A manufacturing plant bought a new machine to package its product. After some testing, the plant...

A manufacturing plant bought a new machine to package its product. After some testing, the plant supervisor decided that the packages needed about 300 packing peanuts to keep the product safe. She set the new machine to dispense the peanuts into each box but wanted to test to make sure the machine was operating correctly. She ran the machine 20 times and counted the number of packing peanuts dispensed.

The plant conducts a one-mean hypothesis at the 5% significance level, to test if the the mean number of peanuts dispensed is different from 300.

(a) H0:μ=300; Ha:μ≠300, which is a two-tailed test.

(b) Student test scores are given below.

Use Excel to test whether the mean number of peanuts dispensed is different from 300. Identify the test statistic, t, from the output, rounding to two decimal places.

286
291
268
305
321
311
295
341
325
280
295
329
296
340
335
307
325
310
331
291

test statistic = p-value =

Expert Solution

milcah answered 1 year ago

Logan's Company is interested in purchasing a state-of-the-art machinery for its manufacturing plant. This new machine...

Logan's Company is interested in purchasing a state-of-the-art machinery for its manufacturing plant. This new machine will cost $100,000 and will have no salvage value at the end of its 5 year useful life. The projected net cash inflows for the 5 years are $32,000, $57,000, $5,000, $28,000, and $16,000. Logan's Company cost of capital rate is 10%. a.) What is the payback period? Express your answer in 2 places after decimal. b.)What is the net present value of this...

At a local manufacturing plant, employees must complete new machine set ups within 40 minutes. New...

At a local manufacturing plant, employees must complete new machine set ups within 40 minutes. New machine set-up times can be described by a normal model with a mean of 27 minutes and a standard deviation of 5 minutes. a. What percent of new machine set ups take more than 35 minutes? b. The typical worker needs ten minutes to adjust to their surroundings before beginning their duties. What percent of new machine set ups are completed within 30 minutes...

Campbell Corporation is planning to add a new machine to its current plant. There are two...

Campbell Corporation is planning to add a new machine to its current plant. There are two machines it is considering, with cash flows as follows: Machine A 0 1 2 3 4 -10,000 4000 4000 4,000 4000 Machine B 0 1 2 3 -5,000 3,000 3,000 3,000 Which machine should Campbell choose? Assume the cost of capital is 9%.

Coyote Manufacturing bought a machine for $90,000 on April 1, 2018. To install the machine Coyote...

Coyote Manufacturing bought a machine for $90,000 on April 1, 2018. To install the machine Coyote Manufacturing spent $10,000. It was estimated that the useful life be 4 years or 1,000,000 machine-hours. And the residual value at the end of the useful life be $4,000. Number of hours that the machine has been used or will be used are as follows: 2018 2019 2020 2021 2022 70,000 hours 240,000 290,000 230,000 170,000 Instructions: 1. Prepare journal entries for the purchase...

Bernie Ltd is considering the purchase of a new equipment for its manufacturing plant and has...

Bernie Ltd is considering the purchase of a new equipment for its manufacturing plant and has asked you to work out an appropriate discount rate to use when evaluating the project. information about burnie’s current capital structure is as follows: Source of capital. Book value. Market value debts. $1,500,000. $1,600,000 ordinary share capital. $1,800,000. $3,000,000 total. $3,300,000. $3,600,000 to finance the purchase, Bernie can sell 10 year-bonds paying annual coupon interest at a rate of 6%. The bond can be...

Northwood Corp, purchased new equipment to be used in its manufacturing plant. The cost of the...

Northwood Corp, purchased new equipment to be used in its manufacturing plant. The cost of the equipment was $250,000 including $5,000 freight and $12,000 of taxes. In addition to the equipment cost, Northwood paid $10,000 to install the equipment and $7,500 to train its employees to use the equipment. Over the asset's life, Northwood paid $35,000 for repair and maintenance. At the end of five years, Northwood extended the life of the asset by rebuilding the equipment's motors at a...

A company bought a new machine fot $300,000. The new machine generated revenue for $90,000 per...

A company bought a new machine fot $300,000. The new machine generated revenue for $90,000 per year. Operating cost of that machine is $10,000 per year. The machine is depreciated according to 7-years MACRS method. The machine is sold for $80,000 in the middle of 6th year of service. Determine the after tax net present worth. Assume, the after-tax MARR is 10% and income tax rate is 25% (federal and state combined).

Larry Corporation purchased a new precision casting machine for its manufacturing facility. The machine cost $2...

Larry Corporation purchased a new precision casting machine for its manufacturing facility. The machine cost $2 million, and another $150,000 was spent on installation. The machine was placed in service in 2009. The old machine, which was placed in service in 2003, was sold in 2009 to an unrelated party for a $250,000 financial accounting profit. What asset disposition and capital recovery issues do you need to address when removing the old machine from, and placing the new machine on,...

Carson Auto is currently considering whether or not to acquire a new machine for its manufacturing...

Carson Auto is currently considering whether or not to acquire a new machine for its manufacturing operation. The machine costs $700,000 and will be depreciated using straight-line depreciation toward a zero salvage value over the next five years. During the life of the machine, no new capital expenditures or investments in working capital will be required. The new handler is expected to save Carson $250,000 per year before taxes of 30%. Carson's CFO recently estimated the rm's opportunity cost of...

Your firm bought a new sanding machine for its factory floor two years ago for $40,000....

Your firm bought a new sanding machine for its factory floor two years ago for $40,000. The current market value (Year 0) of the machine is $10,000 and you believe that it will last 5 more years (Years 1 - 5). When you're done with the machine, you can sell it for scrap and receive $1,000. However, your firm is now considering buying a more advanced sander for $80,000. The more advanced machine also last 5 more years. The new...

Question