TABLE 12-20 A Filling Machine at a Local Soft Drinks Company Is

question 2

True/False

TABLE 12-20
A filling machine at a local soft drinks company is calibrated to fill the cans at a mean amount of 12 fluid ounces and a standard deviation of 0.5 ounces.The company wants to test whether the standard deviation of the amount filled by the machine is 0.5 ounces.A random sample of 15 cans filled by the machine reveals a standard deviation of 0.67 ounces.
-True or False: Referring to Table 12-20,the decision is to reject the null hypothesis when using a 5% level of significance.

---

Definitions:

Bonds Payable

A financial accounting term that refers to the bonds a company has issued that must be repaid at a future date.

Earnings Per Share

A company's net profit divided by the number of its outstanding shares, indicating the profitability per share of stock.

Acid-test Ratio

A financial metric that measures a company's ability to pay its current liabilities without relying on the sale of inventory.

Debt to Assets Ratio

A financial metric indicating the proportion of a company's assets financed through debt, used to assess financial leverage.