You Want to Test Whether or Not the Following Sample

question 6

Multiple Choice

You want to test whether or not the following sample of 30 observations follows a normal distribution.The mean of the sample equals 11.83 and the standard deviation equals 4.53. ​ The calculated value for the test statistic equals

• A) 0.
• B) 1.67.
• C) 2.
• D) 6.

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Definitions:

Finished Goods

Items that have completed the manufacturing process but have not yet been sold or distributed to end-users.

Materials Ledger

A record keeping system that tracks the quantities and costs of raw materials used and on hand in the manufacturing process.

General Ledger

A complete record of all financial transactions over the life of a company, serving as the primary source of information for the financial statements.

Receiving Report

A document usually prepared by the receiving department detailing the goods received by a business, which is then used to verify invoices before payment.