To better to assess your willingness-to-pay for advertising on others’ websites, you want to learn the mean profit per visit for all visits to your website. To accomplish this, you have collected a random sample of 50 visits to your website over the past 6 months. This sample includes information on visit duration and profits.

Let the null hypothesis be the mean profit per visit for all of your visitors be $11.50. (a) Calculate the corresponding t-stat for this null hypothesis. (b) Calculate the corresponding p-value for this null hypothesis. (c)With strength of 95% decide whether or not to reject this null hypothesis. (d) Detail the reasoning behind your decision.

**Include excel details, if possible.**

ABC Firm produces two products.  Product A is a high-end product that requires more direct labour and better materials. Product A sells for $150 per unit.  Product B is sold in vast quantities and is made in huge production runs. Product B sells for $60 per unit.  At the beginning of 2016, ABC made the following estimations and at the end of the year, the following actual amounts were recorded.

                                                        Estimates                               Actuals    

              Sales of Product A                   6,000 units                          6,150 units

              Sales of Product B                  82,300 units                        81,400 units

              Direct labour hours                31,890                                 33,480

              Machine hours                      177,030                               166,600

              Direct labour                      $732,340                             $792,310

              Direct materials                    863,620                               858,200

              Overhead                           1,457,000                            1,491,200

Resource usage for the two products per unit is:

                                                               Product A                           Product B

              DL hours                                         1.2                                         .3

              Machine hours                                   .7                                       2.1

              DL$                                             $42.50                                   $5.80

              DM$                                              15.00                                     9.40

1. Assume that overhead is applied on the basis of DL hours.  Compute the cost per unit and the gross margin per unit for each product.
2. Assume that overhead is applied on the basis of machine hours. Compute the cost per unit and the gross margin per unit for each product.
3. Compute overhead over or under applied for each overhead application base.

Create a Home Page using HTML and CSS

Part 1

• Contain an image or logo about your website.

• Must contain three navigation links. Home link. Registration link. Animations link.

• Footer will contain links to web pages to any other site you wish (just be outside your webpage, like YouTube,etc.) Open links in new tab, not current tab.

Create a Registration page:

• Registration Fields:

1) User Name - Input Text

2) Password - Input Password

3) Repeat Password - Input Password

4) First Name - Input Text

5) Last Name - Input Text

6) Address line 1 - Input Text

7) Address line 2 - Input Text

8) City - Input Text

9) State - Drop Down of Options

10) Zip Code - Input Text

11) Phone Number - Input Text

12) Email - Input Text

13) Gender - Radio buttons

14) Marital Status - Radio buttons

15) Date of Birth - Input Text, must have a calendar pop up (date picker)

16) Submit Button - Form submit button

17) Reset Button - Clears form fields to default settings (normally empty)

Create an Animation page:

• Use CSS3 animations to make an animation that matches your web site theme.

Part 2

• Add client side HTML5 and JavaScript form validation for user input

• Validation Rules for Registration Fields (do not change the input types from Project 1, these validation character lengths are going to be the database column sizes, so for radio/drop down options, just do not give the user a value under/over the limit):
1) User Name

a. Required Field

b. Max length 50 characters, minimum length 6 characters

2) Password

a. Required Field

b. Max length 50 characters, minimum length 8 characters

c. Enforce 1 capital, 1 lowercase, 1 digit, 1 special character

3) Repeat Password

a. Required Field

b. Max length 50 characters, minimum length 8 characters

c. Enforce 1 capital, 1 lowercase, 1 digit, 1 special character

d. Ensure password fields match

4) First Name

a. Required Field

b. Max length 50 characters

5) Last Name

a. Required Field

b. Max length 50 characters

6) Address line 1

a. Required Field

b. Max length 100 characters

7) Address line 2

a. Optional Field

b. Max length 100 characters

8) City

a. Required Field

b. Max length 50 characters

9) State

a. Required Field

b. Max length 52 characters

10) Zip Code

a. Required Field

b. Max length 10 characters, minimum length 5 digits

c. Use jQuery/JavaScript to dynamically adjust user input to match either xxxxx or xxxxx-xxxx format (this should be done either as the user is typing or after leaving the field)

11) Phone Number

a. Required Field

b. Max length 12 characters

c. Use jQuery/JavaScript to dynamically adjust user input to match xxx-xxx-xxxx (this should be done either as the user is typing or after leaving the field)
format

12) Email

a. Required Field

b. Email format, [email protected] format, where x is a placeholder for valid alphanumeric characters

13) Gender

a. Required Field

b. Max length 50 characters

14) Marital Status

a. Required Field

b. Max length 50 characters

15) Date of Birth

a. Required Field

b. MM/dd/yyyy format

16) Submit Button

a. Submits valid user data only

17) Reset Button

a. Resets all fields to default value (empty, for most fields)

