A Machine Is Set to Fill the Small-Size Packages of M&M

question 25

Multiple Choice

A machine is set to fill the small-size packages of M&M candies with 56 candies per bag. A sample revealed three bags of 56,two bags of 57,one bag of 55,and two bags of 58. To test the hypothesis that the mean candies per bag is 56,how many degrees of freedom are there?

• A)9
• B)1
• C)8
• D)7

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Definitions:

Bank Reconciliation

Process of verifying the accuracy of both the bank statement and the cash accounts of a business.

Bad Debt Expense

This refers to an expense recognized by businesses to account for invoices that are unlikely to be paid by customers.

Income from Operations

The earnings generated from a company's principal business activities, excluding non-operating income and expenses such as interest and taxes.

Internal Control

The processes and procedures implemented by a company to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.