It Is Possible to Directly Compare the Results of a Confidence

question 130

Multiple Choice

It is possible to directly compare the results of a confidence interval estimate to the results obtained by testing a null hypothesis if

• A)a two-tail test for \(\mu\) is used.
• B)a one-tail test for \(\mu\) is used.
• C)Both of the previous statements are true.
• D)None of the previous statements is true.

---

Definitions:

Revenue Account

An account that tracks the income earned by a business, from sales or other sources, during an accounting period.

Expense Account

An account used to record the consumption of assets, including costs incurred in the operation of a business, contributing to a reduction in equity.

Merchandise Inventory

Goods a company intends to sell to customers, typically in a retail or wholesale setting.

Replacement Price

The current cost of replacing an asset or inventory with a similar item.