Please assist with the following question:
A home theater in a box is the easiest and cheapest way to provide surround sound for a home entertainment center. A sample of prices is shown here (Consumer Reports Buying Guide, 2004). The prices are for models with a DVD player and for models with a DVD player.
|
Existing Homes |
315.5 |
202.5 |
140.2 |
181.3 |
470.2 |
169.9 |
112.8 |
230.0 |
177.5 |
|
New Homes |
275.9 |
350.2 |
195.8 |
525.0 |
225.3 |
215.5 |
175.0 |
149.5 |
1
|
Models with DVD Player |
Price |
Models without DVD Player |
Price |
|
Sony HT-1800DP |
$450 |
Pioneer HTP-230 |
$300 |
|
Pioneer HTD-330DV |
300 |
Sony HT-DDW750 |
300 |
|
Sony HT-C800DP |
400 |
Kenwood HTB-306 |
360 |
|
Panasonic SC-HT900 |
500 |
RCA RT-2600 |
290 |
|
Panasonic SC-MTI |
400 |
Kenwood HTB-206 |
300 |
Compute the mean price for models with a DVD player and the mean price for models without a DVD player. What is the additional price paid to have a DVD player included in a home theater unit?
Compute the range, variance, and standard deviation for the two samples. What does this information tell you about the prices for models with and without a DVD player?
MLB Salaries:
| Player | Phillies | Dodgers | Rays | Red Sox |
| 1 | 14250 | 19000 | 6000 | 14000 |
| 2 | 10000 | 15730 | 5375 | 13000 |
| 3 | 8583 | 15217 | 3898 | 12500 |
| 4 | 8000 | 14727 | 3785 | 10442 |
| 5 | 7958 | 10000 | 2875 | 10167 |
| 6 | 7786 | 9517 | 2750 | 9250 |
| 7 | 6350 | 9250 | 2400 | 8333 |
| 8 | 6000 | 9000 | 2300 | 8000 |
| 9 | 5500 | 8000 | 2250 | 6000 |
| 10 | 5000 | 7500 | 1600 | 5083 |
| 11 | 3250 | 7433 | 1275 | 4000 |
| 12 | 3000 | 2000 | 1000 | 3850 |
| 13 | 2400 | 1925 | 800 | 3000 |
| 14 | 1700 | 1115 | 417 | 3000 |
| 15 | 900 | 600 | 413 | 2000 |
| 16 | 900 | 500 | 412 | 1275 |
| 17 | 600 | 454 | 412 | 840 |
| 18 | 500 | 425 | 405 | 835 |
| 19 | 480 | 415 | 401 | 800 |
| 20 | 445 | 411 | 401 | 775 |
| 21 | 440 | 406 | 400 | 457 |
| 22 | 425 | 400 | 398 | 422 |
| 23 | 420 | 393 | 397 | 421 |
| 24 | 415 | 393 | 396 | 406 |
| 25 | 395 | 392 | 396 | 405 |
| 26 | 393 | 390 | 396 | 403 |
| 27 | 390 | 390 | 392 | 400 |
| 28 | 390 | 390 | 390 | 396 |
In: Economics
A movie theater company wants to see if there is a difference in the average movie ticket sales in San Diego and Portland per week. They sample 20 sales from San Diego and 20 sales from Portland over a week. Test the claim using a 5% level of significance. Assume the variances are unequal and that movie sales are normally distributed.
|
San Diego |
Portland |
|
234 |
211 |
|
221 |
214 |
|
202 |
228 |
|
214 |
222 |
|
228 |
218 |
|
244 |
216 |
|
182 |
222 |
|
245 |
220 |
|
215 |
228 |
|
233 |
224 |
|
227 |
234 |
|
217 |
219 |
|
219 |
226 |
|
234 |
226 |
|
255 |
219 |
|
235 |
228 |
|
211 |
212 |
|
248 |
216 |
|
232 |
217 |
|
233 |
214 |
Choose the correct decision and summary based on the p-value.
