Critical Value: Z = 2

question 184

Multiple Choice

Critical value: z = 2.33. Fail to reject null hypothesis. There is not sufficient evidence to support the claim
that more than half of all those using the drug experience relief.
-In a sample of 88 children selected randomly from one town, it is found that 8 of them suffer from asthma. Find the P-value for a test to reject the claim that the proportion of all children in the town who suffer from asthma is
Equal to 11%.

• A) 0.2157
• B) -0.2843
• C) 0.2843
• D) 0.5686

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Definitions:

Cost of Goods Sold

Cost of Goods Sold (COGS) represents the direct costs attributable to the production of the goods sold in a company.

Finished Goods Inventory

The inventory of goods that are completed and ready for sale.

Goods Available

The total inventory that a company has ready for sale at the beginning of an accounting period, including both produced and acquired goods.

Raw Materials

Basic materials used in the production process to create goods and services.