Questions
6 step hypothesis tests using ANOVA: Levene Test and ANOVA: single factor Info: Concerned about Friday...

6 step hypothesis tests using ANOVA: Levene Test and ANOVA: single factor

Info: Concerned about Friday absences, management examined the number of persons absent for each of the past three Fridays. Does this sample provide sufficient evidence to conclude there is a significant difference in the average number of absences? Use alpha = .05.

Plant 1

Plant 2

Plant 3

Plant 4

19

17

27

22

24

20

32

27

20

16

27

25

In: Statistics and Probability

The Thomas Supply Company Inc. is a distributor of gas-powered generators. As with any business, the...

The Thomas Supply Company Inc. is a distributor of gas-powered generators. As with any business, the length of time customers take to pay their invoices is important. Listed below, arranged from smallest to largest, is the time, in days, for a sample of the Thomas Supply Company Inc. invoices.

13 13 13 20 26 27 27 32 34 34 35 35 36 37 38 41 41 41 42 44 44 47 48 50 51 55 56 62 67 82

(Round your answers to 2 decimal places.)

Determine the first and third quartiles.

Determine the second decile and the eighth decile.

Determine the 67th Percdntile.

In: Statistics and Probability

3. (Revenue Management) Berkeley Bed and Breakfast has 12 rooms, the room price is $200 per...

3. (Revenue Management) Berkeley Bed and Breakfast has 12 rooms, the room price is $200 per night, the marginal cost of cleaning, etc., for having a room occupied is $30, and it costs the B&B $100 to turn away customers who have reservations. Customers with reservations have a 5% chance of canceling, without penalty. Assume there are no walk-ins (all customers reserve in advance). How many reservations should be accepted to maximize the expected profit? (Hint: This will require a little bit of trial and error, and this is not a newsvendor problem.)

In: Statistics and Probability

Adjusting entries for unearned items typically include which of the following related types of accounts:


QUESTION 11

Adjusting entries for unearned items typically include which of the following related types of accounts:



Revenue and Liability accounts



Revenue and Asset accounts



Expense and Liability accounts



Expense and Asset accounts

QUESTION 12

Before making adjusting entries you should:



Close permanent accounts



Prepare a Trial Balance



Close temporary accounts



Prepare a balance sheet

QUESTION 13

To record adjusting journal entries in QuickBooks, select:



Company Center > Journal Entry icon



Accountant Menu > Make General Journal Entries



Banking section of the Home Page > Journal Entry icon



Company section of the Home Page > Journal Entry icon

QUESTION 14

The order of the steps in the accounting cycle includes:



Adjusted Trial Balance, financial reports, adjusting entries, Trial Balance



Adjusted Trial Balance, adjusting entries, financial reports, Trial Balance



Trial Balance, adjusting entries, Adjusted Trial Balance, financial reports



Trial Balance, financial reports, adjusting entries, Adjusted Trial Balance

QUESTION 15

To prepare the Trial Balance, select:



Reports Center > Accountant & Taxes



Company Center > Company & Financials



Reports Center > Company & Financials



Company Center > Accountant & Taxes

QUESTION 16

Adjusting entries for prepaid items typically include which of the following related types of accounts:



Revenue and Liability accounts



Revenue and Asset accounts



Expense and Liability accounts



Expense and Asset accounts

QUESTION 17

Unearned revenue occurs when:



Customers pay after receiving a service



Customers pay in advance of receiving a service



Customers default and do not pay you what is owed



All of the choices are correct

QUESTION 18

To print the Adjusted Trial Balance, select:



Reports Center > Accountant & Taxes



Company Center > Company & Financials



Reports Center > Company & Financials



Company Center > Accountant & Taxes

QUESTION 19

Sales are recorded under cash basis accounting when:



The goods or services are provided regardless of whether the cash is collected from the customers



The bookkeeper has time to record the transactions



The cash is collected from the customers



The costs are incurred to earn the revenue

QUESTION 20

The Trial Balance:



Lists all the company's accounts and ending balances



Is prepared before and after making adjustments



Verifies the accounting system balances



All of the choices are correct

In: Accounting

Jack, age 72, and Sydney, age 60, have been married for 20 years. Jack is unemployed...

