FOB Shipping Point Means That The

question 110

Multiple Choice

FOB shipping point means that the:

• A) seller normally pays the transportation costs.
• B) buyer normally pays the transportation costs.
• C) buyer and the seller split the shipping costs.
• D) shipping costs are billed to the seller.

---

Definitions:

P-value

The odds of seeing results from a test that are at least as extreme as the observed results, with the assumption that the null hypothesis is accurate.

Sampled Populations

Populations from which samples are drawn for the purpose of conducting research or statistical analysis.

Sample Sizes

The number of observations or items selected from a population to constitute a sample.

Confidence Interval

A confidence interval is a range of values, derived from the sample data, that is believed to contain the true population parameter with a certain level of confidence.