whether the initiative should be undertaken, administrators conduct a survey of the college's 370 students, asking each of them their willingness to pay for the beautification project. The average willingness to pay, as revealed by the survey, is $13. The benefit of the beautification initiative, as suggested by the survey, is . Because the estimated benefit is than the cost, the college administrators undertake the beautification initiative. The calculation of the benefit of the beautification…
- Question 2 Suppose we are interested in the effect of attending a particular school on students’ income in adulthood. Let malei be a dummy variable which is equal to 1 if student i is male. Translate the following mathematical expression into plain English E(Yi(1) − Yi(0)|malei = 1). Full explain this question and text typing work only We should answer our question within 2 hours takes more time then we will reduce Rating Dont ignore this line .As a manager of a small software retailing company, you are concerned with projected profit next year. While profit can be determined as the difference between sales and maintenance cost, or in symbols, P = S - M, where P is profit, S is sales, and M is maintenance cost including technical support. It is argues that when sales goes up so does maintenance cost because the cost of technical support will go up. Further, it is measured that the correlation between S and M is 0.8. Now given the figure that sales next year is expected to be $300 thousand with standard deviation of $4 thousand and maintenance cost is expected to be $150 thousand with standard deviation of $6 thousand, what would be the expected profit and its standard deviation you will include in your report?Which of the following is true of heteroskedasticity? a) The R-squared statistic is affected by the presence of heteroskedasticity b) Heteroskedasticty causes inconsistency in the Ordinary Least Squares estimators c) The OLS estimators are not the best linear unbiased estimators if heteroskedasticity is present d) It is not possible to obtain F statistics that are robust to heteroskedasticity of an unknown form