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TABLE 10-14
The use of preservatives by food processors has become a controversial issue. Suppose two preservatives are extensively tested and determined safe for use in meats. A processor wants to compare the preservatives for their effects on retarding spoilage. Suppose 15 cuts of fresh meat are treated with preservative I and 15 are treated with preservative II, and the number of hours until spoilage begins is recorded for each of the 30 cuts of meat. The results are summarized in the table below.
Preservative I Preservative II
I = 106.4 hours
II = 96.54 hours
SI = 10.3 hours SII = 13.4 hours
-Referring to Table 10-14, suppose α = 0.05. Which of the following represents the result of the relevant hypothesis test?
Book Value
The value of a company's asset as it appears on the balance sheet, calculated as the cost of the asset minus accumulated depreciation.
Merchandise Inventory
Goods or products that a retailer, wholesaler, or distributor holds for the purpose of selling to customers.
Gain on Realization
Profit recognized from selling an asset for more than its book value.
Loss or Gain
The financial result from business transactions, investments or other financial events, indicating a profit (gain) or a deficit (loss).
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