Questions
Saeko owns a yarn shop and want to expands her color selection. Before she expands her...

Saeko owns a yarn shop and want to expands her color selection. Before she expands her colors, she wants to find out if her customers prefer one brand over the other brand. Specifically, she is interested in three different types of bison yarn. As an experiment, she randomly selected 15 different days and recorded the sales of each brand. At a .05 significance level can she conclude that there are differences in preference between the brands?

1. What is the null hypothesis?

2. What is the alternate hypothesis?

3. What is the level of significance?

Use Tools-Data Analysis-Anova Single Factor Anova: Single Factor to find the F statistic;

4. from the ANOVA output; What is the F value?

5. What is the F critical value?

6. What is your decision?

Use the "Pivot Table Data" tab to crate a pivot table that shows Seako the number of yards and meters that were sold in the various yarn types during the busiest weekend of her shop last year.

PLEASE SHOW HOW TO DO ALL EXCEL FUNCTIONS. THANK YOU!

Misa's Bison

Yak-et-ty-Yaks

Buffalo Yarns

98

79

65

85

86

83

91

72

78

87

82

66

98

91

193

In: Statistics and Probability

12: A random sample of 50 drive-thru customers at Burger World (a subsidy of Malco, Inc.)...

12: A random sample of 50 drive-thru customers at Burger World (a subsidy of Malco, Inc.) was taken to determine the average transaction time after the order was placed during the evening rush (4:00 PM to 6:00 PM).   The edited Data Analysis output is shown below. Answer the following five questions. (3.5 pts.)

Transaction Time

Mean

3.811

Median

3.83

Mode

4.58

Standard Deviation

1.530

Sample Variance

2.340

Kurtosis

0.813

Skewness

-0.175

Range

8.23

Minimum

-0.36

Maximum

7.87

Sum

190.56

Count

50

Confidence Level(95.0%)

0.435

  1. Identify the degrees of freedom and the critical value of t used in the calculation of the 95% confidence interval.

  1. Calculate the lower confidence limit (LCL) and the upper confidence limit (UCL). (Round the LCL and UCL to two decimal places, (i.e., 12.13, 45.67.)
  1. Interpret the confidence interval: I am _____ confident that the _________ of transaction time is between the lower confidence limit (LCL) and the upper confidence limit (UCL).

  1. If the confidence level is changed to 99 percent, does the width of the confidence interval increase or decrease?

  1. Would it be reasonable or plausible to conclude that the population mean is four minutes? Explain your reasoning.

  1. What is the standard error of the mean? Show the SE to three decimal places, (i.e., .123).

  1. What sample size is needed to reduce the standard error by half?

In: Statistics and Probability

A researcher randomly assigns 33 subjects to one of three groups. Group 1 receives technical dietary...

A researcher randomly assigns 33 subjects to one of three groups. Group 1 receives technical dietary information interactively from an on-line website. Group 2 receives the same information from a nurse practitioner, while Group 3 receives the information from a video made by the same nurse practitioner.

The researcher looked at three different ratings of the presentation: difficulty, usefulness, and importance to determine if there is a difference in the modes of presentation. In particular, the researcher is interested in whether the interactive website is superior because that is the most cost-effective way of delivering the information.

Group

Usefulness

Difficulty

Importance

1

20

5

18

1

25

9

8

1

23

15

20

1

16

9

22

1

20

6

22

1

28

14

8

1

20

6

13

1

25

8

13

1

24

10

24

1

18

10

20

1

17

9

4

2

28

7

14

2

25

14

5

2

26

9

20

2

19

15

22

2

29

14

12

2

15

6

2

2

29

10

5

2

26

11

1

2

22

5

2

2

15

15

14

2

29

6

4

2

15

6

3

3

22

8

12

3

27

9

14

3

21

10

7

3

17

9

1

3

16

7

12

3

19

9

7

3

23

10

1

3

27

9

5

3

23

9

6

3

16

14

22

  1. Run the appropriate analysis of the data and interpret the results.
  2. How could this study have been done differently? Why would this approach be better or why would it not be?

