A manufacturing company is considering the acquisition of a TR-LX61, a new robotic machine that is...
A manufacturing company is considering the acquisition of a TR-LX61, a new robotic machine that is supposed to reduce the variable cost or unit cost of production. Since the acquisition of the TR-LX61 will involve some expenditures, management is willing to buy the machine only if they can be conviced that production costs will be less than $6.67 per unit produced.
Based on examination of 25 randomly selected units, they obtained an average variable cost of $6.72 and a standard deviation of $1.12.
What is the value of the test statistic to determine if production costs per unit are less than $6.67 ? (Use 3 DECIMALS)
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A manufacturing company is considering the acquisition of a
TR-LX61, a new robotic machine that is...
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10-12 Xinhong Company is considering replacing one of its manufacturing machines. The machine has a book...
10-12
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10-12
Xinhong Company is considering replacing one of its manufacturing machines. The machine has a book value of $39,000 and a remaining useful life of 5 years, at which time its salvage value will be zero. It has a current market value of $49,000. Variable manufacturing costs are $33,800 per year for this machine. Information on two alternative replacement machines follows. Alternative A $123,000 Alternative B $110,000 Cost Variable manufacturing costs per year 22,100 10,100 Calculate the total change in...
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