For a Test of Hypothesis on P, It Is Safe

question 7

Multiple Choice

For a test of hypothesis on p, it is safe to assume if:

• A) np0 ≤ 5 and n(1-p0) ≤ 5.
• B) np0 ≤ 5 and n(1- p0) ≥ 5.
• C) np0 ≥ 5 and n(1-p0) ≥ 5.
• D) np0 ≥ 3 and n(1-p0) ≥ 3.

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Definitions:

Advertising Expense

A cost incurred by a business to promote its products, services, or brand names.

Indirect Materials

Materials that are used in the production process but are not directly traceable to a finished product, such as lubricants and cleaning supplies used in a manufacturing facility.

Prime Cost

The combined direct costs of manufacturing a product, specifically direct materials and direct labor.

Plant Janitor's Wages

The compensation paid to janitorial staff responsible for cleaning and maintaining industrial or manufacturing facilities.