Which of the Following Is an Assumption Required by the Analysis

question 152

Multiple Choice

Which of the following is an assumption required by the Analysis of Means (ANOM) ?

• A)The variance of the groups is different.
• B)The observations from each of the groups are assumed to be approximately normally distributed.
• C)The shape of the distribution of the observations from the groups is different.
• D)The number of observations in each group has to be at least 30.

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Definitions:

Cash Budgeting

The process of estimating future cash inflows and outflows to determine the cash position and to plan for any surplus or deficit.

Financial Statements

Written records that convey the business activities and the financial performance of a company.

GAAP

Generally Accepted Accounting Principles, which are a set of rules and standards used in the United States for financial reporting.

Accounts Payable

Liabilities of a business that are owed to creditors for goods and services purchased on credit.