Two Thousand Numbers Are Selected Randomly; 960 Were Even Numbers

question 122

Essay

Two thousand numbers are selected randomly; 960 were even numbers.
a.State the hypotheses to determine whether the proportion of odd numbers is significantly different from 50%.
b.Compute the test statistic.
c.At 90% confidence using the p-value approach, test the hypotheses.

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Definitions:

Activity Bases

Activity Bases refer to the measures used in activity-based costing for allocating fixed costs to products or services based on the activities that drive these costs.

Costs

The monetary value required to produce goods or services, including materials, labor, and overhead expenses.

Direct Labor

The labor costs directly associated with the manufacture of products or the provision of services, including wages of workers who can be directly linked to specific goods or services.

Variable Factory Overhead

Costs that fluctuate with the level of production, such as utilities and materials used in the manufacturing process.