Hypothesis testing and estimation are two statistical tools that are used to draw inferences about a large data set based on a subset of the data

The following information was obtained from MCB Manufacturing, Inc

Advertising Costs $9,900 Indirect Labor 53,000 CEO's Salary 620,000 Direct Labor 40,000 Indirect Materials Used 7,500 Direct Materials Used 65,000 Factory Utilities 760 Factory Janitorial Costs 1,200 Manufacturing Equipment Depreciation 3,100 Delivery Vehicle Depreciation 1,000 Administrative Wages and Salaries 24,000 Calculate MCB Manufacturing's total product costs. A) $170,560 B) $654,900 C) $105,000 D) $165,500

You have just won a lottery! You can either receive $6,500 a year for 20 years or $100,000 as a lump sum payment today. What is the interest rate on the annuity option?

a. 2.64% b. 1.68% c. 2.20% d. 2.45% e. 1.95%