Test Whether He Given Claim Is Supported or Not Supported

question 45

Multiple Choice

Test whether he given claim is supported or not supported using a 0.05 significance level. Assume that the sample has been randomly selected from a population with a normal distribution.
-A researcher wants to check the claim that convicted burglars spend an average of 18.7 months in jail. She takes a random sample of 11 such cases from court files and finds that x = 20.8 months and s = 7.4 months. Use a 0.05
Significance level to test whether the claim that that the average time is not 18.7 months is supported or not
Supported.

• A)supported
• B)not supported

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Definitions:

Cost of Goods Sold

The direct costs attributable to the production of goods sold by a company, including materials and labor.

Cost of Goods Manufactured

The total cost incurred by a company to produce goods in a specific period, including materials, labor, and overhead costs.

Accounting Records

Documentation and books that capture all financial transactions of a business, company, or individual, providing a basis for financial statements and audits.

Cost of Goods Available

The total cost of inventory available for sale, calculated as the beginning inventory plus the cost of goods manufactured or purchased.