Do One of the Following, as Appropriate: (A) Find the Critical

question 1

Multiple Choice

Do one of the following, as appropriate: (a) Find the critical value $\mathrm { z } _ { \alpha / 2 }$ , (b) find the critical value $t _ { \alpha / 2 }$ , (c) state that
neither the normal nor the t distribution applies.
- $91 \% ; \mathrm { n } = 45 ; \sigma$ is known; population appears to be very skewed.

• A) \(\mathrm { t } _ { \alpha / 2 } = 1.34\)
• B) \(\mathrm { z } _ { \alpha / 2 } = 1.75\)
• C) \(\mathrm { z } _ { \alpha / 2 } = 1.70\)
• D) \(t _ { \alpha / 2 } = 1.645\)

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Definitions:

Receivables Period

The amount of time it takes for a company to collect payments owed by its customers after a sale has been made, typically measured in days.

Inventory

The goods and materials a business holds for the ultimate goal of resale or production.

Cost of Goods Sold

Material and labor costs that are directly attributable to the manufacturing of a company’s products.

Sales

In the context of business, sales refer to the transactions and activities involved in selling goods or services to customers, often measured in terms of the total revenue generated.