Given: Null Hypothesis Is That the Population Mean Is 16

question 30

Multiple Choice

Given: null hypothesis is that the population mean is 16.9 against the alternative hypothesis that the population mean is not equal to 6.9. A random sample of 16 items results in a sample mean of 18.0
And the sample standard deviation is 2.4. It can be assumed that the population is normally distributed. Determine the observed "t" value.

• A) t = 2.12
• B) t = 1.50
• C) t = 1.75
• D) t = 1.83
• E) None of these statements are true

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Definitions:

Transfer Price

The price at which goods or services are sold between divisions within the same company.

External Market

The environment outside a business in which it operates, dealing with the supply, demand, and pricing of goods and services.

Variable Manufacturing Cost

Costs that vary directly with the level of production output, such as raw materials and direct labor.

Revenue Centre Manager

A manager responsible for generating income and overseeing the revenue generation activities of a particular business unit, without direct control over costs or investments.