If the Standard Deviation, σ Is Known the Z-Distribution Values

question 80

Multiple Choice

If the standard deviation, σ is known the z-distribution values may not be used to determine interval estimates for the population mean when

• A)n<30
• B)the distribution is not normal
• C)the distribution is skewed
• D)n is big
• E)n is small (<30)and the distribution is not normal

---

Definitions:

Inventory Turnover

A measure of how frequently a company's inventory is sold and replaced over a period.

Cost of Goods Sold

Expenses directly related to manufacturing goods for sale by a business, covering both material and labor expenses.

Inventory

The raw materials, work-in-progress goods, and completely finished goods that are considered to be the portion of a business's assets that are ready or will be ready for sale.

Net Realizable Value

The estimated selling price of goods minus the costs of their sale or disposal, used in inventory valuation and accounts receivable.