2 58. Mary left a job with an annual to open her own business. She salarycf $1.000 per month: her utility bithted per mont was $50,000. What is Mary profit for the first year? for estimating h: and her total revenue in 55. All of the following conditions are using the least squares technique the regression equation EXCEPT (A) The error terms are uniformly distributed. (A) $38,700 (B) $34,400 (C) $24,400 (D) -$ 5,600 (B) The error terms are indepe (C) The standard deviation of the error term is (D) The mean of the error term is 0 56. Which of the following would a conm company use to 59. Assume that a plot of the distribution urements of some variable is identify and remove defects and reduce variability 100 meas symmetrical. Two observations, wh least 3 standard deviations above the original distribution, are now adde 100 measurements. Which of the followin statements must be true? in manufacturing? (A) Six Sigma (B) Simplex (C) PERT/CPM (D) Just-in-time (JIT) the center of new distribution will be skewed to the (A) The (B) The (C) The new distribution will be skewed to 57. In statistical hypothesis testing, which of the following is true? left with the mean greater than the (A) The altermative hypothesis is assumed to new distribution will be skewed to the left with the median greater than the (B) The level of significance specifies the maximum allowable probability of a Type I error the right with the mean greater than the median (D) The new distribution will be skewed to the Power is equivalent to the probability of right with the median greater than the rejecting the null hypothesis given that the null hypothesis is true. e standard error of the mean increases as 60. Which of the following is the most appropriate costing system for a painting contractor to use when determining the cost of painting contract? (A) Standard costing (B) Job-order costing (C) Absorption costing (D) Contribution costing e sample size increases. completing each 2 58. Mary left a job with an annual to open her own business. She salarycf $1.000 per month: her utility bithted per mont was $50,000. What is Mary profit for the first year? for estimating h: and her total revenue in 55. All of the following conditions are using the least squares technique the regression equation EXCEPT (A) The error terms are uniformly distributed. (A) $38,700 (B) $34,400 (C) $24,400 (D) -$ 5,600 (B) The error terms are indepe (C) The standard deviation of the error term is (D) The mean of the error term is 0 56. Which of the following would a conm company use to 59. Assume that a plot of the distribution urements of some variable is identify and remove defects and reduce variability 100 meas symmetrical. Two observations, wh least 3 standard deviations above the original distribution, are now adde 100 measurements. Which of the followin statements must be true? in manufacturing? (A) Six Sigma (B) Simplex (C) PERT/CPM (D) Just-in-time (JIT) the center of new distribution will be skewed to the (A) The (B) The (C) The new distribution will be skewed to 57. In statistical hypothesis testing, which of the following is true? left with the mean greater than the (A) The altermative hypothesis is assumed to new distribution will be skewed to the left with the median greater than the (B) The level of significance specifies the maximum allowable probability of a Type I error the right with the mean greater than the median (D) The new distribution will be skewed to the Power is equivalent to the probability of right with the median greater than the rejecting the null hypothesis given that the null hypothesis is true. e standard error of the mean increases as 60. Which of the following is the most appropriate costing system for a painting contractor to use when determining the cost of painting contract? (A) Standard costing (B) Job-order costing (C) Absorption costing (D) Contribution costing e sample size increases. completing each