An experimental diet to induce weight loss was followed for one week by a randomly selected group of 12 students with the following results.
Student
Loss in Pounds
1
2.2
2
2.6
3
0.4
4
2.0
5
0.0
6
1.8
7
5.2
8
3.8
9
4.2
10
3.8
11
1.4
12
2.6
?
a.Find a point estimate for the average amount lost after one week on this diet. Is this an unbiased estimate of the population mean? Explain.b.Find a point estimate for the variance of the amount lost on this diet. Is this an unbiased estimate of the population variance? Explain.c.Find a point estimate for the standard deviation of the amount lost on this diet.
What will be an ideal response?
a. | 2.5; Yes; E( |
b. | 2.389; Yes; E(s2) = ?2 |
c. | 1.546 |
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Fill in the blank(s) with the appropriate word(s).
In budgeting direct labor hours for the coming year, it is important to:
A) multiply production in units by the direct labor hours per unit. B) divide production in units by the direct labor hours per unit. C) subtract production in units from the direct labor hours per unit. D) subtract direct labor hours per unit from production in units. E) multiply production in units by the labor wage rate.
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A. $34,090 B. $28,840 C. $27,910 D. $31,000
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A) FICA B) benefits C) wages D) bonuses