Question7: 5% points: Flop Company manufactures 10,000 units of widgets for use in its annual production. Costs are direct materials $20,000, direct labor $55,000, variable overhead $45,000, and fixed overhead $70,000. Flimsy Company has offered to sell Flop 10,000 units of widgets for $18 per unit. If Flop accepts the offer, some of the facilities presently used to manufacture widgets could be rented to a third party at an annual rental of $15,000. Additionally, $4 per unit of the fixed overhead applied to widgets would be totally eliminated. Requirements: Prepare an incremental analysis schedule to demonstrate if Flop should accept Flimsy\'s offer. Solution Statement of Incremental Income Amount ($) Sales 180000 Direct Material 20000 Direct labour 55000 variable oberhead 45000 Contribution 60000 Fixed Overhead 70000 Profit/(Loss) -10000 Other rental Income 15000 Saving In fixed Cost 40000 Net Incremental Income 45000.

1. Question7
Marks: 5
Students were presented with four different paintings and asked which painting they liked best.
Using the data below: What is the obtained value? (to the nearest hundredth)
Artist
Frequency
Picasso
25
Dali
41
Miro
13
Modrian
29

2. Answer:
Question8
Marks: 5
Students were presented with four different paintings and asked which painting they liked best.
Using the data below: What is the Critical Value? (to the nearest hundredth)
Artist
Frequency
Picasso
25
Dali
41
Miro
13
Modrian
29
Answer:
Question9
Marks: 5
Students were presented with four different paintings and asked which painting they liked best.
Using the data below: What are the degrees of freedom?
Artist
Frequency
Picasso
25

3. Dali
41
Miro
13
Modrian
29
Answer:
Question10
Marks: 5
Students were presented with four different paintings and asked which painting they liked best.
Is the result significant
ArtistFrequencyPiscasso25Dali41Modrian29Miro13
Choose one answer.a. nob. yes
Question11
Marks: 10
An economist is interested in studying the relationship between length of unemployment and
job-seeking activity among whit collar workers. He interviews a sample of 12 unemployed
accountants as to the number of weeks they have been unemployed (x) and weeks seeking a job
(Y). Calculate Pearson's correlation coefficient (to the nearest hundredth).
AccountantWeeks UnemployedWeeks Seeking
EmployementA28B73C54D122E15F102G81H65I54J26K37L41
Answer:
Question12

4. Marks: 5
An economist is interested in studying the relationship between length of unemployment and
job-seeking activity among whit collar workers. He interviews a sample of 12 unemployed
accountants as to the number of weeks they have been unemployed (x) and weeks seeking a job
(Y). What are the degrees of freedom.
AccountantWeeks UnemployedWeeks Seeking
EmployementA28B73C54D122E15F102G81H65I54J26K37L41
Answer:
Question13
Marks: 5
An economist is interested in studying the relationship between length of unemployment and
job-seeking activity among whit collar workers. He interviews a sample of 12 unemployed
accountants as to the number of weeks they have been unemployed (x) and weeks seeking a job
(Y). What is the critical value?
AccountantWeeks UnemployedWeeks Seeking
EmploymentA28B73C54D122E15F102G81H65I54J26K37L41
Answer:
Question14
Marks: 5
An economist is interested in studying the relationship between length of unemployment and
job-seeking activity among whit collar workers. He interviews a sample of 12 unemployed
accountants as to the number of weeks they have been unemployed (x) and weeks seeking a job
(Y). Is the effect significant?
Choose one answer.a. nob. yes

5. Question15
Marks: 5
Suppose that a researcher collected the following set of data on years of education (X) and
number of children (Y) for a sample of 10 married adults.
Calculate the slope of the regression line (to the nearest hundredth).
xy1221411701038593124142180162
Answer:
Question16
Marks: 5
Suppose that a researcher collected the following set of data on years of education (X) and
number of children (Y) for a sample of 10 married adults.
Calculate the Y intercept of the regression line (to the nearest hundredth).
xy1221411701038593124142180162
Answer:
Question17
Marks: 5
Suppose that a researcher collected the following set of data on years of education (X) and
number of children (Y) for a sample of 10 married adults.
What is the formula for the regression line?
xy1221411701038593124142180162
Answer:

