Department a Had Total Sales of $84,000 and Department B

question 23

Multiple Choice

Department A had total sales of $84,000 and Department B had total sales of $36,000.Other Office Expenses,totaling $2,500,are allocated on the basis of total sales.The amount allocated to Department B is

• A) $750.
• B) $1,750.
• C) $1,250.
• D) $1,071.

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Definitions:

Hypothesis Testing

A statistical method used to determine if there is enough evidence in a sample of data to infer that a certain condition is true for the entire population.

Population Parameters

Numerical characteristics that summarize or describe aspects of a population, such as mean, variance, or standard deviation.

Test Statistic

A measure calculated from a sample data to perform a hypothesis test.

P-Value

The likelihood of getting findings from tests that are at least as extreme as what was observed, assuming the correctness of the null hypothesis.