In Testing the Hypotheses: H₀ $\beta$ ₁ = 0 Vs $\beta$ ₁ $\neq$

question 205

Multiple Choice

In testing the hypotheses: H₀: $\beta$ ₁ = 0 vs.H₀: $\beta$ ₁ $\neq$ 0,the following statistics are available: $n = 10$ , $b _ { 0 } = - 1.8$ , $b _ { 1 } = 2.45$ , $s _ { ? _ { 1 } } = 1.20$
,and $\hat { y } = 6$ .The value of the test statistic is:

• A) 2.042
• B) 0.306
• C) -1.50
• D)-0.300

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Definitions:

Absorption Costing

Absorption Costing is an accounting method that includes all of the manufacturing costs (direct materials, direct labor, and both variable and fixed manufacturing overhead) in the cost of a product.

Variable Overhead

Costs that fluctuate with production volume, such as utilities or materials used in production.

Variable Costing

A costing method that includes variable manufacturing costs—direct materials, labor, and variable overhead—in the cost of production.

Absorption Costing

A method of accounting that encompasses all costs associated with manufacturing, such as direct materials, direct labor, and variable as well as fixed manufacturing overhead, in the pricing of a product.