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 significance of a career plan and personal development in a professional setting.

Acknowledge the complexities of ethical dilemmas and decision making in a corporate environment.

Appreciate the role of self-competency in personal and professional growth.

Understand the concept of professional competency and its components.

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Definitions:

Net Operating Income

The profit generated from a company's everyday business operations, excluding taxes and interest.

Units

In the context of manufacturing and accounting, it refers to the individual items or quantities produced by a company.

Planning Budget

A budget created for a specific period in the future which is used for planning purposes, reflecting the strategic objectives of an organization.

Budgeting Formulas

Mathematical expressions or calculations used in the process of preparing budgets, forecasting revenues, and controlling costs.