A) What percentage improvement is needed in the supply chain strategy for profit to improve to $29 comma 00029,000? What is the cost of material with a $29 comma 00029,000 profit? A decrease of nothing% in material (supply-chain) costs is required to yield a profit of $29 comma 00029,000, for a new material cost of $nothing. (Enter your response for the percentage decrease to one decimal place and enter your response for the new material cost as a whole number.)

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