Which of the Following Best Explains How to Find the Test

question 7

Multiple Choice

Which of the following best explains how to find the test statistic for the one-sample sign test?

• A) Scores above the median are assigned a plus sign (+); scores below the median are assigned a negative sign (-); the test statistic is the number of pluses or minuses, whichever occurs most often.
• B) Scores are correlated as either positive (+) or negative (-); the test statistic is the extent to which scores are positively or negatively correlated.
• C) Scores are coded as being consistent (+) or inconsistent (-) with the null hypothesis; the test statistic is the number of pluses or minuses, whichever occurs most often.
• D) The variability of scores is compared with the variance stated by the null hypothesis; larger variability is considered a sign that the data are significant.

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Definitions:

Labor Rate Variance

The difference between the actual cost of labor and the budgeted cost of labor at the standard rate.

Variable Overhead Rate Variance

The difference between the actual variable overhead incurred and the expected variable overhead based on standard cost accounting.

Variable Overhead Rate Variance

The difference between the actual variable overhead incurred and the expected variable overhead based on the predetermined rate.

Direct Materials

Raw materials that are directly traceable to the manufacturing of a specific product and included in the direct costs of production.