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Selected information from the separate and consolidated balance sheets and income statements of Pare, Inc. and its subsidiary, Shel Co., as of December 31, 20X5, and for the year then ended is as follows:
Additional information:
During 20X5, Pare sold goods to Shel at the same markup on cost that Pare uses for all sales.
-What was the amount of intercompany sales from Pare to Shel during 20X5?
Z-statistic
A statistical measurement that represents the number of standard deviations a data point is from the mean of a data set.
Parametric Tests
Statistical tests based on assumptions about the distribution of the data (e.g., that it is normally distributed).
Nonparametric Test
A statistical test used when the assumptions for parametric tests are not met, not requiring the population's distribution to follow any specific distribution.
Mann-Whitney U Test
A nonparametric test used to compare differences between two independent groups when the dependent variable is either ordinal or continuous, but not normally distributed.
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