When a Computer Is Used for Accounting, the Journal May

question 45

Multiple Choice

When a computer is used for accounting, the journal may be stored in any of the following locations, EXCEPT

• A) the cloud.
• B) on a hard drive.
• C) in a paper file folder.
• D) on a USB drive.

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Definitions:

Significance Level

The threshold below which the p-value of test results must fall for the results to be considered statistically significant, typically denoted by alpha (α).

Normal Populations

Populations that follow a normal distribution, characterized by symmetrical bell-shaped curves where mean, median, and mode are equal.

Equal-variance T-test

A statistical test used to compare the means of two groups under the assumption that both groups have the same variance.

Population Variances

A measure of the spread or dispersion within a dataset, representing the average of the squared differences from the mean of the population.