Tom company has sales of Rs.200,000/- with variable expenses of Rs.150,000/-, fixed expenses of Rs.60,000/-, and an operating loss of Rs.10,000/-. By how much would Tom have to increase its sales in order to achieve an operating income of 10% of sales?
February 24, 2013
The Acme Car Company claims that at most 8% of its new cars have a manufacturing defect. A quality control inspector randomly selects 300 new cars and finds that 33 have a defect. Should she reject the 8% claim? Assume that the significance level is 0.05.
March 17, 2012