A chi-square test for independence with 8 degrees of freedom results in a test statistic of 18.21 . Using the chi-square table, the most accurate statement that can be made about the p-value for this test is that:
a. p-value > 0.20.
b. 0.025 > p-value > 0.01.
c. 0.05 > p-value > 0.025.
d. 0.10 > p-value > 0.05.
e. 0.20 > p-value > 0.10.
B
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Each of the following might, by itself, form a valid basis for an auditor to reduce substantive testing except for the:
A. difficulty and expense involved in testing a particular item. B. assessment of control risk at a low level. C. high quality of the evidence gathered. D. low inherent risk involved.
Hosanna Furnishings finished Job A40, which involved $4,000 of direct materials and $600 of direct labor. Hosanna uses a predetermined overhead allocation rate based on 40% of direct labor costs
Provide the journal entry needed to record the completion of the job. Omit explanation.
The economic order quantity is given by ______.
A. the square root of ([2 times demand times ordering costs] divided by holding costs) B. the square root of (holding costs divided by [2 times demand times ordering costs]) C. the square of ([2 times demand times ordering costs] divided by holding costs) D. the square of (holding costs divided by [2 times demand times ordering costs])
We Care, a nonprofit environmental organization, believes that Quanaco is violating the Clean Air Act. The EPA has not taken any action against Quanaco. We Care can file a citizens' suit against the EPA
a. True b. False Indicate whether the statement is true or false