Suppose the average size of a new house built in a certain county in 2006 was 2,273 square feet. A random sample of 30 new homes built in this county was selected in 2010. The average square footage was 2,185 with a sample standard deviation of 229 square feet.

a. Determine the null and alternative hypotheses. Choose the correct answer below.

A.

H0​: μ=2,273 and H1​:μ≠2,273

B.

H0​: μ≥2,273 and H1​: μ<2,273

C.

H0​: μ=2,273 and H1​: μ>2,273

D.

H0​: μ≠2,273 and H1​: μ=2,273

Determine the critical​ value(s).

The critical​ value(s) is(are) ____

​(Round to three decimal places as needed. Use a comma to separate answers as​ needed.)

Determine the test​ statistic,

t Subscript x overbartx.

t Subscript x overbartx = _____

​(Round to two decimal places as​ needed.)

What conclusion should be​ drawn? Choose the correct answer below.

A. Reject the null hypothesis. The data do not provide sufficient evidence to conclude that the average house size has changed since 2006.

B. Do not reject the null hypothesis. The data do not provide sufficient evidence to conclude that the average house size has changed since 2006.

C. Do not reject the null hypothesis. The data provide sufficient evidence to conclude that the average house size has changed since 2006.

D. Reject the null hypothesis. The data provide sufficient evidence to conclude that the average house size has changed since 2006.

b. Use technology to determine the​ p-value for this test. What is the​ p-value?

​p-value = _____

​(Round to three decimal places as​ needed.)

Based on your review of Rosseau (2006), discuss three critical issues that you are taking away from the article. What role do you see the concept of evidence-based management playing in strategic management?

Consider the portfolio of projects described in the table. The resource requirements are in numbers of labor hours. The Greatest Resource Utilization rule would begin work with project:

Options:

A.

B.

C.

D.

Table below shows the demand for haircuts from seniors and other customers on an average weekday in the local hairdressing shop.

a) Between the prices of $20 and $24, which of the two demands is more elastic? Round your answers to 2 decimal places.

The price elasticity of demand for seniors is   

The price elasticity of demand for other customers is   

The elasticity of demand is greater for  (Click to select)  seniors  other customers

b) What price would give the shop the greatest sales revenue?

• Please use minitab
• Customers are surveyed to ascertain their level of satisfaction. 10 customers in each of 3 regions are surveyed.
• They are asked; “On a scale of 1 to 100, if you were to buy another car, what are the chances it would be American made”?
  • Region A: 67 65 59 59 58 61 66 53 51 64
  • Region B: 66 68 55 59 61 66 62 65 64 74
  • Region C: 87 80 67 89 80 84 78 65 72 85
• Does the satisfaction of the customers vary by region? What is your view of this data?

Pricing Strategy, Sales Variances

Eastman, Inc., manufactures and sells three products: R, S, and T. In January, Eastman, Inc., budgeted sales of the following.

At the end of the year, actual sales revenue for Product R and Product S was $3,069,900 and $3,480,400, respectively. The actual price charged for Product R was $27 and for Product S was $22. Only $8 was charged for Product T to encourage more consumers to buy it, and actual sales revenue equaled $343,200 for this product.

Required:

1. Calculate the sales price and sales volume variances for each of the three products based on the original budget.

A certain forum reported that in a survey of 2004 American adults, 28% said they believed in astrology.

(a) Calculate a confidence interval at the 99% confidence level for the proportion of all adult Americans who believe in astrology. (Round your answers to three decimal places.) ,

Problem 2: Theory

a. What are the factors that contribute to gaussian lineshape broadening in spectroscopy?

b. Is it possible to do XRD of a gold sample with a carbon Mα radiation?

c. What is the probing depth of a common lab XPS?

d. Write down the basic equation for photoemission from a solid, and explain the meaning of the terms.

e. What are the main differences between SEM and TEM? Enumerate at least three.

f. What is a fractal and why we can obtain fractal structures in the flame synthesis?

A fast-food restaurant has identified three primary groups willing to purchase its meals. However, customers are willing to purchase only one meal each. The table shows the total number of meals bought at three different prices. The number of consumers is the total number of buyers at each price level.

The restaurant can produce a meal with no fixed costs and a constant marginal cost of $1 per unit.

1st attempt

Part 1   (2 points)

If the restaurant charges only one price for the meal, it will charge   $--- and receive a profit of   $ -----.

Part 2   (2 points)

Assume the firm can distinguish between customers and has the ability to charge different customers different prices. If the restaurant can perfectly price-discriminate, the highest price it will charge is   $ ----- . The total profits under perfect price discrimination are   $ ----- .

Part 3   (2 points)

Assume the firm can distinguish between customers and has the ability to charge different customers different prices. If the restaurant charges two prices, it will charge $-----and $-------.

and receive a profit of   $-------.

1. What is branding for? Give an example to clarify your answer and explain.

   What’s private brand? What’s the purpose(s) of private brand.

2. Explain the primary difference between a wholesaler and sales agent. Who has more active

roles in finding customers and customers’ wants?

3. Let’s say, after 15% increase in selling price, a burger shop found 5% drop in number of sales of burger. Is the demand for burger sensitive to changes in price this case? What do you recommend to keep or increase sales revenue?