The chamber of commerce of a florida gulf coast community advertises that area residential property is available at a mean cost of $125,000 or less per lot. suppose a sample of 32 properties provided a sample mean of $130,000 per lot and a sample standard deviation of $12,500. use a .05 level of significance to test the validity of the advertising claim. anderson, david r.. essentials of statistics for business and economics (p. 433). south-western college pub. kindle edition.
(a) use a 0.05 level of significance to test the validity of the advertising claim.
(b) state the hypotheses.
(c) what is the p-value?
(d) what is your conclusion (use a level of significance of 0.05?
(e) what is the interpretation of your conclusion?

The chromosome manufacturing company produces two products, x and y. the company president, jean mutation, is concerned about the fierce competition in the market for product x. she notes that competitors are selling x for a price well below chromosome's price of $13.50. at the same time, she notes that competitors are pricing product y almost twice as high as chromosome's price of $12.50.ms. mutation has obtained the following data for a recent time period: product x product y number of units 11,000 3,000 direct materials cost per unit $3.23 $3.09 direct labor cost per unit $2.22 $2.10 direct labor hours 10,000 3,500 machine hours 2,100 1,800 inspection hours 80 100 purchase orders 10 30ms. mutation has learned that overhead costs are assigned to products on the basis of direct labor hours. the overhead costs for this time period consisted of the following items: overhead cost item amount inspection costs $16,200 purchasing costs 8,000 machine costs 49,000 total $73,200using direct labor hours to allocate overhead costs determine the gross margin per unit for product x. choose the best answer from the list below.a. $1.93b. $3.12c. $7.38d. $2.43e. $1.73using activity-based costing for overhead allocation, determine the gross margin per unit for product y. choose best answer from list below.a. $10.07b. ($2.27)c. ($5.23)d. ($7.02)e. $7.02

What is a potential negative effect of an expansionary policy? decreased borrowing increased interest rates increased inflation decreased available credit

Swain company manufactures one product, it does not maintain any beginning or ending inventories, and its uses a standard cost system. the company's beginning balance in retained earnings is $65,000. it sells one product for $170 per unit and it generated total sales during the period of $603,500 while incurring selling and administrative expenses of $54,500. swain company does not have any variable manufacturing overhead costs and its standard cost card for its only product is as follows: