The Canadian government would like to test the hypothesis that the standard deviation for the hourly wage for men is equal to the standard deviation for the hourly wage for women
The following data summarizes the sample statistics for hourly wages for men and women. Men WomenSample standard deviation $6.10 $6.80Sample size 21 25Using ? = 0.05, the conclusion for this hypothesis test would be that because the test statistic is _________________________________.A) more than the critical value, we fail to reject the null hypothesis and conclude that the standard deviation for the hourly wage for men is equal to the standard deviation for the hourly wage for women
B) more than the critical value, we can reject the null hypothesis and conclude that the standard deviation for the hourly wage for men is not equal to the standard deviation for the hourly wage for women
C) less than the critical value, we reject the null hypothesis and conclude that the standard deviation for the hourly wage for men is not equal to the standard deviation for the hourly wage for women
D) less than the critical value, we fail to reject the null hypothesis and cannot conclude that the standard deviation for the hourly wage for men is not equal to the standard deviation for the hourly wage for women
D
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Which of the following describes the cash budget?
A) It aids in planning to ensure the company has adequate inventory and cash on hand. B) It captures the variable and fixed expenses of the business. C) It depicts the breakdown of sales based on terms of collection. D) It helps in planning to ensure the business has adequate cash.
The sales-volume variance is:
A) $9,600 favorable B) $2,400 unfavorable C) $10,000 unfavorable D) $12,000 favorable