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Listed below are selected accounts. In the blank spaces provided for each account, indicate what type of account it is, its normal balance, and the debit/credit rules for increasing and decreasing it. Use the following abbreviations for your answer:
Test Statistic
A value calculated from sample data used to make a decision whether to reject the null hypothesis in hypothesis testing.
Test Statistic
A value calculated from sample data during hypothesis testing, used to determine the probability of observing the sample data under the null hypothesis.
Null Hypothesis
A default statement that there is no significant effect or difference, subject to testing against an alternative hypothesis.
Alternative Hypothesis
A hypothesis that contradicts the null hypothesis, indicating there is a significant difference between two or more sets of data.
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