A discount house is trying to meet all customers' routine needs at a low price.
Answer the following statement true (T) or false (F)
False
Discount houses offer hard goods like cameras, TVs, and appliances at substantial price cuts to customers. Supercenters try to meet all of a customer's routine needs.
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The ____________________ effect of interest expense on net income equals one minus the marginal tax rate times the interest expense
Fill in the blank(s) with correct word
If direct materials cost per unit increases, the break-even point will decrease
Indicate whether the statement is true or false
Formulate an objective function and constraints to model this situation
The international man of mystery knew the finest haberdashers the world over and constantly sought to expand his dazzling array of fine suits, ties, and cufflinks. Closet space was at a premium however, so purchases were carefully weighed. Each suit provides 23 units of dazzlement, each tie 14, and a set of cufflinks is worth an easy 8. A suit takes up 0.5 cubic feet of closet space and $900 of budget. A tie costs $135 and cufflinks cost $100 per set. Cufflinks are tiny — even in the original box, they take up only .01 cubic feet while ties occupy a lusty .25 cubic feet. He has budgeted $12,000 for clothes on this trip and has 20 cubic feet of closet space left to fill.
Two hundred students are enrolled in an Economics class. After the first examination, a random sample of 6 papers was selected. The scores were 65, 75, 89, 71, 70, and 80. a.Determine the standard error of the mean.b.What assumption must be made before we can determine an interval for the mean score of all the students in the class? Explain why.c.Assume the assumption of Part b is met. Provide a 95% confidence interval for the mean score of all the students in the class.
What will be an ideal response?