The Following Data Was Collected as Part of a Study

question 9

Multiple Choice

The following data was collected as part of a study examining whether there is a difference between the number of hours men and women watch television. The values represent the number of hours a subject watched television on a designated Monday night. In the process of computing the test value the data from both samples should be combined, arranged in order, and ranked according to each group. Calculate the sum of the ranks for both groups. Lower values rank ahead of higher ones.

• A) The sum of the ranks for the men is 162.5, and the sum of the ranks for the woman is 137.5.
• B) The sum of the ranks for the men is 170, and the sum of the ranks for the woman is 130.
• C) The sum of the ranks for the men is 130, and the sum of the ranks for the woman is 170.
• D) The sum of the ranks for the men is 137.5, and the sum of the ranks for the woman is 162.5.

---

Definitions:

Year-End Inventory

Year-End Inventory is the total value of all inventory held by a company at the end of its fiscal year, crucial for financial reporting and tax calculations.

Weighted Average Cost

A method of inventory valuation that calculates the cost of goods sold and ending inventory based on the average cost of all units available for sale.

Inventory Balance

The total value of a company's goods and materials held in stock, as recorded on the balance sheet.

Weighted Average Cost

A method of valuing inventory and cost of goods sold that considers the cost of each item in proportion to its quantity.