A Quality Assurance Technician Has Checked Fifteen 2-Liter Bottles of a Soft

question 19

Multiple Choice

A quality assurance technician has checked fifteen 2-liter bottles of a soft drink finding a 99% confidence interval of 1950 ml to 2025 ml for the mean fill volume.Which of the following is true?

• A)The sample indicates that the population mean lies between 1950 and 2025 ml.
• B)There is a 99% likelihood that the bottles are being under-filled so the bottling process should be stopped.
• C)The technician should recalculate at a 95% confidence interval.
• D)The sample indicates that the sample mean lies closer to 2 liters than not.

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Definitions:

Variable Costing

A costing technique that only assigns variable production costs to inventory, helping managers understand the impact of production levels on total costs.

Net Operating Income

The income produced through a firm's regular commercial activities, not including taxes and interest.

Variable Costing

A record-keeping system in accounting that inputs only variable production-related expenses (direct materials, direct labor, and variable manufacturing overhead) into the cost evaluation of goods.

Unit Product Cost

The total cost (both variable and fixed) associated with producing a single unit of product, calculated by dividing the total production costs by the number of units produced.