16. A pharmaceutical manufacturer does a chemical analysis to
check the potency of products. The standard...
16. A pharmaceutical manufacturer does a chemical analysis to
check the potency of products. The standard release potency for
cephalothin crystals is 910. An assay of 16 lots gives the
following potency data:
Example 1
A pharmaceutical manufacturer does a chemical analysis to check the
potency of products. The standard release potency for cephalothin
crystals is 910. An assay of 16 lots gives the following potency
data:
897 914 913 906 916 918 905 921 918 906 895 893 908 906 907
901
Assume the population standard deviation is 8 units. Test the
hypothesis that the population mean potency is different from the
standard release potency.
(1) Define the population quantity of interest...
Could this be solved without excel?
Acme Chemical, Inc. is a major manufacturer of chemical products
for the agricultural industry, including pesticides, herbicides and
other compounds. Due to a number of law suits related to toxic
wastes, Acme Chemical has recently experienced a market
re-evaluation of its common stock. The firm also has a bond issue
outstanding with 10 years to maturity and an annual coupon rate of
5 percent, with interest paid semi annually. The required nominal
market annual...
Question 2:
Sama Company is a contract manufacturer for a variety of
pharmaceutical and over-the-counter products. It has a reputation
for operational excellence and boasts a normal spoilage rate of 2%
of normal input. Normal spoilage is recognized during the budgeting
process and is classified as a component of manufacturing overhead
when determining the overhead rate. Lynn Sanger, one of Flextron’s
quality control managers, obtains the following information for Job
No. M102, an order from a consumer products company. The...
Glasgow Company is a manufacturer of chemical products and
minerals/vitamin supplements. The company was founded in 1999. and
is capable of performing all manufacturing, marketing, and sales
functions. Its products are sold in United States and some other
countries, including Japan, Korea and New Zealand.
Glasgow supplies its products either in pwerder form, or in the
form of tablets. Upon receiving an order, the company creates a job
cost sheet to accumulate costs from different sources such as
materials, labor,...
Case Analysis:
Valeant Pharmaceuticals is a specialty drug manufacturer
operating in the fast-cycle pharmaceutical industry. In this
business, size often matters and Valeant, along with most of the
major players in the industry, has aggressively utilized mergers
and acquisitions to acquire R&D capabilities and other key
strategic resources, create synergies, capture market share, and
use acquired legacy products to support future growth. Valeant’s
2010 merger with Biovail Corp was designed with all of these
benefits in mind. To develop an...
In problem 23P in Chapter 4 of Quantitative Chemical Analysis
the answer says that the standard deviations for the two
measurement methods are different. But if I apply the the F test I
find that the standard deviations for the two measurement methods
are not statistically different at the 95 % confidence level for
the cases of both rainwater and drinking water. For rainwater the
value of Fcalc = 2.56 and the F table gives 4.53 so the standard
deviations...
Plano Products manufactures a wide variety of chemical compounds
and liquids for industrial uses. The standard mix for producing a
single batch of 100 liters of its biggest selling product is as
follows. Input Quantity Cost Total Chemical (in liters) (per liter)
Cost Chem-A 22 $ 13 $ 286 Chem-B 62 14 868 Chem-C 41 20 820 125 $
1,974 There is a standard 20 percent loss in liquid volume during
processing due to evaporation. The finished liquid is put...
Standard Costing & Variance Analysis
Delic plc. is a manufacturer of cakes that makes a wide range of
cakes. It operates a standard marginal cost accounting system.
Given below, is information relating to one of its products, i.e.
birthday cakes, which are made in one of the company
departments:
Birthday cakes
Standard marginal product cost
per unit ($)
Direct material
(6 kgs at $4 per kg)
24
Direct labour
(1 hour at $7 per hour)
7
Variable production overhead
3...
3. Nestlé is a manufacturer of dairy products. His
administration conducted an analysis of the chocolate division. As
part of this analysis, it has been determined that personal income,
sales prices and advertising expenses are the three main variables
that affect the demand for chocolates. It has been estimated that
the income arc elasticity for chocolates is 1.5 and that the arc
price elasticity of demand is -2.0, as well as the arc elasticity
of advertising is .8
a) Using...
A manufacturing assembly line does a quality check by sampling
200 of its products. It finds that 80 of the parts are
defective.
What are n, x and p’ ? (Round p’ to 2 decimal places)
Define the random variable of p’ using the notation: Round
mean and standard deviation to 2 decimal places.
Create a 95% confidence interval for the proportion of
defective parts for the company. Also find the width of the CI.
(Round upper and lower bounds...