It Is Claimed That in a Bushel of Peaches,less Than

question 32

Multiple Choice

It is claimed that in a bushel of peaches,less than 10% are defective. A sample of 400 peaches is examined and 50 are found to be defective. What is the null hypothesis?

• A)H₀: π ≠ 0.10
• B)H₀: π ≥ 0.10
• C)H₀: π ≤ 0.10
• D)H₀: π < 0.10

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Definitions:

Absorption Costing

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

Fixed Manufacturing Overhead

Costs that do not vary with the level of production output, including rent, salaries of permanent staff, and depreciation of factory equipment.

Production Volume

The total quantity of goods or products that a factory or production system can produce over a specific period.

Sales Volume

Refers to the total number of units sold within a given period.