In Testing the Hypotheses:
H₀ : ? = 950
H_{1 $\neq$}

question 121

Essay

In testing the hypotheses:
H₀ : ? = 950
H₁ : ? $\neq$$\neq$ 950,
the following information was given: ? = 1000, $\alpha$ = 0.05, ? = 180 and n = 75.
It was found that ? = 0.2061.
a. Recalculate ? if n = 100.
b. What is the effect of increasing the sample size on the value of ??

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Definitions:

Process Costing Systems

A costing method used in manufacturing where costs are assigned to processes or departments for mass-produced goods.

Work in Process Inventory

Items that are in the production process but are not yet completed, representing one of the stages in the production cycle.

Production Departments

Specific areas or units within a manufacturing facility where goods are produced.

Process Costing System

A costing method used for homogeneous products, allocating costs based on the process or department through which they pass.