Critical Value: Z = 2

question 168

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 76 adults selected randomly from one town, it is found that 12 of them have been exposed to a particular strain of the flu. Find the P-value for a test to reject the claim that the proportion of all adults in the
Town that have been exposed to this strain of the flu is 8%.

• A) 0.0262
• B) 0.0124
• C) 0.0062
• D) 0.0524

---

Definitions:

Cost-Cutting

The process of reducing expenses to improve profitability without compromising the core activities of an organization.

Depreciated Straight-Line

A method of allocating the cost of a tangible asset over its useful life, resulting in a consistent expense amount each period.

Pre-tax Salvage Value

The estimated value of an asset at the end of its useful life before taxes are taken into account.

Variable Costs

Expenses that change in direct proportion to the amount of goods or services produced, including costs for labor and materials.