Show that if Mi = M and mi = m for all i, and if the cost

Question:

Show that if Mi = M and mi = m for all i, and if the cost function is C = c1n + c2nm, then

minimizes the variance for fixed total cost C. Show the result with MSW and
MSB first, then use Exercise 24(b).

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Sampling Design and Analysis

ISBN: 978-0495105275

2nd edition

Authors: Sharon L. Lohr

See More Books

Question Posted: Dec 12, 2015 04:15 AM

See More Questions

Show that if M i = M and mi = m for all i, and if the cost function is C = c 1 n + c 2 nm, then minimizes the variance for fixed total cost C. Show the result with MSW and MSB first, then use...
Suppose the same firms cost function is C (q) = 4q2 + 16. a) Find variable cost, fixed cost, average cost, average variable cost, and average fixed cost. (Marginal cost is given by MC = 8q.) b) Show...
Suppose the cost function is given by c(y) = 2y 2 + 32 a) Draw the AC, AVC and MC curves one the same graph, Clearly label an point, where the curves intersect. b) Find the short run supply curve and...
Activity-based costing systems should be used instead of traditional costing systems if ________. A. indirect production costs are a large percentage of production costs B. different products consume...
Give 95% confidence intervals for the remaining four population mean responses to the Club Med resorts (the one for Guadeloupe having been given in the text).
Forever Young, Inc., has developed a drug that will diminish the effects of aging. Forever Young has spent $1,000,000 on research and development and $2,108,000 for clinical trials. Once the drug is...
Efficiency is the ratio of _____ to _____.
Classify the following costs of activity inputs as variable, fixed, or mixed. Identify the activity and the associated activity driver that allow you to define the cost behavior. For example, assume...
What is the present value of a perpetual stream of cash flows that pays $6,500 at the end of year one and the annual cash flows grow at a rate of 4% per year indefinitely, if the appropriate discount...
Carol & Jerry, LLP, pays the Good Eats Cafe each month for the lunches the two accountants eat there each work day. While at lunch, Carol and Jerry always discuss some business. Often Carol and Jerry...
For the situation in Exercise 25, let msto represent the mean square total from the sample ANOVA table. a. Write msto as a function of msb and msw, and use the results of Exercise 25(c) to find...
In Example 5.12, a systematic sampling scheme was proposed for detecting hazardous wastes in landfills. How far apart should sampling points be placed? Suppose that if there is leakage, it will...
Historically, 5 percent of a mail-order firm's repeat charge-account customers have an incorrect current address in the firm's computer database. (a) What is the probability that none of the next 12...
Which aspects of your business should you keep inhouse and which should you outsource? How do you protect your competitive advantage?
What are some of the root causes of these problems, and in what ways might these be addressed?
If you are considering a new venture, how does it interact with the social problems you are concerned with? What are the ways in which your venture could have impact on these problems?
In what other ways does your venture impact society and the environment?
What ideas do you have for a new business? a. What ideas can you draw from your past work experience? b. What ideas can you draw from your familys work experience?
Ahmad must decide between two publishers who are vying for his new book. Publisher A offers royalties of 1% of net proceeds on the first 30,000 copies and 3.5% on all copies in excess of that figure,...
Decades after the event, Johnson & Johnson (J&J), the 130-year-old American multinational, is still praised for swiftly The company indicated that its response was based on the expectations set forth...
For a fixed sample size, what is the value of the true population proportion p that maximizes the variance of the sample proportion P-hat?
The average value of $1.00 in euros in early 2007 was 0.76. If = 0.02 and n = 30, find P(0.72 < x < 0.82).
In problem 5-41, what is the probability that the sample mean will be at least 1,000? Do you need to use the central limit theorem to answer this question? Explain. In problem 5-41 Suppose you are...
Sam's grade in a Biology class will be figured on five 1 0 0 . point exams. Sam scored 7 0 % , 8 2 % , 9 1 % , and 6 0 % on the first four exams. What score must Sam score on the fifth exam in order...
What contradiction did the Reagan presidency reveal about modern conservatism? a . Republicans brought more women into public office than any other party, but actively legislated for men's rights. b...
A special storage room is maintained at 10 C at sea level (1 atm) pressure. If a bucket of water is placed into this storage room, will the water freeze?

Show that if Mi = M and mi = m for all i, and if the cost

Question:

cIM(MSW) 2(MSB-MSW 2(NM DR

Step by Step Answer:

The cost constraint implies that n C c1 c 2 m su...View the full answer

Sampling Design and Analysis

Students also viewed these Statistics questions