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 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 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
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 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
|
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 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.
In: Statistics and Probability
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 | 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 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:
In: Statistics and Probability