A Sample of 400 Journalism Majors at a Research University

question 12

Multiple Choice

A sample of 400 journalism majors at a research university were asked if they agreed with the following statement "Government should be more involved in oversight and regulation of reporting". Fifty-two (52) percent of the respondents agreed with the statement.
-The p-value associated with the test statistic is _____.

• A).0001
• B).2000
• C).2119
• D).2881
• E).4238

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Definitions:

Physical Inventory

A detailed listing of merchandise on hand.

Perpetual Inventory System

A method that continuously updates inventory records to reflect sales, returns, and additions in real time.

Perpetual Inventory System

An inventory management system where stock levels are updated in real-time following each purchase or sale.

Inventory Account

An account used to record the value of inventory held by a business, including goods ready for sale and those in the process of being produced.