Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.

Get a Professional Answer

Via email, text message, or notification as you wait on our site. Ask follow up questions if you need to.

100% Satisfaction Guarantee

Rate the answer you receive.

Ask R.R. Jha Your Own Question

R.R. Jha, Tutor

Category: Business and Finance Homework

Satisfied Customers: 5471

Experience: Business Homework Expert

20870358

Type Your Business and Finance Homework Question Here...

R.R. Jha is online now

(For MARTIN )Assignment #4: Case Problem “Stateline Shipping and Trans

This answer was rated:

★★★★★

Assignment #4: Case Problem “Stateline Shipping and Transport Company”

Read the “Stateline Shipping and Transport Company” Case Problem on pages 273-274 of the text. Analyze this case, as follows: 1. In Excel, or other suitable program, develop a model for shipping the waste directly from the 6 plants to the 3 waste disposal sites. 2. Solve the model you developed in #1 (above) and clearly describe the results. 3. In Excel, or other suitable program, Develop a transshipment model in which each of the plants and disposal sites can be used as intermediate points. 4. Solve the model you developed in #3 (above) and clearly describe the results. 5. Interpret the results and draw conclusions that address the question posed in the case problem. What are the limits of the study? Write at least one paragraph.

There are two deliverables for this Case Problem, the Excel spreadsheets and an accompanying written description/explanation.

Thanks for using JustAnswer. My name isXXXXX will do whatever I can to answer your questions.

Don't Forget the deposit you placed to ask this question is not used to compensate me until you rate my service! Please Remember that when you are asked to give a rating, you are rating My Service and not this website itself.

Feel free to request me anytime. Just put "For TeacherGreg" at the front of your post or, even better, bookmark my weblink at www.GregPearl.com and use the question box on my page - still put the "For TeacherGreg" in the front of the post so it is directly sent to me.

All the best in your studies and have a wonderful rest of the week.

I noticed we have not yet resolved the assignment you posted. I would sure appreciate it if you would reply so I can offer my skills and knowledge and ensure that you are satisfied with our interaction.

~Do you still need more help? ~Confused by my info request or answer? ~Need more time? ~Confused on how the site works? ~Need more detail or a different explanation?

If the answer is YES to any of these just press reply so we can continue to interact on this issue.

If you have already rated my answer, then thanks again for your rating. If you have new questions now or in the future please do not hesitate to ask them. If you would like me to assist you, you can bookmark my weblink at www.GregPearl.com and ask a question directly into the box on that page - just put "For TeacherGreg" at the front of your question. Thanks and have a wonderful day.Greg

There are two deliverables for this Case Problem, the Excel spreadsheets and an accompanying written description/explanation. Can you please submit both of them electronically via the dropbox. Because

Hi, I am a Moderator for this topic. I sent your requested Professional, Martin, a message to follow up with you here, when he is back online. If I can help further, please let me know. Thank you for your continued patience.

There are two deliverables for this Case Problem, the Excel spreadsheets and an accompanying written description/explanation. Please provide the writen description/explanation.

Use the M&Ms® data to complete this assignment. You will be using the methods of 7.4 for the color proportions and 7.2 for the mean number of candies per bag. For the Bonus you will be using the methods of 7.5.

You can use StatCrunch to assist with the calculations. A link for StatCrunch can be found under Tools for Success in Course Home. Here is also a link: http://statcrunch.pearsoncmg.com/statcrunch/larson_les4e/dataset/index.html. You can also find additional help on both confidence intervals and StatCrunch in the Online Math Workshop under Tab: “MAT300 Archived Workshops”. Specifically you will be looking for Hypothesis Tests and Using Technology – Hypothesis Testing.

Submit your answers in Excel, Word or pdf format. Submit your file through the M&M® project link in the weekly course content. Be sure to state clear hypotheses, test statistic values, critical value or p-value, decision (reject/fail to reject), and conclusion in English (what does reject/fail to reject the null mean in terms of your hypotheses). When doing calculations for the color proportions, keep at least 4-6 decimal places sample proportions, otherwise you will encounter large rounding errors.

Masterfoods USA states that their color blends were selected by conducting consumer preference tests, which indicated the assortment of colors that pleased the greatest number of people and created the most attractive overall effect. On average, they claim the following percentages of colors for M&Ms® milk chocolate candies: 24% blue, 20% orange, 16% green, 14% yellow, 13% red and 13% brown.

3 pts. Test their claim that the true proportion of blue M&Ms® candies is 0.24 at the 0.05 significance level.

3 pts. Test their claim that the true proportion of orange M&Ms® candies is 0.20 at the 0.05 significance level.

3 pts. Test their claim that the true proportion of green M&Ms® candies is 0.16 at the 0.05 significance level.

3 pts. Test their claim that the true proportion of yellow M&Ms® candies is 0.14 at the 0.05 significance level.

