If We Were Comparing the Difference Between the Mean Number

question 15

Multiple Choice

If we were comparing the difference between the mean number of sports drinks consumed by males versus females,and we calculated a z value of 6.43,we would conclude that:

• A)the probability of support of the null hypothesis of no difference is less than .01 because 6.43 is greater than 2.58.
• B)the probability of support of the alternative hypothesis of no difference is less than .01 because 6.43 is greater than 2.58.
• C)the probability of support of the null hypothesis of no difference is less than .01 because 6.43 is less than 2.58.
• D)the probability of support of the alternative hypothesis of no difference is less than .01 because 6.43 is less than 2.58.
• E)there is a 6.43 percent chance that the two means are not significantly different.

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Definitions:

Factory Overhead

Indirect manufacturing costs not directly associated with the production of goods, such as depreciation of equipment, maintenance, and utilities.

Equivalent Units

A concept in cost accounting used to denote the amount of finished goods units that could have been produced given the total amount of production inputs.

Conversion Costs

The expenses specifically associated with converting raw materials into finished goods, including labor and overhead costs.

First-In, First-Out

A method for managing inventories and accounting, assuming that the earliest goods purchased are the first to be sold or used.