A College Researcher Claims That the Median Hours Worked by Full

question 64

Multiple Choice

A college researcher claims that the median hours worked by full time students is at least 10 hours per week. In a random sample of 100 students, 65 worked more than 10 hours, 10 worked exactly 10 hours and the rest
Worked less than 10 hours. Find the critical value to test the researcherʹs claim. Use $$\alpha$$ = 0.05.

• A)-1.645
• B)-1.96
• C)-2.33
• D)-2.575

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Definitions:

Production Methods

Various techniques and processes used in the creation of goods and services, ranging from manual labor to advanced manufacturing technologies.

Standard Cost Systems

Accounting systems that use standards for each element of manufacturing cost entering into the finished product.

Product Costs

The total of direct materials, direct labor, and manufacturing overhead allotted to a product, representing the cost to produce goods.

Volume Variance

The difference between the budgeted fixed overhead at 100% of normal capacity and the standard fixed overhead for the actual production achieved during the period.