Bean World Company produces two distinct product lines: dried beans and canned beans.Due to changing consumer tastes,the company is evaluating these two cash generating units for impairment for the year ending December 31,2016.Relevant information is as follows:
Required:
Determine whether either product line is impaired,and if so,the amount of the impairment.
Definitions:
Confidence Interval Estimate
A range of values, derived from sample data, that is likely to contain the value of an unknown population parameter, with a specified level of confidence.
Population Variance
The average of the squared differences from the Mean, representing the variance of an entire population.
Chi-Square Value
A statistic that measures the discrepancy between observed and expected frequencies in categorical data, used in hypothesis testing.
Confidence Interval
A range of values, derived from sample statistics, that is likely to contain the value of an unknown population parameter with a specified level of confidence.
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