In Performing a Hypothesis Test Where the Null Hypothesis Is

question 46

Multiple Choice

In performing a hypothesis test where the null hypothesis is that the population mean is 23 against the alternative hypothesis that the population mean is not equal to 23, a random sample of 17 items is selected.The sample mean is 24.6 and the sample standard deviation is 3.3.It can be assumed that the population is normally distributed.The degrees of freedom associated with this are _______.

• A)17
• B)16
• C)15
• D)2
• E)1

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Definitions:

Accounts Receivable

Represents the money owed to a company by its customers for goods or services that have been delivered but not yet paid for.

Bad Debt Expense

An expense associated with accounts receivable that is not expected to be collected.

Receivables Portion

The part of a company's assets that represents money owed to the company by customers for goods or services delivered or used but not yet paid for.

Balance Sheet

A financial statement summarizing a company's assets, liabilities, and shareholders' equity at a specific point in time.