Business, 13.03.2020 23:53 behemoth42
Electricity for an efficient home in a particular neighborhood of Cincinnati, Ohio, was $104 per month.† A researcher believes that the cost of electricity for a comparable neighborhood in Chicago, Illinois, is higher. A sample of homes in this Chicago neighborhood will be taken and the sample mean monthly cost of electricity will be used to test the following null and alternative hypotheses. H0: μ ≤ 104Ha: μ > 104(a)Assume the sample data led to rejection of the null hypothesis. What would be your conclusion about the cost of electricity in the Chicago neighborhood?Conclude that the population mean monthly cost of electricity in the Chicago neighborhood is not greater than $104 and hence is not higher than in the comparable neighborhood in Cincinnati. Conclude that the population mean monthly cost of electricity in the Chicago neighborhood is greater than $104 and hence higher than in the comparable neighborhood in Cincinnati. (b)What is the type I error in this situation?The type I error is rejecting H0 when it is true. The type I error is accepting H0 when it is true. The type I error is rejecting H0 when it is false. The type I error is accepting H0 when it is false. What are the consequences of making this error?This error occurs if the researcher concludes that the population mean monthly cost of electricity is greater than $104 in the Chicago neighborhood when the population mean cost is greater than $104.This error occurs if the researcher concludes that the population mean monthly cost of electricity is greater than $104 in the Chicago neighborhood when the population mean cost is actually less than or equal to $104. This error occurs if the researcher concludes that the population mean monthly cost of electricity is less than or equal to $104 in the Chicago neighborhood when the population mean cost is less than or equal to $104.This error occurs if the researcher concludes that the population mean monthly cost of electricity is less than or equal to $104 in the Chicago neighborhood when the population mean cost is actually greater than $104.(c)What is the type II error in this situation?The type II error is rejecting H0 when it is true. The type II error is accepting H0 when it is true. The type II error is rejecting H0 when it is false. The type II error is accepting H0 when it is false. What are the consequences of making this error?This error occurs if the researcher concludes that the population mean monthly cost of electricity is greater than $104 in the Chicago neighborhood when the population mean cost is greater than $104.This error occurs if the researcher concludes that the population mean monthly cost of electricity is greater than $104 in the Chicago neighborhood when the population mean cost is actually less than or equal to $104. This error occurs if the researcher concludes that the population mean monthly cost of electricity is less than or equal to $104 in the Chicago neighborhood when the population mean cost is less than or equal to $104.This error occurs if the researcher concludes that the population mean monthly cost of electricity is less than or equal to $104 in the Chicago neighborhood when the population mean cost is actually greater than $104.
Answers: 1
Other questions on the subject: Business
Business, 22.06.2019 14:20, ssalusso7914
Cardinal company is considering a project that would require a $2,725,000 investment in equipment with a useful life of five years. at the end of five years, the project would terminate and the equipment would be sold for its salvage value of $400,000. the company’s discount rate is 14%. the project would provide net operating income each year as follows: sales $2,867,000 variable expenses 1,125,000 contribution margin 1,742,000 fixed expenses: advertising, salaries, and other fixed out-of-pocket costs $706,000 depreciation 465,000 total fixed expenses 1,171,000 net operating income $571,000 1. which item(s) in the income statement shown above will not affect cash flows? (you may select more than one answer. single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. any boxes left with a question mark will be automatically graded as incorrect.) (a)sales (b)variable expenses (c) advertising, salaries, and other fixed out-of-pocket costs expenses (d) depreciation expense 2. what are the project’s annual net cash inflows? 3.what is the present value of the project’s annual net cash inflows? (use the appropriate table to determine the discount factor(s) and final answer to the nearest dollar amount.) 4.what is the present value of the equipment’s salvage value at the end of five years? (use the appropriate table to determine the discount factor(s) and final answer to the nearest dollar amount.) 5.what is the project’s net present value? (use the appropriate table to determine the discount factor(s) and final answer to the nearest dollar amount.)
Answers: 2
Business, 22.06.2019 14:40, nathenq1839
Which of the following would classify as a general education requirement
Answers: 1
Business, 22.06.2019 19:20, cathydaves
Bcorporation, a merchandising company, reported the following results for october: sales $ 490,000 cost of goods sold (all variable) $ 169,700 total variable selling expense $ 24,200 total fixed selling expense $ 21,700 total variable administrative expense $ 13,200 total fixed administrative expense $ 33,600 the contribution margin for october is:
Answers: 1
You know the right answer?
Electricity for an efficient home in a particular neighborhood of Cincinnati, Ohio, was $104 per mon...
Questions in other subjects:
Social Studies, 19.11.2020 18:00
Mathematics, 19.11.2020 18:00
English, 19.11.2020 18:00
Mathematics, 19.11.2020 18:00