In: Statistics and Probability

Exercise 2 The following data represent the mutual fund prices reported at the end of the...

Exercise 2

The following data represent the mutual fund prices reported at the end of the week for selected 42 nationally sold funds.

10        17        15        18        22        19        10        17        18        25        11        13        35        28

27        29        39        31        35        33        22        24        28        35        45        50        47        38

41        31        21        11        49        38        35        25        33        42        27        15        28        34

  1. Organize the data.
  2. Present the data.

Exercise 3

Twenty MBA students have got the following marks out of 100 in three courses in the first semester.

Course

Marks out of 100

Marketing

79

85

92

95

77

82

85

88

90

92

82

92

93

84

80

90

88

87

80

75

Quantitative Methods

91

80

75

64

50

83

75

91

88

79

92

73

78

81

82

76

85

80

75

90

International Business

90

88

87

80

75

83

75

91

88

79

88

91

90

77

76

82

92

93

84

80

  1. Organize the above data in meaningful form.
  2. Present the data.
  3. Analyze and compare performance of students in three courses.

Exercise 4

A random sample of 8 MBA students from two sections of same batch are selected from of a B-School. The marks scored by these students are given below;

            

Section A

60

50

76

87

90

57

68

77

Section B

50

78

84

62

75

53

73

90

On the basis of sample statistic find out (show working),

  1. Which section is more consistent?                                                           
  2. Which section’s overall performance is better and why?

In: Statistics and Probability

Exercise 2-2 The following A. B. Murphy Company data show purchase and sales transactions for the...

Exercise 2-2
The following A. B. Murphy Company data show purchase and sales transactions for the month of April. A. B. Murphy uses a perpetual inventory system.

Date Activities

Units Purchased

(At Cost)

Units Sold

(At Retail)

1-Apr Beginning inventory 065 units @ $40/unit
8-Apr Purchase 225 units @ $45/unit
12-Apr Sales 235 units @ 75/unit
19-Apr Purchase   050 units @ $50/unit
23-Apr Purchase 125 units @ $55/unit   0
27-Apr Sales ________ 95 units @ 80/unit
Totals 465 units 330 units

Compute the following:
1.   Cost of (1) goods available for sale and (2) number of units for sale.

2.   Number of units in ending inventory.

1.   Cost assigned to ending inventory, using any three of the following four methods. Compute costs using all four methods for distinguished performance. Round per unit costs to three decimal places and inventory balances to the nearest dollar.
a.   FIFO.
b.   LIFO.
c.   Weighted average.
d.   Specific identification (see note below).

FIFO Perpetual

Date Goods Purchased Cost of Goods Sold Inventory Balance

LIFO Perpetual

Date Goods Purchased Cost of Goods Sold Inventory Balance

Weighted Average Perpetual

Date Goods Purchased Cost of Goods Sold Inventory Balance

Specific Identification
Note:   The April 12 sale comprised 55 units from beginning inventory and 180 units from the April 8 purchase. The April 27 sale comprised 30 units from the April 19 purchase and 65 units from the April 23 purchase.

Date Goods Purchased Cost of Goods Sold Inventory Balance

1.   Gross profit, using FIFO, LIFO, weighted average, and specific identification.

FIFO LIFO WEIGHTED AVERAGE SPECIFIC IDENTIFICATION

In: Accounting

Exercise 2-2 The following A. B. Murphy Company data show purchase and sales transactions for the...

Exercise 2-2
The following A. B. Murphy Company data show purchase and sales transactions for the month of April. A. B. Murphy uses a perpetual inventory system.

Date Activities

Units Purchased

(At Cost)

Units Sold

(At Retail)

1-Apr Beginning inventory 065 units @ $40/unit
8-Apr Purchase 225 units @ $45/unit
12-Apr Sales 235 units @ 75/unit
19-Apr Purchase   050 units @ $50/unit
23-Apr Purchase 125 units @ $55/unit   0
27-Apr Sales ________ 95 units @ 80/unit
Totals 465 units 330 units

Compute the following:
1.   Cost of (1) goods available for sale and (2) number of units for sale.