Do not reject H0. There is evidence that the average movie ticket sales in San Diego and Portland per week differ.
Reject H0. There is no evidence that the average movie ticket sales in San Diego and Portland per week differ.
Reject H0. There is evidence that the average movie ticket sales in San Diego and Portland per week differ.
Do not reject H0. There is no evidence that the average movie ticket sales in San Diego and Portland per week differ.
In: Statistics and Probability
Question 1:- A potential investor collected attendance data over a period of 49 days at the North Mall and South Mall theaters in order to determine the difference between the average daily attendances. The North Mall Theater averaged 720 patrons per day with a variance of 100, while the South Mall Theater averaged 700 patrons per day with a variance of 96. Develop an interval estimate for the difference between the average daily attendances at the two theaters. Use a confidence coefficient of 0.95.
Question 2:-Zip, Inc. manufactures Zip drives on two different manufacturing processes. Because the management of this company is interested in determining if process 1 takes less manufacturing time, they selected independent random samples from each process. The results of the samples are shown below. (20 points)
Process 1 Process 2
Sample size 27 22
Sample mean (in minutes) 10 14
Sample variance 16 25
Question 3:-
Shown below is a portion of computer output for a regression analysis relating to Y (dependent variable) and X (independent variable). (20 points)
ANOVA
df SS
Regression 1 115.064
Residual 13 82.936
Total
Coefficients Standard Error
Intercept 15.532 1.457
x -1.106 0.261
a. Perform a t-test using the p-value approach and determine whether x and y are related. Let α = .05.
b. Using the p-value approach, perform an F test, and determine whether x and y are related.
c. Compute the coefficient of determination and fully interpret its meaning. Be specific.
In: Statistics and Probability
Question 1:- A potential investor collected attendance data over a period of 49 days at the North Mall and South Mall theaters in order to determine the difference between the average daily attendances. The North Mall Theater averaged 720 patrons per day with a variance of 100, while the South Mall Theater averaged 700 patrons per day with a variance of 96. Develop an interval estimate for the difference between the average daily attendances at the two theaters. Use a confidence coefficient of 0.95.
Question 2:-Zip, Inc. manufactures Zip drives on two different manufacturing processes. Because the management of this company is interested in determining if process 1 takes less manufacturing time, they selected independent random samples from each process. The results of the samples are shown below. (20 points)
Process 1 Process 2
Sample size 27 22
Sample mean (in minutes) 10 14
Sample variance 16 25
Question 3:-
Shown below is a portion of computer output for a regression analysis relating to Y (dependent variable) and X (independent variable). (20 points)
ANOVA
df SS
Regression 1 115.064
Residual 13 82.936
Total
Coefficients Standard Error
Intercept 15.532 1.457
x -1.106 0.261
a. Perform a t-test using the p-value approach and determine whether x and y are related. Let α = .05.
b. Using the p-value approach, perform an F test, and determine whether x and y are related.
c. Compute the coefficient of determination and fully interpret its meaning. Be specific.
In: Statistics and Probability
1. Value Invest inc is considering purchasing a parcel of wilderness land near a popular historic site. Although this land will cost Value Invest $400,000 today, Value Invest expects to make $35,000 at the end of each year indefinitely by renting out wilderness campsites on this land. If the appropriate discount rate is 8%, then the NPV of this new wilderness land project is closest to: A) $50,000 B) -$37,500 C) -$50,000 D) $37,500
2. Consider stocks and corporate bonds of Selfie Inc. Selfie's stock and bond price were equal to €30 and €70 at the start of 2017 and increased in value to €50 (Selfie stock) and €75 (Selfie bond) at the end of 2017. Selfie paid a coupon of €5 over 2017 and a dividend of €10. Which statement is TRUE? A) Selfie's total stock return falls below Selfie's total bond return over 2017. B) The stock's capital gain rate exceeds the bond's capital gain rate over 2017. C) Selfie's dividend yield is equal to 40%. D) The bond's yield to maturity increased over 2017.
