One particular morning, the length of time spent in the
examination rooms is recorded for each patient seen by each
physician at an orthopedic clinic.
| Time in Examination Rooms (minutes) | |||
| Physician 1 | Physician 2 | Physician 3 | Physician 4 |
| 33 | 31 | 19 | 27 |
| 23 | 32 | 29 | 31 |
| 27 | 33 | 30 | 31 |
| 30 | 32 | 26 | 27 |
| 25 | 43 | 29 | 32 |
| 35 | 32 | 26 | 31 |
| 20 | 24 | 41 | |
| 31 | |||
Fill in the missing data. (Round your p-value
to 4 decimal places, mean values to 1 decimal place, and other
answers to 2 decimal places.)
| Treatment | Mean | n | Std. Dev |
| Physician 1 | |||
| Physician 2 | |||
| Physician 3 | |||
| Physician 4 | |||
| Total | |||
| One-Factor ANOVA | |||||
| Source | SS | df | MS | F | p-value |
| Treatment | |||||
| Error | |||||
| Total | |||||
(a) Based on the given hypotheses, choose the correct
option.
H0: μ1 = μ2
= μ3 = μ4
H1: Not all the means are equal
α = 0.05
Reject the null hypothesis if F > 3.01
Reject the null hypothesis if F < 3.01
(b) Calculate the F for one factor.
(Round your answer to 2 decimal places.)
F for one factor is
(c) On the basis of the above findings, we reject the null
hypothesis. Is the statement true?
Yes
No
In: Statistics and Probability
Data from the Office for National Statistics show that the mean age at which men in Great Britain get married was 32.5. A news reporter noted that this represents a continuation of the trend of waiting until a later age to wed. A new sample of 47 recently wed British men provided their age at the time of marriage. These data are contained in the Excel Online file below. Construct a spreadsheet to answer the following questions.
Open spreadsheet
Do these data indicate that the mean age of British men at the time of marriage exceeds the mean age in 2013? Test this hypothesis at . What is your conclusion? Use the obtained rounded values in your calculations.
| Sample mean: | years (to 2 decimals) |
| Sample standard deviation: | years (to 4 decimals) |
| -value: | (to 3 decimals) |
| -value (Two Tail): | (to 3 decimals) |
Because -value _________≤> , we _________rejectfail to reject . There is _________insufficientsufficient evidence to conclude that the mean age at which British men get married exceeds what it was in 2013.
| Age |
| 33 |
| 39 |
| 40 |
| 40 |
| 38 |
| 30 |
| 35 |
| 32 |
| 29 |
| 34 |
| 25 |
| 25 |
| 34 |
| 28 |
| 32 |
| 39 |
| 33 |
| 38 |
| 30 |
| 27 |
| 32 |
| 25 |
| 28 |
| 34 |
| 29 |
| 29 |
| 39 |
| 30 |
| 31 |
| 30 |
| 26 |
| 38 |
| 34 |
| 27 |
| 29 |
| 34 |
| 35 |
| 35 |
| 35 |
| 37 |
| 27 |
| 40 |
| 31 |
| 30 |
| 36 |
| 26 |
| 35 |
In: Statistics and Probability
General Electric recently conducted a study to evaluate filaments in their industrial high intensity bulbs. Investigators recorded the number of weeks each high-intensity bulb would last before failure for three test filaments (Groups 1, 2, and 3) and the standard filament (Group 4). The results are as follows. Using ? = 0.01,
Group 1 2 3 4
15 14 25 28
18 18 19 31
21 20 22 27
16 16 20 32
17 15 18 23
20 16 24 25
18 22 27 30
14 18 27
24 25
26
WRITE ALL THE CODE USED THE R or R-STUDIO!
In: Math
INSTRUCTIONS: THE OWNER IS IVETTE MARTINEZ AND IS DEDICATED TO GIVING BUSINESS CONSULTATIONS. THE BUSINESS STARTED IN THE MONTH OF OCTOBER OF THE CURRENT YEAR.
1. ANALYZE THE FOLLOWING TRANSACTIONS IN THE TABLE OF THE SIMPLE EQUATION.
2. PREPARE THE TRANSACTIONS IN A JOURNAL.
3. TRANSFER THE TRANSACTIONS TO THE RELEVANT T ACCOUNTS.
4. PREPARE THE TRIAL BALANCE OF THE COMPANY CALLED FREE CONSULTATIONS.
TRANSACTIONS:
1. MARTINEZ INVESTED $60,000 IN HER COMPANY.
2. MADE A LOAN TO BANCO SANTANDER FOR $10,000.
3. PAID $150 FOR THE ELECTRICITY BILL OF THE COMPANY.
4. PAID $500 THE MONTH OF OCTOBER OF THE BANK LOAN
5. GAVE $2,500 FOR SERVICES ON ACCOUNT TO THE CLIENTE MARIA VEGA.
6. PURCHASED A COMPUTER FROM WALMART FOR THE TOTAL OF $2,500 ON ACCOUNT.
7. MARTINEZ WITHDREW $500 FOR PERSONAL USE.
8. RECEIVED $1,500 FOR SERVICES GIVEN.
9. PAID $100 FOR AN ADVERTISEMENT OF THE COMPANY.
10. RECEIVED $500 FROM MARIA VEGA AS A PAYMENT FOR HER ACCOUNT.
CHART OF ACCOUNTS
CASH 1001
ACCOUNTS RECEIVABLE 1002
OFFICE EQUIPMENT 1003
ACCOUNTS PAYABLE 2001
NOTES PAYABLE 2002
MARTINEZ CAPITAL 3001
MARTINEZ DRAWINGS 3002
SERVICE REVENUE 4001
UTILITIES EXPENSE 5001
ADVERTISING EXPENSE 5002
In: Accounting
Required information
[The following information applies to the questions displayed below.]
