Use the Following to Answer Questions

question 80

Multiple Choice

Use the following to answer questions :
A random sample of 25 elements selected from a population produced a variance equal to 4.959.The null hypothesis is that the population variance is less than or equal to 3.90 and the alternative hypothesis is that the population variance is greater than 3.90.Assume that the population is normally distributed.The significance level is 1%.
-The critical value of chi-square is:

• A)42.980
• B)45.559
• C)41.638
• D)44.181

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Definitions:

Transaction Costs

Incremental direct costs that are directly attributable to the acquisition, issue, or disposal of a financial asset or financial liability.

Revenue Recognition

An accounting principle that outlines the specific conditions under which revenue is recognized within the financial statements.

Consignment

An arrangement where goods are left in the possession of another party to sell, but the ownership remains with the supplier until sold.

Initial Deposit

The first amount of money placed into an account or investment.