The controller for camden’s bike shop has gathered the following cost and activity level information: average total cost per unit $225.00 production level used to calculate average cost 1,000 total fixed costs $80,000 what is the total cost of producing 1,000 racing bicycles? what is the variable cost of producing each racing bicycle? suppose the controller uses the average cost to predict total costs. what total cost would the controller calculate for 2,500 racing bicycles? if the controller uses the cost equation to predict total costs, what total cost would the controller calculate for 2,500 racing bicycles? is there a difference between the forecasted total cost using average cost versus the cost equation? if there is a difference, what creates the difference? if there is no difference, when would there be a difference?

Alarge university wanted to study the relationship between completing an internship during college and students' future earning potential. prom the same graduating class, they selected a random sample of 80 students who completed an internship and 100 students who did not complete an internship and examined their salaries five years after graduation. they found that there was a statistically higher mean salary for the internship group than for the noninternship group. which of the following interpretations is the most appropriate? a. there could be a confounding variable, such as student major, that explains the difference in mean salary between the internship and no internship groups.b. we cannot infer anything from these data since the distribution of salaries is likely right skewed.c. you cannot draw any valid conclusions because the sample sizes are different.d. more students should complete internships because having an internship produces a higher salary.