THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 35

Essay

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
A random sample of ten homes in a particular suburb had the following selling prices (in thousands of dollars): 92,83,110,115,108,96,102,90,100,and 98.
-Check for evidence of nonnormality.

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Definitions:

Variable Selling Expense

Expenses that fluctuate in direct proportion to sales volume, including commissions and freight fees.

Fixed Manufacturing Overhead

Expenses related to manufacturing that remain constant regardless of the number of units produced, including property taxes and rent for factory buildings.

Direct Labour

The work performed by individuals directly involved in the manufacturing of products or providing services, whose costs are directly attributable to the products or services.

Direct Materials

The raw materials and components that are directly used in the manufacturing of a product and can be directly attributed to that product.