Exhibit 20

question 49

Multiple Choice

Exhibit 20.11.A wine magazine wants to know if chefs can tell the difference between duck liver pate and wet dog food.Eighteen chefs were asked to rate both the pate and dog food on a scale from 1 to 5,with 1 corresponding to "inedible" and 5 to "very tasty".The results are shown in the following table. Refer to Exhibit 20.11.Assuming has the standard normal distribution,the p-value for the test is:

• A)Less than 0.01
• B)Between 0.01 and 0.05
• C)Between 0.05 and 0.10
• D)Greater than 0.10

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Definitions:

Product Cost

Product cost is the total expense incurred to produce and deliver a good or service, including direct materials, direct labor, and manufacturing overhead.

Drill Bits

Cutting tools used to remove material to create holes, almost always of circular cross-section.

Plant Assembly

This refers to the process of constructing finished goods from raw materials in a manufacturing facility.

Process Costing

An accounting methodology used for homogeneous products, where costs are assigned based on an average per unit, useful for continuous manufacturing settings.