A 95% confidence interval is (54.5, 57.5) based on a sample size of 25. What is the sample standard deviation?
Two hundred simulation runs were completed using the probability of a machine breakdown from the table below. The average number of breakdowns from the simulation trials was 1.93 with a standard deviation of 0.20.
No. of breakdowns per week Probability Cumulative probability
0 .10 .10
1 .25 .35
2 .36 .71
3 .22 .93
4 .07 1.00
A) 3.826
B) 19.132
C) 8.973
D) 11.646
Answer: A
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Point Company uses the standard costing method. The company's main product is a fine-quality audio speaker that normally takes 0.25 hour to produce. Normal annual capacity is 3,000 direct labor hours, and budgeted fixed overhead costs for the year were $6,750 . During the year, the company produced and sold 8,000 units. Actual fixed overhead costs were $4,800 . Compute the fixed overhead budget
variance. a. $300 (F) b. $300 (U) c. $1,950 (F) d. $1,950 (U)
In the partnership form of business, the owners are called stockholders.
Answer the following statement true (T) or false (F)
Which of the following segments should promotion target at the maturity stage of the product
life cycle? A) up-and-comers B) late majority customers C) early adopters D) innovators
A method of assigning overhead costs to a product using a single overhead rate is:
A. Cost pool overhead rate method. B. Plantwide overhead rate method. C. Departmental overhead rate method. D. Overhead cost allocation method. E. Activity-based costing.