The Number of Television Sets Produced from an Assembly Line

question 29

Multiple Choice

The number of television sets produced from an assembly line each day is known to have a standard deviation of 17.4 sets per day.The production line averaged 452.3 sets per day for 20 randomly selected days.Which of the following represents a 95% confidence interval for the population mean number of sets per hour?

• A)452.3 ± 9.4
• B)452.3 + 11.3
• C)452.3 ± 13.8
• D)452.3 ± 7.63

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Definitions:

Uncollectible

Refers to accounts receivable that are unlikely to be recovered from debtors.

Debited

An accounting term describing an entry that increases an asset or expense account, or decreases a liability or equity account.

Allowance for Doubtful Accounts

An estimate of the amount of accounts receivable that may not be collectible.

Bad Debts Expense

Represents the recognition of accounts receivable that a company is unable to collect, treated as an expense in the income statement.