A Fast-Food Company Uses Two Management-Training Methods $\begin{array}{lcc} & \text { Mean } & \text { Standard Deviation } \\\text { Method 1 } & 69 & 3.4 \\\text { Method 2 } & 72 & 3.8\end{array}$

question 80

Short Answer

A fast-food company uses two management-training methods.Method 1 is a traditional method of training,and Method 2 is a new and innovative method.The company has just hired 31 new management trainees.15 of the trainees are randomly selected and assigned to Method 1,and the remaining 16 trainees are assigned to Method 1 .After three months of training,the management trainees take a standardized test.The test is designed to evaluate their performance and learning from the training.The sample mean score and sample standard deviation of the two methods are given below.Company management wants to determine whether the company should implement the new training method.
$\begin{array}{lcc} & \text { Mean } & \text { Standard Deviation } \\\text { Method 1 } & 69 & 3.4 \\\text { Method 2 } & 72 & 3.8\end{array}$
What is the absolute value of the rejection point (critical value of the test statistic)at α = .05?

---

Definitions:

Process Costing

A costing method used when essentially homogeneous products are produced on a continuous basis.

Cost Reconciliation Report

A financial report that reconciles the estimated, budgeted, or standard costs with the actual costs incurred.

Costs Accounted For

The total costs assigned to completed units and units still in production, ensuring that all manufacturing costs are allocated according to the cost accounting method in use.

Beginning Work in Process Inventory

The inventory of partially finished goods at the start of an accounting period.