Under What Conditions Would You Use the T Distribution to Test

question 23

Multiple Choice

Under what conditions would you use the t distribution to test the significance of a single sample proportion?

• A)none,use the Z distribution as long as sample size is large
• B)only when the population standard deviation is known
• C)only when sample size is less than or equal to 120
• D)only when the population is normally distributed

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Definitions:

Cost Driver

An activity or factor that incurs costs based on its level of use or consumption, influencing the total cost of production.

Activity Level

A measure of the volume or quantity of production or operations in a business, which can significantly impact costs.

Job Order Cost

The total cost associated with a specific job order, including direct materials, direct labor, and allocated manufacturing overhead.

Process Cost System

An accounting system used to track and assign costs to units of product in continuous, homogenous production processes.