A Researcher Is Testing a Hypothesis of a Single Mean $\alpha$

question 31

Multiple Choice

A researcher is testing a hypothesis of a single mean.The critical z value for $\alpha$ = .05 in a two-tailed test is +1.96.The observed z value from sample data is 2.85.The decision made by the researcher based on this information is to _____ the null hypothesis.

• A)reject
• B)fail to reject
• C)redefine
• D)change the alternate hypothesis
• E)restate

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Definitions:

Permanent Accounting Record

A permanent accounting record is a documented history of a company's financial transactions that are kept for long-term reference and compliance purposes.

General Ledger

A comprehensive record of all financial transactions that occur within a company, serving as the primary source for preparing financial statements.

Journal

A detailed record where all financial transactions of a business are initially recorded before being transferred to accounts in the general ledger.

Income Statement Columns

The structure within an income statement that divides financial information into columns, typically including amounts for the current period, budgeted figures, and variances.