The Following Information Was Extracted from the Financial Records of Goss

question 26

Multiple Choice

The following information was extracted from the financial records of Goss Ltd for the year ended 30 June 2015: If there are 365 trading days per year, calculate for the managing director the number of days that debtors are outstanding at 30 June 2015.

• A) 114 days
• B) 51 days
• C) 86 days
• D) 43 days

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Definitions:

Null Hypothesis

A default hypothesis that there is no significant difference or effect, often tested against an alternative hypothesis in statistical analysis to evaluate the strength of evidence.

Test Statistic

A numerical value computed from a statistical test's sample data, used in hypothesis testing to determine whether to reject the null hypothesis.

Critical Value

A point on a statistical distribution that represents a threshold beyond which observations are considered to be statistically significant.

Two-Tailed Tests

Statistical hypothesis tests that consider the possibility of both positive and negative deviations from the null hypothesis.