Determine If the Outcome Is Unusual $\mu - 2 \sigma$ Or Greater Than

question 152

Multiple Choice

Determine if the outcome is unusual. Consider as unusual any result that differs from the mean by more than 2 standard deviations. That is, unusual values are either less than $\mu - 2 \sigma$ or greater than $\mu + 2 \sigma$ .
-The Acme Candy Company claims that 8% of the jawbreakers it produces actually result in a broken jaw. Suppose 9571 persons are selected at random from those who have eaten a jawbreaker produced at Acme Candy Company. Would it be unusual for this sample of 9571 to contain 792 persons with broken jaws?

• A)No
• B)Yes

Understand the calculation of total job costs.

Learn how to calculate selling prices based on manufacturing cost markups.

Master the application of overhead using departmental predetermined overhead rates with machine-hours as the allocation base.

Gain insights into the relationship between manufacturing overhead and selling prices.

---

Definitions:

Contract Law

The branch of law dealing with the formation, interpretation, and enforcement of contracts.

Uniform Commercial Code (UCC)

The UCC codifies and harmonizes trade laws across the United States, facilitating interstate commerce.

Convention on Contracts

Refers to international treaties or conventions that lay down rules for contracts, particularly in international trade, such as the United Nations Convention on Contracts for the International Sale of Goods (CISG).

Revoke the Offer

The act of withdrawing a proposal that was previously presented to another party before it has been accepted.