Compute the probability that a weekly sample will result in a shutdown of production if the production process is working properly and to comment on GGG management’s policy for deciding when to shut down production of Go Bananas.

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Morningstar tracks the total return for a large number of mutual funds. The following table shows the total return and the number of funds for four categories of mutual funds. Click on the datafile logo to reference the data. DATA file Type of Fund Domestic Equity Number of Funds Total Return (%) 9191 4.65 International Equity 2621 18.15 Hybrid 1419 2900 11.36 6.75 Specialty Stock a. Using the number of funds as weights, compute the weighted average total return for these mutual funds. (to 2 decimals) % b. Is there any difficulty associated with using the "number of funds" as the weights in computing the weighted average total return in part (a)? Discuss. What else might be used for weights? The input in the box below will not be graded, but may be reviewed and considered by your instructor. c. Suppose you invested $10,000 in this group of mutual funds and diversified the investment by placing $2000 in Domestic Equity funds, $4000 in International Equity funds, $3000 in Specialty Stock…

Answer 1

Question

Chapter 5, Problem 1CP

1.

To determine

Compute the probability that a weekly sample will result in a shutdown of production if the production process is working properly and to comment on GGG management’s policy for deciding when to shut down production of Go Bananas.

b.

To determine

Suggest an appropriate number of boxes in the weekly sample that must fail to meet the standard weight of banana flavored marshmallows in order to shut down the production if the goal is to be achieved.

c.

To determine

Find the level to which Ms. Finkel have to reduce the percentage of 16-ounce boxes of Go Bananas that fail to meet the standard weight of banana flavored marshmallows when the process is working properly in order to reduce the probability that at least five of the sampled boxes fail to meet the standard of 0.01 or less.

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Morningstar tracks the total return for a large number of mutual funds. The following table shows the total return and the number of funds for four categories of mutual funds. Click on the datafile logo to reference the data. DATA file Type of Fund Domestic Equity Number of Funds Total Return (%) 9191 4.65 International Equity 2621 18.15 Hybrid 1419 2900 11.36 6.75 Specialty Stock a. Using the number of funds as weights, compute the weighted average total return for these mutual funds. (to 2 decimals) % b. Is there any difficulty associated with using the "number of funds" as the weights in computing the weighted average total return in part (a)? Discuss. What else might be used for weights? The input in the box below will not be graded, but may be reviewed and considered by your instructor. c. Suppose you invested $10,000 in this group of mutual funds and diversified the investment by placing $2000 in Domestic Equity funds, $4000 in International Equity funds, $3000 in Specialty Stock…

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c. What are the first and third quartiles? First Quartiles (to 1 decimals) Third Quartiles (to 4 decimals) × ☑ Which companies spend the most money on advertising? Business Insider maintains a list of the top-spending companies. In 2014, Procter & Gamble spent more than any other company, a whopping $5 billion. In second place was Comcast, which spent $3.08 billion (Business Insider website, December 2014). The top 12 companies and the amount each spent on advertising in billions of dollars are as follows. Click on the datafile logo to reference the data. DATA file Company Procter & Gamble Comcast Advertising ($billions) $5.00 3.08 2.91 Company American Express General Motors Advertising ($billions) $2.19 2.15 ETET AT&T Ford Verizon L'Oreal 2.56 2.44 2.34 Toyota Fiat Chrysler Walt Disney Company J.P Morgan a. What is the mean amount spent on advertising? (to 2 decimals) 2.55 b. What is the median amount spent on advertising? (to 3 decimals) 2.09 1.97 1.96 1.88

Answer 2

Question

Chapter 5, Problem 1CP

1.

To determine

Compute the probability that a weekly sample will result in a shutdown of production if the production process is working properly and to comment on GGG management’s policy for deciding when to shut down production of Go Bananas.

b.

To determine

Suggest an appropriate number of boxes in the weekly sample that must fail to meet the standard weight of banana flavored marshmallows in order to shut down the production if the goal is to be achieved.

c.

To determine

Find the level to which Ms. Finkel have to reduce the percentage of 16-ounce boxes of Go Bananas that fail to meet the standard weight of banana flavored marshmallows when the process is working properly in order to reduce the probability that at least five of the sampled boxes fail to meet the standard of 0.01 or less.

