Consider the Following to Answer the Question(s) Below

question 23

Multiple Choice

Consider the following to answer the question(s) below:
A paint manufacturer is interested in determining whether there is a difference in time it takes for two different brands of paint to dry once they have been applied to a wall surface. To test this, the company has selected a random sample of 5 walls and applied Brand 1, and another 5 walls and applied Brand 2. The following data reflect the actual drying time in hours:

-The appropriate nonparametric method to use for these data is the

• A) Wilcoxon rank-sum test.
• B) Kruskal-Wallis test.
• C) Kendall's tau test.
• D) Spearman's rho test.
• E) Wilcoxon signed-rank test.

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Definitions:

Variable Costing

An accounting method that only allocates variable costs to inventory, treating fixed costs as expenses of the period.

Absorption Costing

A method of costing that includes all manufacturing costs - direct materials, direct labor, and both variable and fixed manufacturing overhead - in the cost of a product.

Operating Income

Operating income is the profit realized from a company's regular business operations, excluding deductions of interest and taxes, as well as any gains or losses from non-operating activities.

Direct Costing

A cost accounting method where only variable costs (direct materials, direct labor, variable manufacturing overhead) are included in product costs, fixed overhead costs are expensed in the period they are incurred.