Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Accounting Basics Expert

Imagine you are a manager at a major bottling company.

Customers have begun to complain that the bottles of the brand of soda produced in your company contain less than the

advertised sixteen (16) ounces of product.

Your boss wants to solve the problem at hand and has asked you to investigate. You have your employees pull thirty (30)

bottles off the line at random from all the shifts at the bottling plant. You ask your employees to measure the amount of soda

there is in each bottle. Note: Use the data set provided by your instructor to complete this assignment.

Write a two to three (2-3) page report in which you:

1. Calculate the mean, median, and standard deviation for ounces in the bottles.

2. Construct a 95% Confidence Interval for the ounces in the bottles.

3. Conduct a hypothesis test to verify if the claim that a bottle contains less than sixteen (16) ounces is supported. Clearly

state the logic of your test, the calculations, and the conclusion of your test.

4. Provide the following discussion based on the conclusion of your test:

a. If you conclude that there are less than sixteen (16) ounces in a bottle of soda, speculate on three (3) possible causes.

Next, suggest the strategies to avoid the deficit in the future.

Or

Bottle Number Ounces Bottle Number Ounces Bottle Number Ounces

1 14.5 11 15 21 14.1

2 14.6 12 15.1 22 14.2

3 14.7 13 15 23 14

4 14.8 14 14.4 24 14.9

5 14.9 15 15.8 25 14.7

6 15.3 16 14 26 14.5

7 14.9 17 16 27 14.6

8 15.5 18 16.1 28 14.8

9 14.8 19 15.8 29 14.8

10 15.2 20 14.5 30 14.6

b. If you conclude that the claim of less soda per bottle is not supported or justified, provide a detailedVexplanation to your

boss about the situation. Include your speculation on the reason(s) behind the claim, and recommend one (1) strategy geared

toward mitigating this issue in the future.

The specific course learning outcomes associated with this assignment are:

Calculate measurements of central tendency and dispersal.

Determine confidence intervals for data.

Describe the vocabulary and principles of hypothesis testing.

Discuss application of course content to professional contexts.

Use technological tools to solve problems in statistics.

Write clearly and concisely about statistics using proper writing mechanics.

Click here to view the grading rubric for this assignment.

 

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M91598922
  • Price:- $20

Priced at Now at $20, Verified Solution

Have any Question?


Related Questions in Accounting Basics

Question - as a senior accountant you had just prepared and

Question - As a senior Accountant you had just prepared and posted the journal entry that closed the revenue accounts to the income summary Account. You then noticed that your bookkeeper made a tragic error in recording ...

Question income tax implication of capital investment

Question: Income Tax Implication Of Capital Investment Decisions Read the following case study: The Whitley Corporation's year-end is December 31, 2013. It is now October 1, 2013. The Whitley management team is taking a ...

Question - buddy industries inc bii developed the following

Question - Buddy Industries, Inc., (BII) developed the following standard costs for direct material and direct labor for one of their major products, the 10-gallon plastic container.   Standard quantity Standard price Di ...

Question - cranberry corporation has 3396000 of current

Question - Cranberry Corporation has $3,396,000 of current year taxable income. Use Corporate tax rate schedule. If the current year is a calendar year ending on December 31, 2017, calculate Cranberry's regular income ta ...

Question - various financial ratios could be used to

Question - Various financial ratios could be used to analyse a company's financial performance and position. a) What ratios would you calculate to evaluate a company's profitability? Provide two examples of the ratios an ...

Question 1 auditor accountability please respond to the

Question: 1. Auditor Accountability" Please respond to the following: • Use the Internet or Strayer Library to research a publically traded company that received an unqualified audit report from external auditors and fac ...

Questions - q1 conner corporations adjusted trial balance

Questions - Q1. Conner Corporation's adjusted trial balance included the following items:Accounts payable ($65,000), Accounts receivable ($45,000), Capital stock ($100,000), Cash ($50,000), Dividends ($10,000), Goodwill ...

Question - metlock corporation traded a used truck cost

Question - Metlock Corporation traded a used truck (cost $28,400, accumulated depreciation $25,560) for a small computer with a fair value of $4,686. Metlock also paid $710 in the transaction. Calculate the journal entry ...

Question faith essay instructionsyou will write an 800-word

Question: Faith Essay Instructions You will write an 800-word essay in current APA format that focuses on how biblical concepts are related to the fields of accounting and finance. The essay must incorporate a thoughtful ...

Question - restricted stockon december 31 2014 ying

Question - Restricted Stock On December 31, 2014, Ying Corporation granted 5,000 shares of its $1 par value common stock to certain of its key employees. The shares are restricted until 2 years of employment is completed ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As