On January 1, 2021, the general ledger of 3D Family Fireworks
includes the following account balances:
| Accounts | Debit | Credit | |||||
| Cash | $ | 23,900 | |||||
| Accounts Receivable | 13,600 | ||||||
| Allowance for Uncollectible Accounts | $ | 1,400 | |||||
| Supplies | 2,500 | ||||||
| Notes Receivable (6%, due in 2 years) | 20,000 | ||||||
| Land | 77,000 | ||||||
| Accounts Payable | 7,200 | ||||||
| Common Stock | 96,000 | ||||||
| Retained Earnings | 32,400 | ||||||
| Totals | $ | 137,000 | $ | 137,000 | |||
During January 2021, the following transactions occur:
| January | 2 | Provide services to customers for cash, $35,100. | ||
| January | 6 | Provide services to customers on account, $72,400. | ||
| January | 15 | Write off accounts receivable as uncollectible, $1,000. | ||
| January | 20 | Pay cash for salaries, $31,400. | ||
| January | 22 | Receive cash on accounts receivable, $70,000. | ||
| January | 25 | Pay cash on accounts payable, $5,500. | ||
| January | 30 | Pay cash for utilities during January, $13,700. |
7. Analyze how well 3D Family Fireworks manages
its receivables:
a-1. Calculate the receivables turnover ratio for
the month of January (Hint: For the numerator, use total
services provided to customers on account). (Round your
final answer to 1 decimal place.)
a-2. If the industry average of the receivables
turnover ratios for the month of January is 4.2 times, is the
company collecting cash from customers more or less efficiently
than other companies in the same industry?
More
Less
b-1. Calculate the ratio of Allowance for
Uncollectible Accounts to Accounts Receivable at the end of
January.
b-2. Based on a comparison of this ratio to the
same ratio at the beginning of January, does the company expect an
improvement or worsening in cash collections from customers on
credit sales?
Improvement
Worsening
In: Accounting
1. Which of the following is the federal, independent agency that provides oversight of public companies to maintain fair representation of company financial activities for investors to make informed decisions?
Group of answer choices
FASB (Financial Accounting Standards Board)
D. FDIC (Federal Deposit Insurance Corporation)
IRS (Internal Revenue Service)
SEC (Securities and Exchange Commission)
2. Which of the following breaks down company financial information into specific time spans, and can cover a month, quarter, half-year, or full year?
Group of answer choices
accounting period
monthly period
fiscal period
yearly period
3. Which type of adjustment occurs when cash is either collected or
paid, but the related income or expense is not reportable in the
current period?
Group of answer choices
deferral
estimate
cull
accrual
In: Accounting
The Gatson manufacturing company has estimated the following components for a new product. Fixed cost = $50,000 Material cost per unit = $2.15 Labor cost per unit = $2.00 Revenue per unit = $7.50 Round your answer to the nearest whole number.
1. Using a spreadsheet model, what will be the resulting profit if the company decides to make 70,000 units of the new product?
2. Construct a one-way data table with production volume as the column input and profit as the output. Breakeven occurs when profit is zero. Vary production volume from 0 to 100,000 in increments of 10,000. In which interval of production volume does breakeven occur?
3. Using the appropriate Excel tool, find the exact breakeven point.
Please show how to solve all problems using Excel.
In: Statistics and Probability
The Gatson manufacturing company has estimated the following components for a new product. Fixed cost = $50,000 Material cost per unit = $2.15 Labor cost per unit = $2.00 Revenue per unit = $7.50 Round your answer to the nearest whole number.
1. Using a spreadsheet model, what will be the resulting profit if the company decides to make 70,000 units of the new product?
2. Construct a one-way data table with production volume as the column input and profit as the output. Breakeven occurs when profit is zero. Vary production volume from 0 to 100,000 in increments of 10,000. In which interval of production volume does breakeven occur?
3. Using the appropriate Excel tool, find the exact breakeven point.
Please show how to solve all problems using Excel.
In: Statistics and Probability
A manufacturer of an external hard disc provided the information that when the price per external hard disk is RM89, then 1 million hard disc will sell. When the price of each hard disc is RM79, then 3 million hard disc will sell. The cost of producing and selling ? million hard disc is ?(?) = 19? + 156.25. a) Find a linear demand function where ? is the number of millions of hard discs sold and ? is the price of each hard disc in RM. b) What is the company’s revenue function for this hard disc? c) What is the company’s profit function? d) How many hard discs must be produced and sold so that the company will have a maximum profit? e) What is the price of hard disc when the company is maximizing their profit? (1 mark)
In: Advanced Math
Debit
Cash 10,600
Accounts receivable 145,000
Prepaid rent 6.500 Inventory 27,000
Equipment 325,000
Costs of goods sold 190,000
Salaries expense 125,000
Rent expense 18,000
Depreciation expense 25.000
Interest expense 3.200
Advertising expense 1.700
Totals 877000
Credit
Accumulated depreciation-equipment 130,000
Accounts payable 35,000
Notes payable-due in three months 32,000
Salaries payable 4,000
Interest payable 1,000
Common stock 230,000
Retained earnings 45,000
Sales revenue 400,000
Totals 877000
3) Prepare the closing entries for China Tea Company for the year ended December 31, 2018.
4) Prepare an income statement for China Tea Company for the year ended December 31, 2018.
In: Accounting