Assume That a Simple Random Sample Has Been Selected from a Normally

question 22

Essay

Assume that a simple random sample has been selected from a normally distributed population and test the given claim. Use either the traditional method or P-value method as indicated.
Identify the null and alternative hypotheses, test statistic, critical value(s)or P-value (or range
of P-values)as appropriate, and state the final conclusion that addresses the original claim. A
public bus company official claims that the mean waiting time for bus number 14 during peak
hours is less than 10 minutes. Karen took bus number 14 during peak hours on 18 different
occasions. Her mean waiting time was 7.6 minutes with a standard deviation of 2.3 minutes.
At the 0.01 significance level, test the claim that the mean waiting time is less than 10
minutes. Use the P-value method of testing hypotheses.

Analyze the financial reporting and disclosure requirements for investments in associates as per AASB 128.

Evaluate the impact of dividends, profits, losses, and other adjustments on the carrying amount of an investment.

Recognize the conditions under which significant influence is presumed and its indicators.

Determine the effects of inter-entity transactions on financial statements and the importance of deferred tax considerations.

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Definitions:

Rural Communities

Areas that are located outside towns and cities, often characterized by low population density and agricultural-based economies.

Urban Areas

Densely populated regions characterized by high human settlement and infrastructure of built environment.

Individual Choice

The decision by an individual of what to do, which necessarily involves a decision of what not to do.

Government Announces

Official statements made by government officials or agencies about plans, policies, or other important information.