Question
In: Statistics and Probability
Long answer question [5 marks] Winnipeg district sales manager of Far End Inc. a university textbook...
Long answer question [5 marks]
Winnipeg district sales manager of Far End Inc. a university textbook publishing company, claims that the sales representatives makes an average of 40 calls per week on professors. Several representatives say that the estimate is too low. To investigate, a random sample of 28 sales representatives reveals that the mean number of calls made last week was 42 and variance is 4.41.
Conduct an appropriate hypothesis test, at the 5% level of significance to determine if the mean number of calls per salesperson per week is more than 40.
(a) Provide
the hypothesis statement
(b) Calculate
the test statistic value
(c) Determine
the probability value
(d) Provide an interpretation of the P-value (1
Mark)
Solutions
orchestra answered 2 years agoRelated Solutions
Winnipeg district sales manager of Far End Inc. a university textbook publishing company, claims that the...
Winnipeg district sales manager of Far End Inc. a university
textbook publishing company, claims that the sales representatives
makes an average of 40 calls per week on professors. Several
representatives say that the estimate is too low. To investigate, a
random sample of 28 sales representatives reveals that the mean
number of calls made last week was 42 and variance is 4.41. Conduct
an appropriate hypothesis test, at the 5% level of significance to
determine if the mean number of...
Winnipeg district sales manager of Far End Inc. a university textbook publishing company, claims that the...
Winnipeg
district sales manager of Far End Inc. a university textbook
publishing company, claims that the sales representatives makes an
average of 20 calls per week on professors. Several representatives
say that the estimate is too low. To investigate, a random sample
of 28 sales representatives reveals that the mean number of calls
made last week was 44 and variance is 2.41.
Conduct an
appropriate hypothesis test, at the 5% level of significance to
determine if the mean number of...
: The Rocky Mountain district sales manager of Rath Publishing Inc., a college textbook publishing company,...
: The Rocky Mountain district sales manager of Rath Publishing
Inc., a college textbook publishing company, claims that the sales
representatives make an average of 50 sales calls per week on
professors. Several reps say that this estimate is too low. To
investigate, a random sample of 28 sales representatives reveals
that the mean number of calls made last week was 51. The standard
deviation of the sample is 1 calls. Using the 0.05 significance
level, can we conclude that...
The Rocky Mountain district sales manager of Rath Publishing Inc., a college textbook publishing company, claims...
The Rocky Mountain district sales manager of Rath Publishing
Inc., a college textbook publishing company, claims that the sales
representatives make an average of 37 sales calls per week on
professors. Several reps say that this estimate is too low. To
investigate, a random sample of 32 sales representatives reveals
that the mean number of calls made last week was 38. The standard
deviation of the sample is 2.4 calls. Using the .10 significance
level, can we conclude that the...
The Rocky Mountain district sales manager of Rath Publishing Inc., a college textbook publishing company, claims...
The Rocky Mountain district sales manager of Rath Publishing
Inc., a college textbook publishing company, claims that the sales
representatives make an average of 40 sales calls per week on
professors. Several reps say that this estimate is too low. To
investigate, a random sample of 32 sales representatives reveals
that the mean number of calls made last week was 41. The standard
deviation of the sample is 2.9 calls. Using the 0.010 significance
level, can we conclude that the...
Question 3: Textbook Product: Textbook Selling price: $60 Sales in January: 500 Price elasticity: 5 The...
Question 3: Textbook
Product: Textbook
Selling price: $60
Sales in January: 500
Price elasticity: 5
The information above is provided by a bookstore. The store
manager wants to determine if $50 is the profit maximization price
for this textbook. He also provides the following information:
Purchase price from publisher: $40
Question 3.1: Please create a linear
demand curve based on the given information.
[Please type the equation of the linear demand curve]
Question 3.2: Use Excel Solver to find
out...
Question 5. Answer the following problem based on the Corporate Financial Analysis textbook. Your answer should...
Question 5. Answer the following problem based on the
Corporate Financial Analysis textbook. Your answer should be
formatted similarly to Figure 9-12 on page 307 of that textbook.
(25 pts)
The Schroder Corporation must raise
$3 million to finance the construction of a new facility. It plans
to do this by increasing the number of shares of preferred and
common stock and by issuing 10-year corporate bonds with a face
value of $1000 and annual payments at a coupon...
Question A [AR1: 5 Marks] Consider the projects described in the table below: End of Year...
Question A [AR1: 5 Marks]
Consider the projects described in the table below:
End of Year
Project A Cash Flow ($)
Project B Cash Flow ($)
0
$–90,000
$–90,000
1
17,000
0
2
17,000
0
3
17,000
0
4
17,000
0
5
17,000
0
6
17,000
34,000
7
17,000
34,000
8
17,000
34,000
9
17,000
34,000
10
17,000
90,000
Both projects have an appropriate risk adjusted discount rate of
7 percent.
Required:
a.
Calculate the NPV and IRR for both...
Question A [AR1: 5 Marks] Consider the projects described in the table below: End of Year...
Question A [AR1: 5 Marks]
Consider the projects described in the table below:
End of Year
Project A Cash Flow ($)
Project B Cash Flow ($)
0
$–90,000
$–90,000
1
17,000
0
2
17,000
0
3
17,000
0
4
17,000
0
5
17,000
0
6
17,000
34,000
7
17,000
34,000
8
17,000
34,000
9
17,000
34,000
10
17,000
90,000
Both projects have an appropriate risk adjusted discount rate of
7 percent.
Required:
a.
Calculate the NPV and IRR for both...
Question Two (5 marks) Peter Chou is the general manager of Madari Ltd. He believes that...
Question Two Peter Chou is the general manager of
Madari Ltd. He believes that intragroup transactions can be
included within consolidated financial statements as long as the
transaction represents fair value. That is, the value of the
transaction is equivalent to an ‘arm’s length’
transaction.
Required Prepare a persuasive, but concise (no more than 350
words), response to Peter Chou. Mr. Chou is not an accountant so
ensure that your explanation is understandable to a
nonaccountant.
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