A random sample of 121 bottles of cologne showed an average content of 4 ounces. It is known that the standard deviation of the contents (i.e., of the population) is 0.22 ounces. The standard error of the mean equals _____

a. .3636
b. .0331
c. .0200
d. 4.000


c

Business

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Which forces typically represent vertical competition in a value chain?

a. Potential entry and substitutes. b. Buyer power and rivalry among existing firms c. Supplier power and potential entry. d. Buyer power and supplier power

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Indicate whether the statement is true or false

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A supplier has offered to sell the component to Carver for $640 per unit. If Carver buys the component from the supplier, the released facilities can be used to manufacture a product that would generate a contribution margin of $20,000 annually. Assuming that Carver needs 3000 components annually and that the fixed manufacturing overhead is unavoidable, what would be the impact on operating income if Carver outsources?

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A) Operating income would decrease by $100,000.
B) Operating income would increase by $20,000.
C) Operating income would decrease by $20,000.
D) Operating income would increase by $120,000.

Business