Consider a Multinomial Experiment Involving 100 Trials and 3 Categories $$\begin{array} { | l | c c c | } \hline \text { Category } & 1 & 2 & 3 \\\hline \text { Frequency } & 38 & 35 & 27 \\\hline\end{array}$$

question 151

Essay

Consider a multinomial experiment involving 100 trials and 3 categories (cells).The observed frequencies resulting from the experiment are shown in the accompanying table.
$$\begin{array} { | l | c c c | } \hline \text { Category } & 1 & 2 & 3 \\\hline \text { Frequency } & 38 & 35 & 27 \\\hline\end{array}$$ Use the 5% significance level to test the hypotheses H₀: p₁ = .45,p₂ = .30,p₃ = .25 vs.H₁: At least one proportion differs from their specified values.

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Definitions:

Cost of Goods Sold

The direct costs attributable to the production of the goods sold in a company.

Underapplied Manufacturing Overhead

When the allocated manufacturing overhead cost is less than the actual overhead incurred.

Adjusted Cost of Goods Sold

The cost of goods sold figure that has been adjusted for any changes in inventory levels, ensuring it reflects the cost of goods actually sold during the period.

Underapplied Manufacturing Overhead

An occurrence where the overhead expenses budgeted for manufacturing fall short of the overhead costs that were truly incurred.