TABLE 12-13
According to an Article in Marketing News, Fewer

question 98

True/False

TABLE 12-13
According to an article in Marketing News, fewer checks are being written at grocery store checkout stands than in the past. To determine whether there is a difference in the proportion of shoppers who pay by check among three consecutive years at a 0.05 level of significance, the results of a survey of 500 shoppers in three consecutive years are obtained and presented below.
$$\begin{array}{l}\text {\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad Year }\\\begin{array} { c | c | c | c } \hline \text { Check Written } & \text { Year 1 } & \text { Year 2}& \text { Year 3 } \\\hline \text { Yes } & 225 & 175 & 125 \\\text { No } & 275 & 325 & 375\end{array}\end{array}$$
-Referring to Table 12-13, the assumptions needed to perform the test are satisfied.

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Definitions:

Depreciable Non-Current Asset

A long-term asset subject to depreciation, which systematically reduces its book value over its useful life to account for wear and tear.

NCI Share

NCI Share refers to Non-Controlling Interest share, which is the portion of equity in a subsidiary not attributable directly or indirectly to the parent company.

Useful Life

The estimated period over which a tangible asset is expected to be usable by the entity, affecting its amortization or depreciation rate.

Tax Rate

The rate at which taxes are levied on a person or a business entity.