Question
In: Statistics and Probability
Question 3 (10 marks) The data in the table below presents the hourly quantity of production...
Question 3
The data in the table below presents the hourly quantity of production for three lines of production processes over the first 4 days in XYZ Company. Answer the questions based on the Excel Output given below.
|
Day |
Process 1 |
Process 2 |
Process 3 |
|
1 |
33 |
33 |
28 |
|
2 |
30 |
35 |
36 |
|
3 |
28 |
30 |
30 |
|
4 |
29 |
38 |
34 |
ANOVA: Single Factor SUMMARY
|
Groups |
Count |
Sum |
Average |
Variance |
|
Process 1 |
4 |
120 |
30 |
4.66667 |
|
Process 2 |
4 |
136 |
34 |
11.3333 |
|
Process 3 |
4 |
128 |
32 |
13.3333 |
ANOVA
|
Source of Variation |
SS |
df |
MS |
F |
P value |
|
Between Groups |
32 |
? |
? |
? |
|
|
Within Groups |
88 |
? |
? |
||
|
Total |
120 |
11 |
- State the null and alternative hypothesis for single factor ANOVA. (1 mark)
- State the decision rule (α = 0.05).
- Calculate the test statistic.
- Make a decision.
Solutions
orchestra answered 1 year agoRelated Solutions
Question 3: The data in the table below presents the hourly quantity of production for three...
Question 3:
The data in the table below presents the hourly quantity of
production for three lines of production processes over the first 4
days in XYZ Company. Answer the questions based on the Excel Output
given below.
Day
Process 1
Process 2
Process 3
1
33
33
28
2
30
35
36
3
28
30
30
4
29
38
34
ANOVA: Single Factor
SUMMARY
Groups
Count
Sum
Average
Variance
Process 1
4
120
30
4.66667
Process 2
4
136...
The data in the table below presents the hourly quantity of production for three lines of...
The data in the table below presents the hourly quantity of
production for three lines of production processes over the first 4
days in XYZ Company. Answer the questions based on the Excel Output
given below.
Day
Process 1
Process 2
Process 3
1
33
33
28
2
30
35
36
3
28
30
30
4
29
38
34
ANOVA: Single Factor
SUMMARY
Groups
Count
Sum
Average
Variance
Process 1
4
120
30
4.66667
Process 2
4
136
34
11.3333...
The data in the table below presents the hourly quantity of production for three lines of...
The data in the table below presents the hourly quantity of
production for three lines of production processes over the first 4
days in XYZ Company. Answer the questions based on the Excel Output
given below. Day Process 1 Process 2 Process 3 1 33 33 28 2 30 35
36 3 28 30 30 4 29 38 34 ANOVA: Single Factor SUMMARY Groups Count
Sum Average Variance Process 1 4 120 30 4.66667 Process 2 4 136 34
11.3333...
4. (a) The following table presents data on the economy of Macroland. Period Quantity of Labor...
4. (a) The following table presents data on the economy of
Macroland.
Period
Quantity of Labor (L)
Quantity of Capital (K)
Total Output (Y)
1
50
50
200
2
50
60
215
3
50
70
225
4
50
80
230
Calculate Labor productivity for each period.
Calculate output per capital for each period.
Calculate marginal return to capital for each period.
Calculate the growth rate for each period....
Problem 3 (10 marks) Below, you are provided with two years of data on the quantities...
Problem 3
Below, you are provided with two
years of data on the quantities of two goods that the average,
urban family offour consumes and the market price of each. You will
use these data to calculate the Consumer Price Index (CPI) and
inflation rate.
Cheese and Chocolate are two goods
that are consumed in Holland. Many other final goods and services
areconsumed in Holland, but for simplicity, we will assume that
Cheese and Chocolate are the only two final...
QUESTION FOUR (20 Marks) 4.1 Complete Table 4.1 given below showing quantity, fixed cost, variable cost,...
QUESTION FOUR
4.1 Complete Table 4.1 given below showing quantity, fixed cost,
variable cost, total cost and marginal cost.
Quantity
Fixed Cost (R)
Variable Cost (R)
Total Cost (R)
Marginal Cost (R)
0
25
0
(a)
(d)
2
(b)
18
(c)
(g)
4
(e)
31
(f)
(j)
6
(h)
(41)
(i)
4.2 Using examples distinguish between fixed costs and variable
costs.
4.3 Differentiate between marginal cost and marginal
revenue.
4.4 Compare and contrast accounting and economic profits.
The table below shows price and quantity data for a hypothetical economy. Quantity Demanded 2018 Prices...
The table below shows price and quantity data for a
hypothetical economy.
Quantity Demanded
2018
Prices 2017
(base year)
Prices
2018 (current
year)
10 kilograms (kg) coffee
$6/kg
$2/kg
10kg tea
$4/kg
$4/kg
Assume that a typical consumer’s food
basket contains only coffee and tea. Moreover, assume that
consumers are completely indifferent between coffee and tea. If the
official “food inflation rate” for 2018 is calculated using a
Paasche index, the substitution bias is demonstrated by the fact
that the...
The data in the table below assume that with the same quantity of resources, both Australia...
The data in the
table below assume that with the same quantity of resources, both
Australia and Philippines produce food and computers. Australia can
make 1,000 computers or 2,000 units of food a day, and Philippines
can make 200 computers or 1,200 units of food in a day.
Amount Produced of
Each Good per Day per Country
Computers
Food
Australia
1,000
2,000
Philippines
200
1,200
1.
Illustrate the
production possibilities (PPC) for both countries
2.
Which country
has an absolute...
Question No (3) ((minimum 1200 word) (10 Marks) As we all know that today's data on...
Question No (3) ((minimum 1200 word)
As we all know that today's data on unemployment becomes more
comprehensive. Today, the hot issue in this regard is unemployment
and inactivity among youth. Recent evidence suggests that the
unemployment rate among this group is relatively high compare to
the adult population across all countries. What are the main
factors behind that? Why do youths decide to be inactive?
Please help me, i'd really appreciate it!
Access the hourly wage data on the below Excel Data File (Hourly Wage). An economist wants...
Access the hourly wage data on the below Excel Data File (Hourly
Wage). An economist wants to test if the average hourly wage is
less than $28. Assume that the population standard deviation is
$8.
b-1. Find the value of the test statistic. (Negative value
should be indicated by a minus sign. Round intermediate
calculations to at least 4 decimal places and final answer to 2
decimal places.)
Hourly Wage
Education
Experience
Age
Gender
39.00
11
2
40
1
21.02...
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