Once You Have the Significance Value of the T-Test, It

question 14

Multiple Choice

Once you have the significance value of the t-test, it is beneficial to calculate the effect size. Cohen's d is a measure of effect size. How is it calculated?

• A) (mean 2 - mean 1) / mean of the standard deviation
• B) (mean 2 - mean 1) × mean of the standard deviation
• C) (mean 2 + mean 1) - mean of the standard deviation
• D) (mean 2 / mean 1) + mean of the standard deviation

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Definitions:

Predetermined Fixed Overhead

A budgeted or estimated amount of fixed overhead costs, used to allocate overhead costs to products or services.

Variable Costing

A costing method that includes only variable costs—direct materials, direct labor, and variable manufacturing overhead—in the cost of a unit of product, excluding fixed overhead costs.

Absorption Costing

Absorption Costing is a method of inventory costing that includes all manufacturing costs - direct materials, direct labor, and both variable and fixed manufacturing overhead - in the cost of a product.

Inventory Decreases

A reduction in the quantity of goods or materials held in stock, which can impact production, sales, and the overall financial health of a business.