SCENARIO 10-5 To Test the Effectiveness of a Business School Preparation Course,8

question 15

Multiple Choice

SCENARIO 10-5
To test the effectiveness of a business school preparation course,8 students took a general business test before and after the course.The results are given below.

-Referring to Scenario 10-5,at the 0.05 level of significance,the conclusion for this hypothesis test is that there is sufficient evidence that:

• A)the business school preparation course does improve exam score.
• B)the business school preparation course does not improve exam score.
• C)the business school preparation course has no impact on exam score.
• D)no conclusion can be drawn from the information given.

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Definitions:

Financial Accounting Standards

Rules and guidelines developed by authoritative entities to govern how financial statements should be prepared and presented.

IASB

The International Accounting Standards Board, an independent body that develops and approves International Financial Reporting Standards (IFRS).

AICPA

The American Institute of Certified Public Accountants, a professional organization for certified public accountants in the United States.

SEC

Stands for the Securities and Exchange Commission, a U.S. government agency responsible for regulating the securities markets and protecting investors.