The Weight of a Product Is Measured in Pounds $\sigma$ ² = 100 Lbs

question 70

Multiple Choice

The weight of a product is measured in pounds.A sample of 50 units is taken from a batch.The sample yielded the following results: = 75 lbs. ,but we know that $\sigma$ ² = 100 lbs.Calculate a 95 percent confidence interval for .

• A)[71.25 78.75]
• B)[72.23 77.77]
• C)[47.28 102.72]
• D)[72.67 77.33]

Calculate and apply appropriate journal entries for merchandise sales and purchases.

Understand the concept of inventory shrinkage and how to account for it.

Distinguish between the net method and the gross method of recording purchases.

Comprehend the structure and differences between single-step and multiple-step income statements.

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