Soft Drink A Soft Drink Dispenser Is Set to Automatically Dispense Drinks

question 58

Short Answer

Soft drink
A soft drink dispenser is set to automatically dispense drinks and ice in 8 oz.cups.The machine is set to fill the cups with 7 1/4 oz.so that the liquid will not run over the top of the cup.The company is getting complaints that the machine is filling the cups too full and spilling over.When the machine is operating properly,only 1% of the cups will not be filled properly.The production manager conducted a one-tail hypothesis test at the 0.01 level to check the machine.A sample of 50 fills was measured.
-The power of the test refers to the probability of:

---

Definitions:

Accrued Revenue

Income that has been earned but not yet received or recorded at the date of the financial statements.

Deferred Revenue

Revenue that has been received by a company for goods or services yet to be delivered or performed.

Accrued Expense

An accounting term referring to an expense that has been incurred but not yet paid, leading to an accounts payable.

Prepaid Expenses

Costs that are paid in advance for goods or services to be received in the future, recognized as assets on the balance sheet.