2.   Number of units in ending inventory.

1.   Cost assigned to ending inventory, using any three of the following four methods. Compute costs using all four methods for distinguished performance. Round per unit costs to three decimal places and inventory balances to the nearest dollar.
a.   FIFO.
b.   LIFO.
c.   Weighted average.
d.   Specific identification (see note below).

FIFO Perpetual

Date Goods Purchased Cost of Goods Sold Inventory Balance

LIFO Perpetual

Date Goods Purchased Cost of Goods Sold Inventory Balance

Weighted Average Perpetual

Date Goods Purchased Cost of Goods Sold Inventory Balance

Specific Identification
Note:   The April 12 sale comprised 55 units from beginning inventory and 180 units from the April 8 purchase. The April 27 sale comprised 30 units from the April 19 purchase and 65 units from the April 23 purchase.

Date Goods Purchased Cost of Goods Sold Inventory Balance

1.   Gross profit, using FIFO, LIFO, weighted average, and specific identification.

FIFO LIFO WEIGHTED AVERAGE SPECIFIC IDENTIFICATION

In: Accounting

A researcher randomly assigns 33 subjects to one of three groups. Group 1 receives technical dietary...

A researcher randomly assigns 33 subjects to one of three groups. Group 1 receives technical dietary information interactively from an on-line website. Group 2 receives the same information from a nurse practitioner, while Group 3 receives the information from a video tape made by the same nurse practitioner.

The researcher looked at three different ratings of the presentation; difficulty, usefulness, and importance to determine if there is a difference in the modes of presentation. In particular, the researcher is interested in whether the interactive website is superior because that is the most cost-effective way of delivering the information.

1. Run the appropriate analysis of the data and interpret the results.

2. How could this study have been done differently? Why or why not would this approach be better?

Group

Usefulness

Difficulty

Importance

1

20

5

18

1

25

9

8

1

23

15

20

1

16

9

22

1

20

6

22

1

28

14

8

1

20

6

13

1

25

8

13

1

24

10

24

1

18

10

20

1

17

9

4

2

28

7

14

2

25

14

5

2

26

9

20

2

19

15

22

2

29

14

12

2

15

6

2

2

29

10

5

2

26

11

1

2

22

5

2

2

15

15

14

2

29

6

4

2

15

6

3

3

22

8

12

3

27

9

14

3

21

10

7

3

17

9

1

3

16

7

12

3

19

9

7

3

23

10

1

3

27

9

5

3

23

9

6

3

16

14

22

In: Math

1 7.94 111 2 54 2 8.292 119 2 63 3 4.643 96 2 36 4...

1 7.94 111 2 54 2 8.292 119 2 63 3 4.643 96 2 36 4 7.47 115 2 50 5 8.882 117 1 46 6 7.585 101 2 67 7 7.65 129 2 47 8 2.412 82 2 43 9 6 108 1 54 10 8.833 112 2 67 11 7.47 120 1 41 12 5.528 93 1 35 13 7.167 110 2 50 14 7.571 100 1 80 15 4.7 101 1 38 16 8.167 114 1 45 17 7.822 113 1 54 18 7.598 113 1 61 19 4 108 2 42 20 6.231 107 1 72 21 7.643 120 2 54 22 1.76 78 2 58 24 6.419 112 1 53 26 9.648 123 2 69 27 10.7 119 1 56 28 10.58 124 2 60 29 9.429 114 2 64 30 8 120 2 40 31 9.585 120 2 63 32 9.571 106 1 51 33 8.998 124 1 46 34 8.333 102 1 45 35 8.175 114 2 63 36 8 119 2 44 37 9.333 108 1 65 38 9.5 108 2 67 39 9.167 118 2 66 40 10.14 106 1 72 41 9.999 114 1 57 43 10.76 132 2 51 44 9.763 114 2 67 45 9.41 117 2 63 46 9.167 138 2 78 47 9.348 127 2 60 48 8.167 102 2 64 50 3.647 92 2 47 51 3.408 102 1 36 52 3.936 90 2 36 53 7.167 101 2 51 54 7.647 117 2 72 55 .53 90 2 39 56 6.173 87 2 54 57 7.295 94 2 57 58 7.295 122 1 63 59 8.938 101 1 55 60 7.882 118 1 53 61 8.353 120 2 64 62 5.062 108 2 49 63 8.175 104 2 56 64 8.235 109 2 75 65 7.588 122 2 52 68 7.647 100 2 82 69 5.237 101 1 49 71 7.825 117 2 73 72 7.333 91 1 59 74 9.167 130 2 60 76 7.996 103 2 54 77 8.714 95 1 41 78 7.833 106 1 80 79 4.885 89 2 49 80 7.998 118 1 48 83 3.82 74 2 68 84 5.936 91 1 49 85 9 105 1 59 86 9.5 125 1 54 87 6.057 119 2 46 88 6.057 100 1 43 89 6.938 107 2 82

