Exhibit 18-2 Students in Statistics Classes Were Asked Whether They Preferred a Preferred

question 29

Multiple Choice

Exhibit 18-2
Students in statistics classes were asked whether they preferred a 10-minute break or to get out of class 10 minutes early. In a sample of 150 students, 40 preferred a 10-minute break, 80 preferred to get out 10 minutes early, and 30 had no preference. We want to determine if there is a difference in students' preferences.
-Refer to Exhibit 18-2. To test the null hypothesis, the appropriate probability distribution to use is the

• A)normal
• B)chi-square
• C)t distribution
• D)binomial

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Definitions:

FOB Shipping Point

A term used in shipping agreements that means "Free on Board Shipping Point," indicating that the buyer is responsible for freight and other shipping costs from the seller's location.

FOB Destination

A shipping term that means the seller retains the risk of loss or damage to goods until they are delivered to the buyer's specified location.

Merchandise Inventory

Goods that a retailer or wholesaler purchases to sell to customers, held as an asset on the balance sheet.

Work in Process

Refers to partially finished goods that are still in the production process at the end of an accounting period.