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TABLE 10-14
The use of preservatives by food processors has become a controversial issue. Suppose two preservatives are extensively tested and determined safe for use in meats. A processor wants to compare the preservatives for their effects on retarding spoilage. Suppose 15 cuts of fresh meat are treated with preservative I and 15 are treated with preservative II, and the number of hours until spoilage begins is recorded for each of the 30 cuts of meat. The results are summarized in the table below.
Preservative I Preservative II
I = 106.4 hours
II = 96.54 hours
SI = 10.3 hours SII = 13.4 hours
-Referring to Table 10-14, suppose α = 0.05. Which of the following represents the correct conclusion?
Collection Delay
The time lag between the date an entity issues an invoice and the date it actually receives payment.
Average Daily Receipts
The average amount of cash generated through sales or services rendered on a daily basis.
Customers
Individuals or businesses that purchase goods or services from a company.
Collection Delay
The time lag between when a payment is made by a buyer and when the funds become available to the seller.
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