Time Unlimited Makes Grandfather Clock Kits That It Sells to Hobbyists

question 2

Essay

Time Unlimited makes grandfather clock kits that it sells to hobbyists who then assemble and finish the clocks.The company has the capacity to make 5,000 of the kits,and its current volume is 3,000 kits.The costs of a clock kit are: $300 for unit-level materials,$200 for unit-level labor,and $150 for an allocation of facility-level overhead.The normal selling price is $950.The Clock Builder has received a special order for 600 clock kits at a price of $600 each.
Required:
Should The Clock Builder accept the special order? Support your answer with appropriate computations.

Interpret the sign and numeric value of a Pearson correlation coefficient in terms of direction and strength of relationship.

Recognize the assumptions of a Pearson correlation, including linearity.

Apply the concept of Pearson correlation to real-world examples, understanding the implications of positive, negative, and nonlinear relationships.

Identify the appropriate statistical measures to describe relationships between variables from scatterplots.

---

Definitions:

Cytoplasm

The gel-like substance within a cell, excluding the nucleus, containing organelles and is the site of numerous metabolic reactions.

Citric Acid Cycle

A key metabolic pathway that combines acetyl-CoA and oxaloacetate to produce energy through the oxidation of acetyl units.

Primitive Bacteria

Ancient or early forms of bacteria often characterized by simpler structures and fundamental survival mechanisms.

Fossil Record

The collection of fossils, which are the preserved remains or traces of animals, plants, and other organisms from the remote past.