4. A private-label bottler of soft drinks asks each of 60 members of a tasting panel (who are regarded as a random sample from millions of potential customers) to rate each of two possible formulations of a cola drink on a 100-point scale; higher scores are desirable. Formulation G is less expensive and will be used unless there is a clear evidence that formulation R is preferred. From the data, the bottler obtains the difference (R-G) in the ratings for each panelist. After conducting appropriate statistical tests on the mean of the differences in the ratings, the management of the private-label bottler concluded that the difference in the ratings is negligible. Consequently, they have decided to use formulation G which is less expensive. The data on the panelist’s ratings they have used is in the Excel data file named ‘Cola Ratings’. Using the same data and at 10% level of significance, please conduct the test you think the management’s decision must have been based on. Based on your results, do you agree with the management’s conclusion? Does your conclusion change at 5% level of significance?

Q11. Economan has been infected by the free enterprise bug. He invests in some equipment to do research and publish results. He sets up and runs a firm that studies extraterrestrial genetic studies. For a one-year period the rent of the building is $10,000, the cost of two secretaries is $100,000 total, and the cost of utilities comes to $20,000. There is demand for the services and the revenues total $230,000 for the year. In order to run the business Economan gave up a chance to earn $110,000 in a job at the local Space Agency. In addition, he estimates that instead of investing in his business he could have put money in the bank and earned $5,000 interest.  

A) What is Economan’s accounting profit?

B) What can you say about his profit in an economic perspective? (Meaning did he make an economic profit? Please explain.)

C) Considering only the one year, was starting the business the best economic decision for Economan? (Please explain if he could have made more in an economic sense by using his time and resources in another way?)

A previous semester's set of data from the initial questionnaire results in the following frequency table (some minor adjustments were made).

(a) If the possibilities for eye color are brown (Br), blue (Bl), and other (O), and the possibilities for sleep are at least 8 hours (Y) and less than 8 hours (N), one possible outcome for eye color and sleep after choosing a student is "BrY" (brown eyes and slept at least 8 hours). List one other possible outcome:  

(b) What is the probability of the event "has blue eyes" occurring if a student is chosen at random? State your answer as a fraction (e.g. "3/7")   

(c) What is the probability of someone having brown eyes OR getting +8 hours of sleep? State your answer as a fraction (e.g. "3/7")

(d) In how many ways can you get exactly two people who have <8 hours of sleep?   

(e) Suppose two different students are chosen at random. What is the probability that both students have brown eyes? State your answer to two decimal places.

(f) Suppose one student is chosen at random. What is the probability that the student has an "other" eye color given that they got less than 8 hours of sleep? Give your answer as a fraction (e.g. "3/7").

(g) In how many different ways can you choose 3 different people at random out of the entire group of students? State your answer to two decimal places.    

Which of the following statements is true?

A)Repeating a credible message two or three times is probably more influential than repeating it six or seven times.

B)Repeating a credible message six or seven times is probably more influential than repeating it two or three times.

C)Repeating a weak message six or seven times is probably more influential than repeating it two or three times.

D)Repeating a weak message two or three times is probably more influential than repeating it six or seven times.

1- Identify two products you purchased in the last year—one for under $5 and one for over $100—and indicate whether you think they were accounted for using job order costing or process costing and why.

One risky and one prudent, two investment startegies are compared. 7 of the funds following the first strategy have average return of 15% with standard deviation of 12%. 15 of the funds that follow the second strategy have an average return of 12% with standard deviation of 9%. What are the calculated and critical test statistics and the test result? (alpha=5%, consider one sided test that one of the varances is higher)

TABLE 4-8 (According to the record of the registrar's office at a state university, 35% of the students are freshman, 25% are sophomore, 16% are junior, and the rest are senior. Among the freshmen, sophomores, juniors, and seniors, the portion of students who live in the dormitory are, respectively, 80%, 60%, 30%, and 20%. ) 40. Referring to Table 4-8, what is the probability that a randomly selected student is a freshman who lives in a dormitory?

41. Referring to Table 4-8, what is the probability that a randomly selected student is a sophomore who does not live in a dormitory?

42. 130) Referring to Table 4-8, what is the probability that a randomly selected student is a junior who does not live in a dormitory?

43. Referring to Table 4-8, what is the probability that a randomly selected student is a junior or senior who lives in a dormitory?

44. Referring to Table 4-8, what percentage of the students live in a dormitory? 45. Referring to Table 4-8, what percentage of the students do not live in a dormitory?

46. Referring to Table 4-8, if a randomly selected student lives in the dormitory, what is the probability that the student is a freshman?

47. Referring to Table 4-8, if a randomly selected student does not live in the dormitory, what is the probability that the student is a junior or a senior?