Eon Corporation Has Provided the Following Data Concerning Its Two

question 60

Multiple Choice

Eon Corporation has provided the following data concerning its two products: $\begin{array}{c}\begin{array}{llcc}\\ \text { Selling price..................} & \\ \text {Unit variable cost................ } &\\ \text { Unit contribution margin............... } &\\\\ \text { Amount of the constrained resource required for one } &\\ \text { unit of the product (grams) .......................... } &\\ \text { Monthly unit demand.................... } &\\\end{array}\begin{array}{lc}Z 94 \mathrm{~K} & \mathrm{R} 82 \mathrm{C} \\\$ 63.00 & \$ 261.00 \\\underline{50.40} & \underline{208.80} \\\underline{ \$ 12.60 }&\underline{ \$ 52.20}\\\\\\3 & 9 \\2,100 & 4,300\end{array}\end{array}$
The profitability index for product Z94K is closest to:

• A)$4.20 per gram
• B)0.19
• C)0.11
• D)0.20

Distinguish between various dimensions of interacting variables relevant to Neuman’s theory.

Understand the distinction between parametric and nonparametric statistical tests.

Learn the basic steps and requirements for performing a Wilcoxon rank sum test.

Know the conditions under which nonparametric tests are preferred over parametric tests.

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Definitions:

Average Total Cost

The cost per unit of output, calculated by dividing the total cost of production by the total number of units produced.

Marginal Revenue

The added revenue procured by vending an additional unit of a good or service.

Business

An organized effort by individuals to produce and sell goods and services for profit.

Average Total Cost

The total cost of production (fixed and variable costs combined) divided by the total quantity produced.