Use the Given Information to Find The $P$ -Value Also, Use A to Find

question 24

Multiple Choice

Use the given information to find the $P$ -value. Also, use a $0.05$ significance level and state the conclusion about the null hypothesis (reject the null hypothesis or fail to reject the null hypothesis) . With $H _ { 1 } : p > 0.554$ , the test statistic is $z = 1.34$ .

• A) \(0.9099\); fail to reject the null hypothesis
• B) \(0.0901\); reject the null hypothesis
• C) \(0.0901\); fail to reject the null hypothesis
• D) \(0.1802\); reject the null hypothesis

---

Definitions:

Step-Wise Cost

Costs that remain constant for a certain level of activity but jump to a higher amount once a threshold is crossed.

Fixed Cost

Overheads that stay stable no matter the production or sales figures, involving costs like property rent, employee salaries, and insurance policies.

Relevant Range

The span of activity level or volume in which the specific assumptions of cost behavior are considered to be applicable.

Break-Even Point in Units

The point at which sales volumes result in no profit or loss, calculated by dividing fixed costs by the contribution margin per unit.