Question: Mark's Ceramics spent $ 4 , 0 0 0 on a new furnace last year in the belief that it would cut annual energy usage

Mark's Ceramics spent $

4, 000

on a new furnace last year in the belief that it would cut annual energy usage by

25 %

over the old furnace. This furnace is an oven

that turns "greenware" into finished pottery. Mark is concerned that the new furnace requires extra labor hours for its operation. Mark wants to check the energy

savings of the new oven, and also to look over other measures of their productivity to see if the change really was beneficial. Mark has the following data to work

with:

(25

points

)

Were the changes beneficial based on productivity calculations?

Mark's Ceramics spent $4,000 on a new furnace last year in

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