Golf Course Designer Roberto Langabeer Is Evaluating Two Sites, Palmetto $\sigma$

question 44

Multiple Choice

Golf course designer Roberto Langabeer is evaluating two sites, Palmetto Dunes and Ocean Greens, for his next golf course. He wants to prove that Palmetto Dunes residents (population 1) play golf more often than Ocean Greens residents (population 2) . Roberto commissions a market survey to test this hypothesis. The market researcher used a random sample of 64 individuals from each suburb, and reported the following: ₁ = 15 times per month and
₂ = 14 times per month. Assume that $\sigma$ ₁ = 2 and $\sigma$ ₂ = 3. With $\alpha$ =.01, the observed z value is ___.

• A) 2.22
• B) 12.81
• C) 4.92
• D) 3.58
• E) 1.96

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Definitions:

Absorption Costing

An accounting method that includes all manufacturing costs—direct materials, labor, and both variable and fixed overhead—as part of the cost of a finished product.

Absorption Costing

An accounting method that includes all manufacturing costs - direct materials, direct labor, and both variable and fixed overheads - in the cost of a product.

Variable Costing Income (VCI)

An accounting method that includes only variable costs—costs that change with production level—in calculating net income.

Full Costing Income (FCI)

A method of accounting that allocates all fixed and variable costs to products, operations or projects to determine profitability.