The Principal of a High School Randomly Selected 30 Students

question 75

Essay

The principal of a high school randomly selected 30 students to take a math test.Of the 30 students who wrote the test,18 scored more than 75% and 12 scored below 75%.Perform a sign test to determine if the median score is greater than 50% using a 5% level of significance.

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Definitions:

Activity-Based Costing

A costing method that assigns costs to products or services based on the activities and resources that go into producing them.

Accumulating

The process of gathering or collecting items over a period of time.

Allocating

The process of distributing resources or expenses among departments, projects, or activities based on set criteria or methods.

Direct Materials Inventory

Raw materials that can be directly attributed to the production of finished goods, physically incorporated into the product.