Sleep Time Produces Mattresses

question 28

Multiple Choice

Sleep Time produces mattresses.During February, each mattress had has a variable cost of $260, fixed costs of $56,000 per month, and a unit selling price of $500.If the company produces and sells 400 mattresses in March February, how much profit will the company expect for March assuming that the number of mattresses sold and the selling price per mattress remains the same as that of February?

• A)$96,000
• B)$160,000
• C)$40,000
• D)$200,000

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Definitions:

Difference Scores

The subtraction results of one set of numerical data from another, used to analyze changes or effects in experiments.

Null Hypothesis

The null hypothesis is a statement that there is no effect or no difference, and it serves as the assumption to be tested in statistical analyses.

T-test

A statistical method employed to assess if there's a significant difference between the average values of two distinct groups.

Critical Value

A point on the test distribution that is compared with the test statistic to determine whether to reject the null hypothesis.