In: Finance
An online retailer of small gifts orders products from a number of suppliers, stores them, packs them to customers’ orders, and then dispatches them using a distribution company. Although broadly successful, the business is very keen to reduce its operating costs. A number of suggestions have been made to do this. There are as follows:
If the online retailer dispatches two million items every year and if the cost of holding inventory is 9% of its value, how much cost will each suggestion save the company? State the total savings.
In: Operations Management
An online retailer of small gifts orders products from a number of suppliers, stores them, packs them to customers’ orders, and then dispatches them using a distribution company. Although broadly successful, the business is very keen to reduce its operating costs. A number of suggestions have been made to do this. There are as follows:
Quality: Make each packer responsible for his or her own quality. This could potentially reduce the percentage of mis-packed items from 0.5% to near zero. Repacking an item that has been mis-packed costs RM1 per item.
Speed: Negotiate with suppliers to ensure that they respond to delivery requests faster. It is estimated that this would cut the value of inventories held by the retailer by RM200,000.
Dependability: Institute a simple control system that would give early warning if the total number of orders that should be dispatched by the end of the day actually is dispatched in time. Currently 2% of orders is not packed by the end of the day and therefore has to be sent by express courier the following day. This costs an extra RM1 per item.
If the online retailer dispatches two million items every year and if the cost of holding inventory is 9% of its value, how much cost will each suggestion save the company? State the total savings
In: Operations Management
Distinguish between the remote and near environments. How do each support the strategic planning process?
Distinguish between the remote and near environments. How do each support the strategic planning process?
In: Economics
Lincoln Park Zoo in Chicago is considering a renovation that will improve some physical facilities at a cost of $1,800,000. Addition of new species will cost another $310,000. Additional maintenance, food, and animal care and replacement will cost $145,000 in the 1st year, increasing by 3 % each year thereafter. The zoo has been in operation since 1868 and is expected to continue indefinitely; however, it is common to use a 20-year planning horizon on all new investments. Salvage value on facilities after 20 years will be 40 % of initial cost. Interest is 7 %. An estimated 1.5 million visits per year are made to the zoo, and the cost remains free year-round. How much additional benefit per visit, on average, must the visitors perceive to justify the renovation? ..............$
Carry all interim calculations to 5 decimal places and then round your final answer to 2 decimal places. The tolerance is ±0.01.
In: Economics
1. PepsiCo, near the top of Table 2-5 in the chapter, is a
company that provides
comprehensive financial statements. Go to finance.yahoo.com. In the
box next to
“Get Quotes,” type in its ticker symbol PEP and click.
2. Scroll all the way down to “Financials” and click on “Income
Statement.” Compute
the annual percentage change between the three years for the
following:
a. Total revenue.(PLEASE SHOW ALL WORK AS TO HOW YOU ARRIVED AT THE
ANSWER)
b. Net income applicable to common shares.(PLEASE SHOW ALL WORK AS
TO HOW YOU ARRIVED AT THE ANSWER)
3. Now click on “Balance Sheet” and compute the annual percentage
change
between the three years for the following: (PLEASE SHOW ALL WORK AS
TO HOW YOU ARRIVED AT THE ANSWER)
a. Total assets.(PLEASE SHOW ALL WORK AS TO HOW YOU ARRIVED AT THE
ANSWER)
b. Total liabilities.(PLEASE SHOW ALL WORK AS TO HOW YOU ARRIVED AT
THE ANSWER)
4. Write a one-paragraph summary of how the company is doing.
TO FIND THE DATA:
1. PepsiCo, near the top of Table 2-5 in the chapter, is a
company that provides
comprehensive financial statements. Go to finance.yahoo.com. In the
box next to
“Get Quotes,” type in its ticker symbol PEP and click.
2. Scroll all the way down to “Financials” and click on “Income
Statement.” Compute
the annual percentage change between the three years for the
following:
In: Finance