Jack, age 72, and Sydney, age 60, have been married for 20 years. Jack is unemployed and Sydney earns $20,000. How much can Jack and Sydney contribute to each of their traditional IRA in 2020 respectively?

Jack can contribute $  

Sydney can contribute $

How will your answers change if Jack is 60 and Sydney is 48 years old now?

Jack can contribute $  

Sydney can contribute $

In: Finance

Above are two readings of systolic and diastolic blood pressures taken from 15 individuals.

male

1st Systolic

1st Diastolic

2nd Systolic

2nd Diastolic

1

132

74

132

82

2

108

70

108

74

3

124

78

134

78

4

116

42

116

48

5

118

76

116

70

6

128

80

128

80

7

132

90

130

92

8

106

64

110

64

female

1

168

46

156

52

2

198

82

192

84

3

110

74

110

76

4

170

94

168

100

5

142

58

140

52

6

168

52

172

54

7

90

32

82

0

Above are two readings of systolic and diastolic blood pressures taken from 15 individuals. Test the hypothesis that there is a significant difference between the first and second readings for systolic blood pressure (both sexes combined), with an α of 0.05. What test would be most appropriate and why? Is the result significant? State your conclusions.

In: Statistics and Probability

The most frequently used measures of central tendency for quantitative data are the mean and the...

The most frequently used measures of central tendency for quantitative data are the mean and the median. The following table shows civil service examination scores from 24 applicants to law enforcement jobs:

83        74        85        79

82        67        78        70

18        93        64        27

93        98        82        78

68        82        83        99

96        62        93        58

Using Excel, find the mean, standard deviation, and 5-number summary of this sample.

  • Construct and paste a box plot depicting the 5-number summary.
  • Does the dataset have outliers? If so, which one(s)?
  • Would you prefer to use the mean or the medianas this dataset’s measure of central tendency? Why?

In: Statistics and Probability

The most frequently used measures of central tendency for quantitative data are the mean and the...

The most frequently used measures of central tendency for quantitative data are the mean and the median. The following table shows civil service examination scores from 24 applicants to law enforcement jobs: 83 74 85 79 82 67 78 70 18 93 64 27 93 98 82 78 68 82 83 99 96 62 93 58 Using Excel, find the mean, standard deviation, and 5-number summary of this sample. Construct and paste a box plot depicting the 5-number summary. Does the dataset have outliers? If so, which one(s)? Would you prefer to use the mean or the medianas this dataset’s measure of central tendency? Why?

In: Statistics and Probability

chap 2 A) Here is a set of sample data 3 12 19 27 29 30...

chap 2

A)

Here is a set of sample data

3 12 19 27 29
30 32 33 34 44
45 49 51 55 56
62 72 74 77 80
82 83 90


Identify the 5 number summary (min, Q1, median, Q3, max)
, , , ,

B)

The five number summary of a dataset was found to be:

46, 51, 55, 59, 70

An observation is considered an outlier if it is below:

An observation is considered an outlier if it is above:

C)

Here is a set of data.

91 121 251 282 298 306 431 489 600 655 664 735 806 815 825 948


Identify the 5 number summary (min, Q1, median, Q3, max)

In: Statistics and Probability

The ages of 30 patients admitted in a certain hospital during a particular week were as...

The ages of 30 patients admitted in a certain hospital during a particular week were as follows:

48, 31, 54, 37, 18, 64, 61, 43, 40, 71, 51, 12, 52, 65, 53,

42, 39, 62, 74, 48, 29, 67, 30, 49, 68, 35, 57, 26, 27, 58

Find:

  1. Mean
  2. Median
  3. Mode
  4. Geometric Mean
  5. Harmonic Mean
  6. Mid Range
  7. Lower Quartile
  8. Upper Quartile
  9. First Decile
  10. Ninth Decile
  11. Fourth Percentile
  12. Ninety Sixth Percentile
  13. Range
  14. Inter Quartile Range
  15. Quartile Deviation
  16. Mean of Absolute Deviations
  17. Variance
  18. Standard Deviation
  19. Coefficient of Range
  20. Coefficient of Quartile Deviation
  21. Coefficient of Variation
  22. Coefficient of Skewness

In: Statistics and Probability