In Testing the Hypotheses Vs

question 197

Multiple Choice

In testing the hypotheses vs. , the sample mean is found to be 120. The null hypothesis:

• A) should be rejected
• B) should not be rejected
• C) should be rejected only if n > 30
• D) should be rejected only if n > 10
• E) should be none of these

---

Definitions:

FOB Shipping Point

A term used in shipping agreements indicating that the buyer is responsible for paying shipping costs and for the goods at the point of departure from the seller's shipping dock.

Inventory Turnover

An indicator of the number of times a business's inventory turns over and is replenished during a certain period, demonstrating how efficiently inventory is managed.

Specific Identification Method

An inventory valuation method that tracks the actual cost of each specific item of inventory to determine cost of goods sold and ending inventory.

Average-Cost Method

An inventory costing method that calculates the cost of goods sold and ending inventory value based on the weighted-average cost of all items.