3 pts. Test their claim that the true proportion of red M&Ms® candies is 0.13 at the 0.05 significance level.

3 pts. Test their claim that the true proportion of brown M&Ms® candies is 0.13 at the 0.05 significance level.

3 pts. On average, they claim that a 1.69 oz bag will contain more than 54 candies. Test this claim (µ > 54) at the 0.01 significance (σ unknown).

BONUS: 5 pts. It is important that the total number of candies per bag does not vary very much. As a result of this quality control, the desired standard deviation is 1.5. Test the claim (α = 0.05) that the true standard deviation for number of candies per 1.69 oz bag is less than 1.5 (σ < 1.5).

HELP:

Color proportions

Revisiting the purple example from before: we had found 732 purple candies out of 3500 total candies. The sample proportion of purple candies is 732/3500 = 0.2091428571. Now let's say you want to test that the true proportion of purple candies is 21% (0.21). First define your hypotheses: Claim - p = 0.21 H0: p = 0.21 (null) H1: p ≠ 0.21 (alternative)

Next we need to calculate the test statistic. For this type of test, it is a z and a two tailed test. You have been asked to test at alpha = 0.05, so we will reject the null if the test statistic, z, is positive and greater than 1.96 OR if the test statistic, z, is negative and smaller than -1.96. (NOTE: This is the same as if the absolute value of the test statistic is greater than 1.96.)

Review: → sample proportion (0.209143) p → assumed value in null (0.21) q → 1 - p (0.79) n → total number of candies (3500)

Test statistic:

Because the test statistic is negative and is NOT smaller than -1.96, we FAIL TO REJECT. We have insufficient evidence to suggest the true proportion is not 0.21. You will follow this procedure for EACH color.

IF using the TI 83/84: STAT, TESTS, 1-PropZTest

Po: assumed proportion (0.21)

x: number of successes (732)

n: total number of candies (3500)

In the next line, select the correct alternative hypothesis/test, then Calculate, Enter.

On the next screen, the second line shows the test.

The next line has the test statistic.

The next line has the p-value of the test (if less than significance level, reject null)

The next two lines have and n.

IF using StatCrunch, you will want Stat > Proportions > One Sample > with summary. In the first window, you will enter the same information as for part 3: number of the color (number of successes) and total number of candies (number of observations). Then click Next, and in the following window, enter the claimed proportion as a decimal in the box next to “null”, select the inequality that matches the alternative hypothesis and then click Calculate. The output will include the test statistic (Z-Stat) and the p-value.

Hypothesis test results: p : proportion of successes for population H_{0} : p = 0.21 H_{A} : p ≠ 0.21

Proportion

Count

Total

Sample Prop.

Std. Err.

Z-Stat

P-value

p

732

3500

0.20914286

0.006884766

-0.12449848

0.9009

Mean

When you test for the mean number of candies per bag, you will need (sample mean), s (sample standard deviation) and n (total number of bags) as before.

The test statistic is a z, because we have a large sample.

Test statistic:

IF using the TI 83/84: STAT, TESTS, Z-Test

Input: Stats

m0: assumed mean value

s: sample or known standard deviation

: sample mean

N: sample size

Then select the correct alternative hypothesis/test, then Calculate, Enter.

On the next screen, the second line shows the test.

The next line has the test statistic.

The next line has the p-value of the test (if less than significance level, reject null)

The next two lines have and n.

IF using StatCrunch, you will use Stat > Z Statistics > one sample as with part 3.

BONUS

This is a test about a standard deviation. You can use StatCrunch, however, StatCrunch deals with variances, so you would enter 1.5² = 2.25 as the null value. You would use Stat > Variance > One Sample. Again, it would be best to use the actual data entered into a column, but you can also use summary values, as long as you carry at least 4 decimal places.

At the end of this project, you will be writing a report, explaining the method and presenting the results from each part of the project. You might find it useful to write this as you complete the work, so the report will be mostly written by the time it is assigned.

Share this conversation

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.

JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.

Web sites like justanswer.com/legal ...leave nothing to chance.

Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.

Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.

I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help. Mary C.Freshfield, Liverpool, UK

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help. Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.GPHesperia, CA

I couldn't be more satisfied! This is the site I will always come to when I need a second opinion.JustinKernersville, NC

Just let me say that this encounter has been entirely professional and most helpful. I liked that I could ask additional questions and get answered in a very short turn around. EstherWoodstock, NY

Thank you so much for taking your time and knowledge to support my concerns. Not only did you answer my questions, you even took it a step further with replying with more pertinent information I needed to know. RobinElkton, Maryland

He answered my question promptly and gave me accurate, detailed information. If all of your experts are half as good, you have a great thing going here.DianeDallas, TX

Meet The Experts:

linda_us

Master's Degree

Satisfied Customers:

852

A tutor for Business, Finance, Accounts and other related topics.