You Want to Test Whether or Not the Following Sample

question 5

Multiple Choice

You want to test whether or not the following sample of 30 observations follows a normal distribution. The mean of the sample equals 11.83 and the standard deviation equals 4.53. ​ At the 5% level of significance, the conclusion of the test is that the

• A) null hypothesis cannot be rejected.
• B) data does not follow a normal distribution.
• C) sample data has no probability distribution.
• D) sample data is incorrect.

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Definitions:

Bank Statement

A monthly report from a bank that shows deposits recorded, checks cleared, other debits and credits, and a running bank balance. This same information is available on a daily basis from the bank’s online banking site.

Credit Terms

The conditions under which credit is extended by a seller to a buyer, including payment deadline, discount for early payment, and service charge for late payment.

Annual Basis

Annual basis refers to any financial calculation or performance measurement taken over or normalized for a single year.

Outstanding Checks

Checks that have been issued and recorded in the issuing party's records but have not yet been cashed or cleared by the bank.