The Next Questions Are Based on the Following Information

question 9

Multiple Choice

The Next Questions Are Based On The Following Information:
An alcohol brewery firm claims that the proportion of alcohol in their new drink is at most 10 percent.A random sample of 100 bottles of the drink were selected and found to consist of 9 percent alcohol.
-What conclusions can be drawn using a level of significance equal to 0.10?

• A)Since the p-value equals 0.9965,fail to reject the null hypothesis and conclude that the proportion of alcohol is not greater than 10 percent.
• B)Since the p-value equals 0.6293 fail to reject the null hypothesis and conclude that the proportion of alcohol is not greater than 10 percent.
• C)Since the p-value equals 0.0485,reject the null hypothesis and conclude that that the proportion of alcohol is not less than 10 percent.
• D)Since the p-value equals 0.1977,reject the null hypothesis and conclude that that the proportion of alcohol is less than 10 percent.

Understand the preparation and components of a cash budget.

Identify factors excluding cash payments in budgeting such as depreciation expense.

Understand the purpose and components of capital expenditure budgets.

Understand the components and importance of a cash budget.

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Definitions:

Liquor Sales

The total volume or amount of alcoholic beverages sold within a given timeframe, often analyzed for economic or regulatory purposes.

Moving Averages

A statistical procedure used to analyze time series data by creating a series of averages of different subsets of the full data set.

Mattress Sales

Refers to the market or process involved in buying and selling mattresses, often evaluated in economic or business analyses.

Seasonal Pattern

A pattern in data that repeats itself at regular intervals due to seasonal factors.