![]() ![]() ![]() The goods, billed to the customer FOB shipping point on December 30, 20X2, had a cost of $120,000. Goods in the shipping area were excluded from inventory although shipment was not made until January 3, 20X3. The following information was obtained from Fizz, Inc.:Advertising Costs $10,600Indirect Labor 7,000CEO's Salary 500,000Direct Labor 56,000Indirect Materials Used 7,500Direct Materials Used 370,000Factory Utilities 800Factory Janitorial Costs 2,500Manufacturing Equipment Depreciation 2,500Delivery Vehicle Depreciation 2,600Administrative Wages and Salaries 33,900How much were Fizz's period costs? Herc Co’s inventory at December 31, 20X2 was $1,500,000 based on a physical count priced at cost, and before any necessary adjustment for the following: Merchandise costing $90,000 shipped FOB shipping point from a vendor on December 30, 20X2 was received and recorded on January 5, 20X3. Therefore the correct option is B) If we examine a sample of tires used for 60,000 miles and determine the proportion that are worn out, how likely is that proportion to be 3.6% or less?įor more information, refer the link given belowī/question/10322288?referrer=searchResults You cannot prove that the average is actually 3.6%, but if you somehow determine that the probability the average is greater than 3.6% is lower than 100% minus your confidence level p% ,then you can refuse the null hypothesis and accept the alternative one as new average. Now a new average based on the evidence will propose. ![]() We want to refuse the null hypothesis with an alternative one. : The proportion of tires that are worn out after 60,000 miles is less than 0.05 : The proportion of tires that are worn out after 60,000 miles is equal to 0.05. Manufacturer tests 250 tires that have been used for 60,000 miles and find that 3.6% of them are worn out. Manufacturer considers the overall tire quality to be acceptable if less than 5% are worn out at 60,000 miles. The correct option is B) If we examine a sample of tires used for 60,000 miles and determine the proportion that are worn out, how likely is that proportion to be 3.6% or less?Ī tire manufacturer has a 60,000 mile warranty for tread life. In order to assess the evidence, which question best describes what we need to determine? Group of answer choices If we examine a sample of tires used for 60,000 miles and determine the proportion that are worn out, how likely is that proportion to be less than 5%? If we examine a sample of tires used for 60,000 miles and determine the proportion that are worn out, how likely is that proportion to be 3.6% or less? If we examine the proportion of worn out tires in the population of tires used for 60,000 miles, how likely is that proportion to be 5%? If we examine the proportion of worn out tires in the population of tires used for 60,000 miles, how likely is that proportion to be less than 5%? If we examine the proportion of worn out tires in the population of tires used for 60,000 miles, how likely is that proportion to be 3.6%? Answers H a: The proportion of tires that are worn out after 60,000 miles is less than 0.05. H 0: The proportion of tires that are worn out after 60,000 miles is equal to 0.05. With this data, we test the following hypotheses. They find that 3.6% of them are worn out. The manufacturer tests 250 tires that have been used for 60,000 miles. The manufacturer considers the overall tire quality to be acceptable if less than 5% are worn out at 60,000 miles. ![]() Mathematics College Which questions best describes: A tire manufacturer has a 60,000 mile warranty for tread life. ![]()
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