A lumber company has claimed that the standard deviation for the lengths of their six-foot boards is .5 inches or less. To test their claim, a random sample of 17 six-foot boards is selected; and it is determined that the variance of the sample is .4 . Do the results of the sample support the company's claim? Use ? = .1
Since ?2 = 25.60 > 23.542, reject H0; no, the sample results do not support the company's claim.
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On the work sheet, the capital and drawing account balances are extended to the Balance Sheet columns
Indicate whether the statement is true or false
The formula to calculate inventory turnover is ________
a. Cost of merchandise sold / Average inventory b. Beginning inventory / Cost of merchandise sold c. Cost of merchandise sold / Ending inventory d. Average inventory / Cost of merchandise sold
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