contains information on 78 seventh-grade students. We want to know how well each of IQ score and self-concept score predicts GPA using least-squares regression. We also want to know which of these explanatory variables predicts GPA better. Give numerical measures that answer these questions. (Round your answers to three decimal places.)

In: Statistics and Probability

1 7.94 111 2 54 2 8.292 119 2 63 3 4.643 96 2 36 4...

1 7.94 111 2 54 2 8.292 119 2 63 3 4.643 96 2 36 4 7.47 115 2 50 5 8.882 117 1 46 6 7.585 101 2 67 7 7.65 129 2 47 8 2.412 82 2 43 9 6 108 1 54 10 8.833 112 2 67 11 7.47 120 1 41 12 5.528 93 1 35 13 7.167 110 2 50 14 7.571 100 1 80 15 4.7 101 1 38 16 8.167 114 1 45 17 7.822 113 1 54 18 7.598 113 1 61 19 4 108 2 42 20 6.231 107 1 72 21 7.643 120 2 54 22 1.76 78 2 58 24 6.419 112 1 53 26 9.648 123 2 69 27 10.7 119 1 56 28 10.58 124 2 60 29 9.429 114 2 64 30 8 120 2 40 31 9.585 120 2 63 32 9.571 106 1 51 33 8.998 124 1 46 34 8.333 102 1 45 35 8.175 114 2 63 36 8 119 2 44 37 9.333 108 1 65 38 9.5 108 2 67 39 9.167 118 2 66 40 10.14 106 1 72 41 9.999 114 1 57 43 10.76 132 2 51 44 9.763 114 2 67 45 9.41 117 2 63 46 9.167 138 2 78 47 9.348 127 2 60 48 8.167 102 2 64 50 3.647 92 2 47 51 3.408 102 1 36 52 3.936 90 2 36 53 7.167 101 2 51 54 7.647 117 2 72 55 .53 90 2 39 56 6.173 87 2 54 57 7.295 94 2 57 58 7.295 122 1 63 59 8.938 101 1 55 60 7.882 118 1 53 61 8.353 120 2 64 62 5.062 108 2 49 63 8.175 104 2 56 64 8.235 109 2 75 65 7.588 122 2 52 68 7.647 100 2 82 69 5.237 101 1 49 71 7.825 117 2 73 72 7.333 91 1 59 74 9.167 130 2 60 76 7.996 103 2 54 77 8.714 95 1 41 78 7.833 106 1 80 79 4.885 89 2 49 80 7.998 118 1 48 83 3.82 74 2 68 84 5.936 91 1 49 85 9 105 1 59 86 9.5 125 1 54 87 6.057 119 2 46 88 6.057 100 1 43 89 6.938 107 2 82

contains information on 78 seventh-grade students. We want to know how well each of IQ score and self-concept score predicts GPA using least-squares regression. We also want to know which of these explanatory variables predicts GPA better. Give numerical measures that answer these questions. (Round your answers to three decimal places.)

In: Statistics and Probability

posting for sec times any incomplete work will be reported answer all 2 parts investment 1...

posting for sec times any incomplete work will be reported answer all 2 parts investment 1 to 7 and finacial statment and valution 1 to 6

You are working for The Wellington Company on temporary assignment while one of the accountants is on family leave. You have been asked to review the company’s investment journal entries and provide necessary information to the accountant preparing the financial statements.