6. Question18
Marks: 10
Suppose that a researcher collected the following set of data on years of education (X) and
number of children (Y) for a sample of 10 married adults.
Calculate the standard error (to the nearest hundredth).
xy1221411701038593124142180162
Answer:
Question7
Marks: 5
Students were presented with four different paintings and asked which painting they liked best.
Using the data below: What is the obtained value? (to the nearest hundredth)
Artist
Frequency

7. Picasso
25
Dali
41
Miro
13
Modrian
29
Answer:
Question8
Marks: 5
Students were presented with four different paintings and asked which painting they liked best.
Using the data below: What is the Critical Value? (to the nearest hundredth)
Artist
Frequency
Picasso
25
Dali
41
Miro
13
Modrian
29
Answer:

8. Question9
Marks: 5
Students were presented with four different paintings and asked which painting they liked best.
Using the data below: What are the degrees of freedom?
Artist
Frequency
Picasso
25
Dali
41
Miro
13
Modrian
29
Answer:
Question10
Marks: 5
Students were presented with four different paintings and asked which painting they liked best.
Is the result significant
ArtistFrequencyPiscasso25Dali41Modrian29Miro13
Choose one answer.a. nob. yes
Question11
Marks: 10
An economist is interested in studying the relationship between length of unemployment and
job-seeking activity among whit collar workers. He interviews a sample of 12 unemployed

9. accountants as to the number of weeks they have been unemployed (x) and weeks seeking a job
(Y). Calculate Pearson's correlation coefficient (to the nearest hundredth).
AccountantWeeks UnemployedWeeks Seeking
EmployementA28B73C54D122E15F102G81H65I54J26K37L41
Answer:
Question12
Marks: 5
An economist is interested in studying the relationship between length of unemployment and
job-seeking activity among whit collar workers. He interviews a sample of 12 unemployed
accountants as to the number of weeks they have been unemployed (x) and weeks seeking a job
(Y). What are the degrees of freedom.
AccountantWeeks UnemployedWeeks Seeking
EmployementA28B73C54D122E15F102G81H65I54J26K37L41
Answer:
Question13
Marks: 5
An economist is interested in studying the relationship between length of unemployment and
job-seeking activity among whit collar workers. He interviews a sample of 12 unemployed
accountants as to the number of weeks they have been unemployed (x) and weeks seeking a job
(Y). What is the critical value?
AccountantWeeks UnemployedWeeks Seeking
EmploymentA28B73C54D122E15F102G81H65I54J26K37L41
Answer:

10. Question14
Marks: 5
An economist is interested in studying the relationship between length of unemployment and
job-seeking activity among whit collar workers. He interviews a sample of 12 unemployed
accountants as to the number of weeks they have been unemployed (x) and weeks seeking a job
(Y). Is the effect significant?
Choose one answer.a. nob. yes
Question15
Marks: 5
Suppose that a researcher collected the following set of data on years of education (X) and
number of children (Y) for a sample of 10 married adults.
Calculate the slope of the regression line (to the nearest hundredth).
xy1221411701038593124142180162
Answer:
Question16
Marks: 5
Suppose that a researcher collected the following set of data on years of education (X) and
number of children (Y) for a sample of 10 married adults.
Calculate the Y intercept of the regression line (to the nearest hundredth).
xy1221411701038593124142180162
Answer:
Question17

11. Marks: 5
Suppose that a researcher collected the following set of data on years of education (X) and
number of children (Y) for a sample of 10 married adults.
What is the formula for the regression line?
xy1221411701038593124142180162
Answer:
Question18
Marks: 10
Suppose that a researcher collected the following set of data on years of education (X) and
number of children (Y) for a sample of 10 married adults.
Calculate the standard error (to the nearest hundredth).
xy1221411701038593124142180162
Answer:

12. Question7
Marks: 5
Students were presented with four different paintings and asked which painting they liked best.
Using the data below: What is the obtained value? (to the nearest hundredth)
Artist
Frequency
Picasso
25
Dali
41
Miro
13
Modrian
29
Answer:
Question7
Marks: 5
Marks: 5
Students were presented with four different paintings and asked which painting they liked best.
Using the data below: What is the obtained value? (to the nearest hundredth)
Artist
Frequency
Picasso
25
Dali
41
Miro

13. 13
Modrian
29
Answer:
Students were presented with four different paintings and asked which painting they liked best.
Using the data below: What is the obtained value? (to the nearest hundredth)
Artist
Frequency
Picasso
25
Dali
41
Miro
13
Modrian
29
Answer:
Answer:
Question8
Marks: 5
Students were presented with four different paintings and asked which painting they liked best.
Using the data below: What is the Critical Value? (to the nearest hundredth)

14. Artist
Frequency
Picasso
25
Dali
41
Miro
13
Modrian
29
Answer:
Question8
Marks: 5
Marks: 5
Students were presented with four different paintings and asked which painting they liked best.
Using the data below: What is the Critical Value? (to the nearest hundredth)
Artist
Frequency
Picasso
25
Dali
41
Miro
13
Modrian
29
Answer:

15. Students were presented with four different paintings and asked which painting they liked best.
Using the data below: What is the Critical Value? (to the nearest hundredth)
Artist
Frequency
Picasso
25
Dali
41
Miro
13
Modrian
29
Answer:
Answer:
Question9
Marks: 5
Students were presented with four different paintings and asked which painting they liked best.
Using the data below: What are the degrees of freedom?
Artist
Frequency
Picasso
25
Dali
41
Miro

16. 13
Modrian
29
Answer:
Question9
Marks: 5
Marks: 5
Students were presented with four different paintings and asked which painting they liked best.
Using the data below: What are the degrees of freedom?
Artist
Frequency
Picasso
25
Dali
41
Miro
13
Modrian
29
Answer:
Students were presented with four different paintings and asked which painting they liked best.
Using the data below: What are the degrees of freedom?
Artist
Frequency
Picasso

17. 25
Dali
41
Miro
13
Modrian
29
Answer:
Answer:
Question10
Marks: 5
Students were presented with four different paintings and asked which painting they liked best.
Is the result significant
ArtistFrequencyPiscasso25Dali41Modrian29Miro13
Choose one answer.a. nob. yes
Question10
Marks: 5
Marks: 5
Students were presented with four different paintings and asked which painting they liked best.
Is the result significant
ArtistFrequencyPiscasso25Dali41Modrian29Miro13
Choose one answer.a. nob. yes
Students were presented with four different paintings and asked which painting they liked best.
Is the result significant
ArtistFrequencyPiscasso25Dali41Modrian29Miro13

18. Choose one answer.a. nob. yes
Choose one answer.
Question11
Marks: 10
An economist is interested in studying the relationship between length of unemployment and
job-seeking activity among whit collar workers. He interviews a sample of 12 unemployed
accountants as to the number of weeks they have been unemployed (x) and weeks seeking a job
(Y). Calculate Pearson's correlation coefficient (to the nearest hundredth).
AccountantWeeks UnemployedWeeks Seeking
EmployementA28B73C54D122E15F102G81H65I54J26K37L41
Answer:
Question11
Marks: 10
Marks: 10
An economist is interested in studying the relationship between length of unemployment and
job-seeking activity among whit collar workers. He interviews a sample of 12 unemployed
accountants as to the number of weeks they have been unemployed (x) and weeks seeking a job
(Y). Calculate Pearson's correlation coefficient (to the nearest hundredth).
AccountantWeeks UnemployedWeeks Seeking
EmployementA28B73C54D122E15F102G81H65I54J26K37L41
Answer:
An economist is interested in studying the relationship between length of unemployment and
job-seeking activity among whit collar workers. He interviews a sample of 12 unemployed
accountants as to the number of weeks they have been unemployed (x) and weeks seeking a job
(Y). Calculate Pearson's correlation coefficient (to the nearest hundredth).
AccountantWeeks UnemployedWeeks Seeking

