You Want to Test Whether or Not the Following Sample

question 4

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. ​ At the 5% level of significance, the conclusion of the test is that the

• A) null hypothesis cannot be rejected.
• B) data does not follow a normal distribution.
• C) sample data has no probability distribution.
• D) sample data is incorrect.

Understand the concept of incremental analysis and its application in making business decisions.

Analyze various cost components (direct materials, direct labor, overhead) in manufacturing decisions.

Evaluate make-or-buy, continue-or-discontinue, and other operational decisions using incremental analysis.

Apply the principles of incremental analysis to special order decisions.