Test Hypotheses About a Population Proportion
-In a Sample, 76 $38 \%$

question 79

Multiple Choice

Test Hypotheses about a Population Proportion
-In a sample, 76 people or $38 \%$ of the people in the sample said that the mayor should be prosecuted for misconduct. How many people where in the sample?

• A) 200
• B) 29
• C) 105
• D) 50

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Definitions:

Inventory Flow

The progression of goods through a business, typically from purchase or production to sale, characterized by methods such as FIFO, LIFO, and weighted average.

Average Cost Method

A method of inventory valuation where the cost of goods sold and ending inventory are determined by calculating the weighted average of the costs of all items available for sale.

Year-End Inventory

The total counted value of inventory that a business owns at the end of its fiscal year, which is used to calculate cost of goods sold and profitability.

Weighted Average Cost

A method of calculating the cost of inventory based on the average cost of all similar goods available during a specific period.