Questions from Statistical Techniques


Q: In the chapter we formulated a break-even problem with:

In the chapter we formulated a break-even problem with: R = 9.99Q C = 45 000 + 6.99Q Find the new break-even level if: (a) overheads increase by 15 per cent. (b) costs increase by 1.50 per item. (c) t...

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Q: A production company is considering purchasing a new piece of equipment for

A production company is considering purchasing a new piece of equipment for the production process for one of its products. The product itself is due to be withdrawn from the market in five years’ tim...

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Q: Historically it has taken a local council an average of 18 weeks

Historically it has taken a local council an average of 18 weeks to reach a decision about planning applications for building development work submitted by construction companies. The companies have c...

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Q: Return to Exercise 8 in Chapter 4. Test to see whether

Return to Exercise 8 in Chapter 4. Test to see whether there is a significant difference between mean customer spend in the two stores. Draft a short report explaining your conclusion in non-technical...

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Q: A hospital has decided to replace an important piece of medical equipment

A hospital has decided to replace an important piece of medical equipment at a cost of £30 000. The expected life of the equipment is five years and it will have a resale value of £4000 at this time....

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Q: A local authority is under severe financial pressure and is considering selling

A local authority is under severe financial pressure and is considering selling some of the land it owns to a building company. The building company is offering to pay £150 000 for the land now or a p...

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Q: An organisation has recently purchased a company car for one of its

An organisation has recently purchased a company car for one of its senior managers at a cost of £25 000 and is trying to determine the most suitable time for replacement. It is estimated that the car...

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Q: : An investigation is being carried out into a local authority’s housing

An investigation is being carried out into a local authority’s housing policy. The local authority has a limited supply of housing which it owns and rents out. It receives requests f...

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Q: You are currently employed by a high street bank and have been

You are currently employed by a high street bank and have been asked to investigate the bank’s policy in one particular area of its operations, that relating to small loans to indivi...

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Q: A utility company is currently reviewing its manpower requirements in the domestic

A utility company is currently reviewing its manpower requirements in the domestic-appliance servicing department. One feature of the servicing work relates to domestic central-heating systems. For an...

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