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Answer 3

Question

Chapter 5, Problem 1CP

1.

To determine

Compute the probability that a weekly sample will result in a shutdown of production if the production process is working properly and to comment on GGG management’s policy for deciding when to shut down production of Go Bananas.

b.

To determine

Suggest an appropriate number of boxes in the weekly sample that must fail to meet the standard weight of banana flavored marshmallows in order to shut down the production if the goal is to be achieved.

c.

To determine

Find the level to which Ms. Finkel have to reduce the percentage of 16-ounce boxes of Go Bananas that fail to meet the standard weight of banana flavored marshmallows when the process is working properly in order to reduce the probability that at least five of the sampled boxes fail to meet the standard of 0.01 or less.

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Answer 4

Question

Chapter 5, Problem 1CP

1.

To determine

Compute the probability that a weekly sample will result in a shutdown of production if the production process is working properly and to comment on GGG management’s policy for deciding when to shut down production of Go Bananas.

b.

To determine

Suggest an appropriate number of boxes in the weekly sample that must fail to meet the standard weight of banana flavored marshmallows in order to shut down the production if the goal is to be achieved.

c.

To determine

Find the level to which Ms. Finkel have to reduce the percentage of 16-ounce boxes of Go Bananas that fail to meet the standard weight of banana flavored marshmallows when the process is working properly in order to reduce the probability that at least five of the sampled boxes fail to meet the standard of 0.01 or less.

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Answer 5

Chapter 5, Problem 1CP

1.

To determine

Compute the probability that a weekly sample will result in a shutdown of production if the production process is working properly and to comment on GGG management’s policy for deciding when to shut down production of Go Bananas.

b.

To determine

Suggest an appropriate number of boxes in the weekly sample that must fail to meet the standard weight of banana flavored marshmallows in order to shut down the production if the goal is to be achieved.

c.

To determine

Find the level to which Ms. Finkel have to reduce the percentage of 16-ounce boxes of Go Bananas that fail to meet the standard weight of banana flavored marshmallows when the process is working properly in order to reduce the probability that at least five of the sampled boxes fail to meet the standard of 0.01 or less.

Answer 6

Chapter 5, Problem 1CP

1.

To determine

Compute the probability that a weekly sample will result in a shutdown of production if the production process is working properly and to comment on GGG management’s policy for deciding when to shut down production of Go Bananas.

Answer 7

Chapter 5, Problem 1CP

1.

To determine

Compute the probability that a weekly sample will result in a shutdown of production if the production process is working properly and to comment on GGG management’s policy for deciding when to shut down production of Go Bananas.

Answer 8

b.

To determine

Suggest an appropriate number of boxes in the weekly sample that must fail to meet the standard weight of banana flavored marshmallows in order to shut down the production if the goal is to be achieved.

Answer 9

b.

To determine

Suggest an appropriate number of boxes in the weekly sample that must fail to meet the standard weight of banana flavored marshmallows in order to shut down the production if the goal is to be achieved.

Answer 10

c.

To determine

Find the level to which Ms. Finkel have to reduce the percentage of 16-ounce boxes of Go Bananas that fail to meet the standard weight of banana flavored marshmallows when the process is working properly in order to reduce the probability that at least five of the sampled boxes fail to meet the standard of 0.01 or less.

Answer 11

c.

To determine

Find the level to which Ms. Finkel have to reduce the percentage of 16-ounce boxes of Go Bananas that fail to meet the standard weight of banana flavored marshmallows when the process is working properly in order to reduce the probability that at least five of the sampled boxes fail to meet the standard of 0.01 or less.

Answer 12

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Compute the probability that a weekly sample will result in a shutdown of production if the production process is working properly and to comment on GGG management’s policy for deciding when to shut down production of Go Bananas.

Compute the probability that a weekly sample will result in a shutdown of production if the production process is working properly and to comment on GGG management’s policy for deciding when to shut down production of Go Bananas.

Suggest an appropriate number of boxes in the weekly sample that must fail to meet the standard weight of banana flavored marshmallows in order to shut down the production if the goal is to be achieved.

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