Which of the Following Is True Regarding Setting Up a Hypothesis

question 160

Multiple Choice

Which of the following is true regarding setting up a hypothesis test?

• A)If you do not reject the null hypothesis,you have proven it to be true.
• B)The null hypothesis may refer to a sample statistic such as the sample mean
• C)The alternative hypothesis never includes an equal sign
• D)The null and alternative hypotheses may or may not be collectively exhaustive statements.

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Definitions:

Monthly Fixed Component

The portion of fixed costs, such as rent or salaries, that does not change with the volume of production or sales in a given month.

Lubrication Cost

The expense associated with maintaining machinery through oiling and greasing to ensure smooth operation.

Variable Lubrication Cost

A variable cost associated with the amount of lubrication needed for machinery in the manufacturing process, which varies with the level of production activity.

Machine Hour

A unit of measure that represents the operation of machinery or equipment for one hour, used in allocating manufacturing overhead.