Georgia,Inc

question 169

Multiple Choice

Georgia,Inc.has collected the following data on one of its products.The direct materials quantity variance is:

• A)$30,000 favorable.
• B)$13,750 unfavorable.
• C)$16,250 favorable.
• D)$30,000 unfavorable.
• E)$13,750 favorablE.

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Definitions:

P-Value

Represents the probability that the observed data would occur by chance in a hypothesis test, used to infer the significance of experimental results.

Poisson Distribution

A statistical distribution predicting the probability of a given number of events happening in a fixed interval of time or space.

Observed Frequencies

The actual number of occurrences of events measured or recorded during a study or experiment.

Normal Distribution

A symmetric bell-shaped frequency distribution that is fully defined by its mean and standard deviation.