Compute the Test Statistic Used to Test the Null Hypothesis

question 17

Multiple Choice

Compute the test statistic used to test the null hypothesis that p₁ = p₂
-Information about movie ticket sales was printed in a movie magazine. Out of fifty PG-rated movies, 45% had ticket sales in excess of $3,000,000. Out of thirty-five R-rated movies, 27% grossed over $3,000,000.

• A)3.372
• B)2.698
• C)5.227
• D)1.686

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Definitions:

Overapplied Overhead

A situation where the allocated manufacturing overhead cost is more than the actual overhead incurred.

Manufacturing Overhead

Refers to all the indirect factory-related costs incurred from manufacturing a product that cannot be directly traced to a specific product.

Indirect Labor

The wages paid to employees who are not directly involved in the production of goods or services but support the manufacturing process, such as maintenance staff and supervisors.

Work in Process

Inventory that includes goods partially completed in the manufacturing process but not yet ready for sale.