19. EmployementA28B73C54D122E15F102G81H65I54J26K37L41
Answer:
Answer:
Question12
Marks: 5
An economist is interested in studying the relationship between length of unemployment and
job-seeking activity among whit collar workers. He interviews a sample of 12 unemployed
accountants as to the number of weeks they have been unemployed (x) and weeks seeking a job
(Y). What are the degrees of freedom.
AccountantWeeks UnemployedWeeks Seeking
EmployementA28B73C54D122E15F102G81H65I54J26K37L41
Answer:
Question12
Marks: 5
Marks: 5
An economist is interested in studying the relationship between length of unemployment and
job-seeking activity among whit collar workers. He interviews a sample of 12 unemployed
accountants as to the number of weeks they have been unemployed (x) and weeks seeking a job
(Y). What are the degrees of freedom.
AccountantWeeks UnemployedWeeks Seeking
EmployementA28B73C54D122E15F102G81H65I54J26K37L41
Answer:

20. An economist is interested in studying the relationship between length of unemployment and
job-seeking activity among whit collar workers. He interviews a sample of 12 unemployed
accountants as to the number of weeks they have been unemployed (x) and weeks seeking a job
(Y). What are the degrees of freedom.
AccountantWeeks UnemployedWeeks Seeking
EmployementA28B73C54D122E15F102G81H65I54J26K37L41
Answer:
Answer:
Question13
Marks: 5
An economist is interested in studying the relationship between length of unemployment and
job-seeking activity among whit collar workers. He interviews a sample of 12 unemployed
accountants as to the number of weeks they have been unemployed (x) and weeks seeking a job
(Y). What is the critical value?
AccountantWeeks UnemployedWeeks Seeking
EmploymentA28B73C54D122E15F102G81H65I54J26K37L41
Answer:
Question13
Marks: 5
Marks: 5
An economist is interested in studying the relationship between length of unemployment and
job-seeking activity among whit collar workers. He interviews a sample of 12 unemployed
accountants as to the number of weeks they have been unemployed (x) and weeks seeking a job
(Y). What is the critical value?
AccountantWeeks UnemployedWeeks Seeking

21. EmploymentA28B73C54D122E15F102G81H65I54J26K37L41
Answer:
An economist is interested in studying the relationship between length of unemployment and
job-seeking activity among whit collar workers. He interviews a sample of 12 unemployed
accountants as to the number of weeks they have been unemployed (x) and weeks seeking a job
(Y). What is the critical value?
AccountantWeeks UnemployedWeeks Seeking
EmploymentA28B73C54D122E15F102G81H65I54J26K37L41
Answer:
Answer:
Question14
Marks: 5
An economist is interested in studying the relationship between length of unemployment and
job-seeking activity among whit collar workers. He interviews a sample of 12 unemployed
accountants as to the number of weeks they have been unemployed (x) and weeks seeking a job
(Y). Is the effect significant?
Choose one answer.a. nob. yes
Question14
Marks: 5
Marks: 5
An economist is interested in studying the relationship between length of unemployment and
job-seeking activity among whit collar workers. He interviews a sample of 12 unemployed
accountants as to the number of weeks they have been unemployed (x) and weeks seeking a job
(Y). Is the effect significant?

22. Choose one answer.a. nob. yes
An economist is interested in studying the relationship between length of unemployment and
job-seeking activity among whit collar workers. He interviews a sample of 12 unemployed
accountants as to the number of weeks they have been unemployed (x) and weeks seeking a job
(Y). Is the effect significant?
Choose one answer.a. nob. yes
Choose one answer.
Question15
Marks: 5
Suppose that a researcher collected the following set of data on years of education (X) and
number of children (Y) for a sample of 10 married adults.
Calculate the slope of the regression line (to the nearest hundredth).
xy1221411701038593124142180162
Answer:
Question15
Marks: 5
Marks: 5
Suppose that a researcher collected the following set of data on years of education (X) and
number of children (Y) for a sample of 10 married adults.
Calculate the slope of the regression line (to the nearest hundredth).
xy1221411701038593124142180162
Answer:
Suppose that a researcher collected the following set of data on years of education (X) and
number of children (Y) for a sample of 10 married adults.
Calculate the slope of the regression line (to the nearest hundredth).

