Which of the Following Is (Are) Assumption(s) Underlying the Use

question 150

Multiple Choice

Which of the following is (are) assumption(s) underlying the use of the F test?

• A) the raw score populations are normally distributed
• B) the variances of the raw score populations are the same
• C) the mean of the populations differ
• D) the raw score populations are normally distributed and the variances of the raw score populations are the same
• E) all of these

---

Definitions:

FIFO Cost Assumption

"First-In, First-Out," an inventory costing method that assumes the first items put into inventory are the first ones sold, affecting the calculation of cost of goods sold and ending inventory.

Perpetual

A system or inventory accounting method where updates are made continuously to record every sale or purchase.

Periodic Inventory System

An inventory system under which the company does not keep detailed inventory records throughout the accounting period but determines the cost of goods sold only at the end of an accounting period.

Auto Manufacturer

A company that specializes in producing and selling automobiles.