Elwin Osbourne, CIO at GFS, Inc $\beta$ = 30
B)n = 300
C)p < 0

question 113

Multiple Choice

Elwin Osbourne, CIO at GFS, Inc., suspects that at least 25% of e-mail messages sent by GFS employees are not business related.A random sample of 300 e-mail messages was selected to test this hypothesis at the 0.01 level of significance.Fifty-four of the messages were not business related.The null hypothesis is ____.

• A)\(\beta\) = 30
• B)n = 300
• C)p < 0.25
• D)p ≠ 0.25
• E)p = 0.25

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Definitions:

FASB

The Financial Accounting Standards Board (FASB) is an independent organization that establishes accounting and financial reporting standards for companies and non-profit organizations in the United States.

Balance Sheet Element

Components of a balance sheet which typically include assets, liabilities, and shareholders' equity.

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Generally Accepted Accounting Principles, which are a common set of accounting rules and standards used in the United States.

Marketable Securities

Financial instruments that can be quickly converted into cash with minimal loss in value.