23. xy1221411701038593124142180162
Answer:
Answer:
Question16
Marks: 5
Suppose that a researcher collected the following set of data on years of education (X) and
number of children (Y) for a sample of 10 married adults.
Calculate the Y intercept of the regression line (to the nearest hundredth).
xy1221411701038593124142180162
Answer:
Question16
Marks: 5
Marks: 5
Suppose that a researcher collected the following set of data on years of education (X) and
number of children (Y) for a sample of 10 married adults.
Calculate the Y intercept of the regression line (to the nearest hundredth).
xy1221411701038593124142180162
Answer:
Suppose that a researcher collected the following set of data on years of education (X) and
number of children (Y) for a sample of 10 married adults.
Calculate the Y intercept of the regression line (to the nearest hundredth).
xy1221411701038593124142180162

24. Answer:
Answer:
Question17
Marks: 5
Suppose that a researcher collected the following set of data on years of education (X) and
number of children (Y) for a sample of 10 married adults.
What is the formula for the regression line?
xy1221411701038593124142180162
Answer:
Question17
Marks: 5
Marks: 5
Suppose that a researcher collected the following set of data on years of education (X) and
number of children (Y) for a sample of 10 married adults.
What is the formula for the regression line?
xy1221411701038593124142180162
Answer:
Suppose that a researcher collected the following set of data on years of education (X) and
number of children (Y) for a sample of 10 married adults.
What is the formula for the regression line?
xy1221411701038593124142180162

25. Answer:
Answer:
Question18
Marks: 10
Suppose that a researcher collected the following set of data on years of education (X) and
number of children (Y) for a sample of 10 married adults.
Calculate the standard error (to the nearest hundredth).
xy1221411701038593124142180162
Answer:
Question18
Marks: 10
Marks: 10
Suppose that a researcher collected the following set of data on years of education (X) and
number of children (Y) for a sample of 10 married adults.
Calculate the standard error (to the nearest hundredth).
xy1221411701038593124142180162
Answer:
Suppose that a researcher collected the following set of data on years of education (X) and
number of children (Y) for a sample of 10 married adults.
Calculate the standard error (to the nearest hundredth).
xy1221411701038593124142180162
Answer:

26. Answer:
Solution
Marks: 5
Students were presented with four different paintings and asked which painting they liked best.
Using the data below: What are the degrees of freedom?
Artist
Frequency
Picasso
25
Dali
41
Miro
13
Modrian
29
Answer:

27. Are we to presume that 25 students preferred the Picasso, 41 the Dali, etc? If so, please say so.
You can't take the expected value of a painting. You need a real valued function.
Or is the Picasso assigned a value of 25, the Dali a value of 41, etc. Doesn't make much sense,
but you're not supplying a description of what these numbers are. If this is the case and the
preferences are equally distributed among the four paintings, the expected value would seem to
be (25+41+13+29)/4 = 108/4 = 27
Students were presented with four different paintings and asked which painting they liked best.
Using the data below: What are the degrees of freedom?
Artist
Frequency
Picasso
25
Dali
41
Miro
13
Modrian
29
Answer:
Are we to presume that 25 students preferred the Picasso, 41 the Dali, etc? If so, please say so.
You can't take the expected value of a painting. You need a real valued function.
Or is the Picasso assigned a value of 25, the Dali a value of 41, etc. Doesn't make much sense,
but you're not supplying a description of what these numbers are. If this is the case and the
preferences are equally distributed among the four paintings, the expected value would seem to
be (25+41+13+29)/4 = 108/4 = 27
Answer:
Are we to presume that 25 students preferred the Picasso, 41 the Dali, etc? If so, please say so.
You can't take the expected value of a painting. You need a real valued function.
Or is the Picasso assigned a value of 25, the Dali a value of 41, etc. Doesn't make much sense,
but you're not supplying a description of what these numbers are. If this is the case and the

28. preferences are equally distributed among the four paintings, the expected value would seem to
be (25+41+13+29)/4 = 108/4 = 27 Artist
Frequency
Picasso
25
Dali
41
Miro
13
Modrian
29