PAGE 8

JOURNAL

ACCOUNTING EQUATION

DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY

1

Jan. 17

Investments-Red Rock Co. Stock

38,500.00

?

2

Cash

38,500.00

?

3

Feb. 5

Investments-Sunset Village Bonds

35,000.00

?

4

Interest Receivable

300.00

?

5

Cash

35,300.00

?

6

23

Investments-Mays and Co. Stock

26,250.00

?

7

Cash

26,250.00

?

8

Mar. 31

Cash

350.00

?

9

Interest Receivable

300.00

?

10

Interest Revenue

50.00

?

11

Apr. 6

Investment in Minions Corp. Stock

175,000.00

?

12

Cash

175,000.00

?

13

30

Cash

750.00

?

14

Dividend Revenue

750.00

?

15

Jul. 1

Cash

18,690.00

?

16

Loss on Sale of Investment

2,520.00

?

17

Interest Revenue

210.00

?

18

Investments-Sunset Village Bonds

21,000.00

?

19

Aug. 14

Cash

41,300.00

?

20

Gain on Sale of Investments

1,800.00

?

21

Investments-Harding Construction Stock

39,500.00

?

22

27

Cash

3,500.00

?

23

Investment in Minions Corp. Stock

3,500.00

?

24

Sep. 22

Cash

29,750.00

?

25

Gain on Sale of Investments

3,500.00

?

26

Investments-Mays and Co. Stock

26,250.00

?

27

30

Cash

140.00

?

28

Interest Revenue

140.00

?

29

Nov. 1

Investment in Minions Corp. Stock

15,750.00

?

30

Income of Minions Corp.

15,750.00

?

31

Dec. 31

Unrealized Loss on Available-For-Sale Investments

3,275.00

?

32

Valuation Allowance for Available-For-Sale Investments

3,275.00

?

33

31

Valuation Allowance for Trading Investments

2,150.00

?

34

Unrealized Gain on Trading Investments

2,150.00

?

Investments

Review the journal entries on The Wellington Company panel then answer the following questions.

1. Which item is likely to be a trading security? Mays and Co. Why?
2. How are brokerage commission fees treated on stock sales vs. stock purchases?
3. Based on these journal entries, what is the company’s investment in Sunset Village bonds at the end of the year?
4. The journal entry on Aug. 27 most likely shows
5. As an investment, bonds are always categorized as
6. What is the company’s investment in Minions Corp. at the end of the year?

7. Which of the following investments are likely to be available-for-sale securities? Check all that apply.

Harding Construction stock

Mays and Co. stock

Cannot be determined

Red Rock Co. stock

Sunset Village bonds

Minions Corp. stock

Financial Statements and Valuation

The accountant preparing the financial statements has asked you to provide the fair value as of the end of the year for the investments. Present the information as it would be shown on the financial statements. Last year, The Wellington Company reported costs of $68,000 in trading investments and $82,000 in available-for-sale investments. Refer to the journal entries shown on The Wellington Company panel. Assume that all investments sold during this year were trading investments and that purchases during the year were new investments.

1. Select the correct label for each line and fill in the amount. In classifying the investments, choose a categorization which seems most likely, given the pattern of transactions in the journal entries. Enter all amounts as positive numbers. If an amount box does not require an entry, leave it blank.

Trading Securities
Available-For-Sale Securities
2. Where on the balance sheet do trading securities appear?
3. Where is the gain or loss from the change in value of available-for-sale securities reported in the financial statements?
4. Where are held-to-maturity securities reported? Based on the journal entries for this year, does the company have any held-to-maturity securities?
5. Where are securities held for strategic reasons reported in the financial statements when using the equity method? Based on the journal entries for this year, does The Wellington Company have any equity securities?

6. Which of the following items does not affect net income? Check all that apply.

only unrealized gains or losses for all investments

realized loss on available-for-sale securities

realized gain on trading securities

none of these answers is correct

both gains and losses of any sort for all investments

unrealized loss on trading securities

unrealized gain on available-for-sale securities

In: Accounting