The T-Test Tests for

question 8

Multiple Choice

The t-test tests for

• A) Differences between means.
• B) Whether a correlation is significant.
• C) Whether a regression coefficient is equal to zero.
• D) All of the above.

---

Definitions:

Ending Inventory

The value of goods available for sale at the end of an accounting period, calculated by adding purchases to beginning inventory and subtracting cost of goods sold.

Physical Inventory

The process of counting the actual inventory on hand at the end of an accounting period, usually for verification purposes.

Inventory System

A system for tracking inventory levels, orders, sales, and deliveries, which can be manual or technologically driven, helping businesses manage their stock efficiently.

Cost Of Goods Sold

The total cost associated with making or buying products that a company has sold during a specific period.