Exhibit 9-6

question 75

Multiple Choice

Exhibit 9-6.The Institute of Education Sciences measures the high school dropout rate as the percentage of 16- through 24-year-olds who are not enrolled in school and have not earned a high school credential.In 2009,the high school dropout rate was 8.1%.A polling company recently took a survey of 1000 people between the ages of 16 and 24 and found 6.5% of them are high school dropouts.The polling company would like to determine whether the dropout rate has decreased. Refer to Exhibit 9-6.When testing whether the dropout rate has decreased,the appropriate hypotheses are _____________.

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Definitions:

Prime Cost

The combined total of direct materials and direct labor costs associated with the production of a product, excluding overhead costs.

Direct Labor Cost

The wages and other remunerations paid to employees who are directly involved in the production of goods or the provision of services.

Conversion Cost

The total cost of converting raw materials into finished goods, including labor and manufacturing overhead expenses.

Manufacturing Overhead

The collective expenses not directly tied to the production of a specific product, including costs like factory rent or utilities.