Coronet company provided the following information related to its inventory sales and purchases for december 2013 and the first quarter of 2014: dec. 2013 jan. 2014 feb. 2014 mar. 2014 (actual) (budgeted) (budgeted) (budgeted) cost of goods sold $47,000 $77,000 $97,000 $67,000 desired ending inventory levels are 32% of the following month's projected cost of goods sold. budgeted purchases of inventory in february 2014 would be:

Which is cheaper: eating out or dining in? the mean cost of a flank steak, broccoli, and rice bought at the grocery store is $13.04 (money.msn website, november 7, 2012). a sample of 100 neighborhood restaurants showed a mean price of $12.75 and a standard deviation of $2 for a comparable restaurant meal. a. develop appropriate hypotheses for a test to determine whether the sample data support the conclusion that the mean cost of a restaurant meal is less than fixing a comparable meal at home. b. using the sample from the 100 restaurants, what is the p-value? c. at a = .05, what is your conclusion? d. repeat the preceding hypothesis test using the critical value approach