A ___________ is used to visualize sample data graphically and to draw preliminary conclusions about the possible relationship between the variables
a. contingency table b. scatter chart
c. Gantt chart d. pie chart
b
RATIONALE: A scatter chart is used to visualize sample data graphically and to draw preliminary conclusions about the possible relationship between the variables.
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Define cloud computing. Identify five advantages of cloud computing
What will be an ideal response?
In order to estimate the average time spent per student on the computer terminals at a local university, data were collected for a sample of 81 business students over a one-week period. Assume the population standard deviation is 1.8 hours. With a .95 probability, the margin of error is approximately
a. .39. b. 1.96. c. .20. d. 1.64.
What are products that are consumed rapidly and regularly classified as?
A) Industrial goods B) Shopping goods C) Specialty goods D) Convenience goods E) Production goods
Muzik Corporation uses part X43 in one of its products. The company's Accounting Department reports the following costs of producing the 16,000 units of the part that are needed every year. Per Unit Direct materials$2.90 Direct labor 3.90 Variable overhead 6.70 Supervisor's salary 7.20 Depreciation of special equipment 8.30 Allocated general overhead$5.40 An outside supplier has offered to make the part and sell it to the company for $28.00 each. If this offer is accepted, the supervisor's salary and all of the variable costs, including direct labor, can be avoided. The special equipment used to make the part was purchased many years ago and has no salvage value or other use. The allocated general overhead represents fixed costs of the entire company. If the outside
supplier's offer were accepted, only $22,000 of these allocated general overhead costs would be avoided. In addition, the space used to produce part X43 could be used to make more of one of the company's other products, generating an additional segment margin of $22,000 per year for that product.Required:a. Prepare a report that shows the effect on the company's total net operating income of buying part X43 from the supplier rather than continuing to make it inside the company.b. Which alternative should the company choose? What will be an ideal response?