Which of the Following Assumptions Is Made While Preparing a Sales

question 74

Multiple Choice

Which of the following assumptions is made while preparing a sales budget?

• A)The number of units to be sold and selling price per unit
• B)The cash to be received from units sold
• C)The contribution margin per unit and the number of units to be sold
• D)The number of units the manufacturing facility is able to produce

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Definitions:

Hypothesis Testing

A method of statistical inference used to decide whether there is enough evidence in a sample of data to support a particular belief or hypothesis about a population.

Tentative Beliefs

Preliminary conclusions or hypotheses that are subject to validation or revision based on further evidence or analysis.

Null Hypothesis

The presumption that there is no significant difference or effect, often used as a default hypothesis in statistical testing that the experiment aims to reject.

Alternative Hypotheses

The hypothesis that proposes there is a statistically significant difference between two parameters or that a particular parameter is significantly different from a hypothesized value.