Which of the following summary measures is sensitive to extreme values?
a. The median c. The mean
b. The interquartile range d. The first quartile
C
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How much is the gross profit for the year? A) $212,500
Belstone, Inc. is a merchandiser of stone ornaments. It sold 15,000 units during the year. The
company has provided the following information:
Parts standardization typically does NOT:
A) reduce the time to develop a new product. B) reduce the cost of final products. C) reduce the profit of a new product. D) reduce the cost of developing new products.
Quatro Corporation manufactures two chemicals (Flextra and Hydro) in a joint process. Data from a recent month follow.Direct materials used: $360,000Direct labor: $150,000Manufacturing overhead: $690,000Manufacturing output:Flextra: 40,000 gallonsHydro: 120,000 gallonsFlextra sells for $15 per gallon and Hydro sells for $20 per gallon.Required:A. Compute the total joint costs to be allocated to Flextra and Hydro.B. Compute the joint costs that would be allocated to Flextra by using the physical-units method.C. Compute the joint costs that would be allocated to Hydro by using the relative-sales-value method.D. Assume that Hydro can be converted into a more refined product, Hydro-R, in a totally separable process at an additional cost of $4 per gallon. If the refined product can be sold in
the marketplace for $26 per gallon, compute the net realizable value of Hydro-R. What will be an ideal response?
Which of the following appears as a pattern in which positive residuals tend to be followed by other positive ones, and negative residuals by more negative ones?
a. outliers b. Skewness c. Heteroscedasticity d. Autocorrelation