In Hypothesis Testing If the Null Hypothesis Is Rejected, _____

question 28

Multiple Choice

In hypothesis testing if the null hypothesis is rejected, _____.

• A) no conclusions can be drawn from the test
• B) the alternative hypothesis must also be rejected
• C) the data must have been collected incorrectly
• D) the evidence supports the alternative hypothesis

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Definitions:

Receiving Report

A document used to record the receipt of goods from a supplier, noting quantities and condition of the items received.

Retail Inventory Method

The retail inventory method is an accounting practice that estimates the ending inventory balance of a retailer by using the cost to retail price ratio.

Physical Count

The process of manually counting inventory items to verify quantities and ensure the accuracy of records.

Most Current Prices

Refers to the latest available prices of goods, services, or assets, often used in the evaluation of market trends or valuation assessments.