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WEEK7QUIZ

# WEEK7QUIZ - hypothesis and conclude the means are different...

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Grading Summary These are the automatically computed results of your exam.  Grades for essay questions, and comments from your  instructor, are in the "Details" section below.  Date Taken:  10/1/2011 Time Spent: 29 min , 44 secs  Points Received: 9 / 10  (90%)  Question Type: # Of Questions: # Correct: Multiple Choice 10 9 Grade Details

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1. Question : If the calculated value of t is +2.70, what would be the decision using the 0.01 level  of significance?   Student Answer: Reject the null hypothesis  and conclude the means are  different.    Reject the null hypothesis  and conclude the means are  the same.    Fail to reject the null  hypothesis and conclude the  means are the same.    Fail to reject the null
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Unformatted text preview: hypothesis and conclude the means are different. Points Received: 1 of 1 Comments: 2. Question : Accounting procedures allow a business to evaluate their inventory at LIFO (Last In First Out) or FIFO (First In First Out). A manufacturer evaluated its finished goods inventory (in \$ thousands) for five products both ways. Based on the following results, is LIFO more effective in keeping the value of his inventory lower? What is the degree of freedom? Student Answer: 4 5 15 10 9 Points Received: 1 of 1 Comments: * Times are displayed in (GMT-06:00) Central Time (US & Canada)...
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WEEK7QUIZ - hypothesis and conclude the means are different...

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