Stinehelfer Beet Processors, Incorporated, processes sugar beets in batches. A batch of sugar beets costs $60 to buy from farmers and $22 to crush in the company's plant. Two intermediate products, beet fiber and beet juice, emerge from the crushing process. The beet fiber can be sold as is for $36 or processed further for $28 to make the end product industrial fiber that is sold for $48. The beet juice can be sold as is for $56 or processed further for $34 to make the end product refined sugar that is sold for $82. What is the financial advantage (disadvantage) for the company from processing the intermediate product beet juice into refined sugar rather than selling it as is

The average u.s. household has $178,600 in life insurance. the standard deviation is $25,500. a local insurance agent would like to see how households in his city compare to the national average, and selects a simple random sample of 30 households from the city. for the households in the city, the average amount of life insurance is $188,800. a. based on the sample results, construct a 95% confidence interval for the true average amount of life insurance for households in the city. b. test the h0 : $178,600 ? ? to determine if the city's sample average is significantly different from the u.s. average amount of life insurance per household. use the conventional levels of significance.