We intend to estimate the average driving time of a group of…

We intend to estimate the average driving time of a group of commuters. From a previous study, we believe that the average time is 42 minutes with a standard deviation of [s] minutes. We want our 99% confidence interval to have a margin of error of no more than plus or minus [E] minutes. What is the smallest sample size?   Hint: Don’t forget that if you are using the formulas, your answer must be a whole number, rounded up.

SAS Corporation produces and sells one product.   The budget…

SAS Corporation produces and sells one product.   The budgeted selling price per unit is $114. Budgeted unit sales for February is 9,900 units. Each unit of finished goods requires 6 pounds of raw materials. The raw materials cost $4.00 per pound. The direct labor wage rate is $24.00 per hour. Each unit of finished goods requires 2.4 direct labor-hours. Manufacturing overhead is entirely variable and is $9.00 per direct labor-hour. The variable selling and administrative expense per unit sold is $1.60. The fixed selling and administrative expense per month is $70,000.   The estimated net operating income (loss) for February is closest to: