Students in the population of all students taking E270 were asked to state how much they spenton textbooks in the current semester.Jse the following textbook expense data (in dollars) to answer the following 5 questions.475550540350330510335530370455525545515435335485540645435405340470455345650375520275465330555460455380520620580335565420510465540545350410440530505455655520360405325525545350450435265385540465460560495530385685470375545555520490440495570370340435360590550430425390490430665610655410560390365595550385440395395505545430575530415265420470350525325620325525505335490560240425460435280510485510665335430375555445460490360420470425410680295415230475430395370380375490410330610430305590605315485400480375500445310455355575310370265415345575395385650540435380380495460370400550575385555535650530445340410545470365360375375620395490445465600585310430620420405435365555510530445435610385540415535515440530570295Arandom sample selected from the above population yielded the following data:430440545605310345395440 430440545605310345395440The sample mean is$438.75$434.41$430.10$425.851abdThe sample variance isa8285.949469.6410521.83d11690.923The number ofsamples of size n=8 selected from this population isa2.096E+14209.641 Trillion2.055E+14205.530 Trillion2.015E+14201.500 Trilliond1.975E+14197.549 TrillionIfyou obtained all possible samples and computed the mean from each sample, the mean ofsample means is4a457.86440.25423.32d407.045If you listed all possible samples and computed the mean from each sample, the variance ofthe means isa415b6911152d9470

Sample is a small set of data obtained from the population data. Sample mean is found by dividing…

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ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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sation NQF Level 4 monstrate knowledge and application of ethical conduct in a business environment Activity 17.5 In your groups work through the following case studies: Case Study 1: Employee Absence By Stephen Adams Graphics and Commercial Art Joan, an employee of Great American Market, was warned about her excessive absenteeism several times, both verbally and in writing. The written warning included notice that "further violations will result in disciplinary actions," including suspension or discharge. A short time after the written warning was issued, Joan called work to say she was not going to be in because her babysitter had called in sick and she had to stay home and care for her young child. Joan's supervisor, Sylvia, told her that she had already exceeded the allowed number of absences and warned that if she did not report to work, she could be suspended. When Joan did not report for her shift, Sylvia suspended her for fifteen days. In a subsequent hearing, Joan argued that…
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Quantity of Labor Total Product Total Revenue 1 4 $ 18 2 8 36 3 11 50 4 13 59 5 14 63 Refer to the given data. This firm's product price is A) $4.5. B) $4.25. C) $4.8. D) $18. Please explain/show your work, thank you! Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
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Bags/Participants Fixed Cost Variable Cost Total Cost 0 $1,700 $ - $1,700 100 $1,700 $500 $2,200 200 $1,700 $1,200 $2,900 300 $1,700 $2,700 $4,400 400 $1,700 $5,200 $6,900 500 $1,700 $9,000 $10,700 600 $1,700 $15,000 $16,700 700 $1,700 $23,800 $25,500 800 $1,700 $36,800 $38,500 900 $1,700 $55,800 $57,500 1,000 $1,700 $83,000 $84,700 Given the above information on cost, if you charge $15 per entry, what is the breakeven quantity of bags that you should order? At what quantity of bags will profits be maximized? A Use the profit maximizing rule, MR ≥ MC, buy 300 bags. B Use the profit maximizing rule, MR ≥ MC, buy 200 bags. C Use Qb = F/(MR-AVC) where Qb is the breakeven quantity to be determined, the optimal quantity of bags is 300. D Use Qb = F/(MR-AVC) where Qb is the breakeven quantity to be determined, the optimal quantity of bags is 200.
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You are analysing the annual revenue from the top 5 coffee maker models manufactured in your company, and want to know the comparative revenue made from each model. Rank these 5 coffee makers based on the revenue made this year, from highest to lowest.
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3.) Assume that the following has a linear cost function. Fixed Cost Marginal Cost per item Item Sells For $250 $17 $26 Find the following. (a) the cost function (b) the revenue function (c) the profit function (d) the profit on 97 items