Find the Standardized Test Statistic Estimate $z$ , to Test the Hypothesis That

question 58

Multiple Choice

Find the standardized test statistic estimate, $z$ , to test the hypothesis that $\mathrm { p } 1 > \mathrm { p } 2$ . Use $\alpha = 0.01$ . The sample statistics listed below are from independent samples.
Sample statistics: $\mathrm { n } _ { 1 } = 100 , \mathrm { x } _ { 1 } = 38$ , and $\mathrm { n } _ { 2 } = 140 , \mathrm { x } _ { 2 } = 50$

• A) 0.362
• B) 2.116
• C) 1.324
• D) 0.638

---

Definitions:

Merchandise Inventories

Goods that are held by a business for the purpose of resale to customers in the ordinary course of business.

Sales Budget

An estimate of expected sales revenue for a period, forming the basis for planning production, inventory, and cash flow.

Cash Receipts

The total amount of money received by a company during a given period, including all sources of income and revenue.

Cash Disbursements

The outflow of cash for expenses, purchases, or investments by a company during a given period.