Use the following information for the next 7 questions.
PFA Corporation uses a throughput costing system and reported the following information for its first month of operations: 
-PFA's throughput ending inventory was
Definitions:
Alternative Hypothesis
A hypothesis that contradicts the null hypothesis; it suggests there is an actual effect or difference.
Two-sided Test
A statistical test that considers both directions of effect by evaluating whether a parameter is either significantly higher or lower than a hypothesized value, allowing for rejection of the null hypothesis for deviations in two directions.
P-value
A metric used in statistics to assist researchers in assessing the importance of their findings, signifying the chance of achieving the observed outcomes assuming the null hypothesis is accurate.
Test Statistic
A calculated value that is used to assess the evidence against the null hypothesis in a statistical test.
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