Consider a Multinomial Experiment Involving N = 200 Trials and K

question 24

Essay

Consider a multinomial experiment involving n = 200 trials and k = 5 cells. The observed frequencies resulting from the experiment are shown in the following table: $$\begin{array} { | l | c | c | c | c | c | } \hline \text { Cell } & 1 & 2 & 3 & 4 & 5 \\\hline \text { Frequency } & 16 & 44 & 56 & 48 & 36 \\\hline\end{array}$$ The null hypothesis to be tested is as follows.
H₀ : p₁ = 0.05, p₂ = 0.25, p₃ = 0.35, p₄ = 0.20, p₅ = 0.15.
Test the hypothesis at the 5% level of significance.

Analyze the effects of fixed manufacturing overhead on cost calculation and reporting.

Calculate the predetermined overhead rate based on estimated and capacity levels.

Identify the role of machine-hours and other allocation bases in overhead rate calculation.

Understand the financial implications of basing overhead rates on estimated vs. capacity activity levels.

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