Use the Following Information to Answer the Question

question 38

Multiple Choice

Use the following information to answer the question. A dowsing rod is a "Y" or "L" shaped instrument that some believe can find ground water. Many dowsers today use a pair of simple L- shaped metal rods. One rod is held in each hand, with the short arm of the L held upright, and the long arm pointing forward. When something is found, the rods cross over one another making an "X" over the found object. Skeptics of dowsing conducted an experiment to see if dowsing rods could find ground water. Five identical 3 foot by 3 foot plots of land were sectioned off and a container of water was buried in one of the plots. Below is a summary of the experiment results and the output for the goodness- of- fit test.

-Of the following statements, which one is not true about the chi- square statistic and p- value? Choose (d) if all statements are true.

• A)Under the assumption that the null is true, the p- value is the probability that the chi- square statistic will be as big as or bigger than the observed value.
• B)The larger the chi- square statistic, the smaller the p- value.
• C)On the chi- square distribution, the p- value is represented by the area under the curve to the right of the chi- square statistic.
• D)All of these statements are true.

Master the use of flexible budgeting for performance evaluation and management control.

Understand the concept of a flexible budget and its purpose in managerial accounting.

Recognize how fixed and variable costs behave within a flexible budget as activity levels change.

Calculate total expenses and net operating income in a flexible budget under different scenarios.

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Definitions:

Formal Systems

Structured, rule-based procedures and methodologies established for consistent operation within organizations.

Work Processes

The tasks, procedures, and routines that are carried out to accomplish work objectives in an organization.

Structured Coordination

The deliberate arrangement and management of tasks, efforts, and communication within an organization to achieve coherence and efficient collective action.

Workarounds

Informal solutions or methods used to overcome problems or limitations in procedures or systems.