Which of the following statements is not true?
a. The probability of making a Type II error increases as the probability of making a Type I error decreases.
b. The probability of making a Type II error and the level of significance are the same.
c. The power of the test decreases as the level of significance decreases.
d. All of these choices are true.
B
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Barclay Bikes manufactures and sells three distinct styles of bicycles: the Youth model sells for $300 and has a unit contribution margin of $105; the Adult model sells for $850 and has a unit contribution margin of $450; and the Recreational model sells for $1,000 and has a unit contribution margin of $500. The company's sales mix includes: 5 Youth models; 9 Adult models; and 6 Recreational models. If the firm's annual fixed costs total $6,500,000, calculate the firm's break-even point in total sales dollars.
A. $12,750,625. B. $13,250,000. C. $12,900,050. D. $13,000,000. E. $12,750,000.
Steel ProductionIndustries, Inc, employs five hundred workers. For the Occupational Safety and Health Administration, Steel Production must do all of the following except
a. keep occupational injury and illness records for each employee. b. report any work-related diseases. c. report any employee death due to a work-related incident within eight hours. d. pay employees higher wages for working in more dangerous areas.
A tenancy for a set period of time that is automatically renewed for the same amount of time unless canceled is a
a. tenancy at sufferance. b. tenancy for years. c. periodic tenancy. d. tenancy at will.
Soft Shoes, a shoe store, sold $1,528 of blue slippers last week. If that amount is 11.5% of their total sales, what were their total sales? (Round to the nearest dollar)
A) $1,256 B) $15,544 C) $13,287 D) $1,529