Use the Given Information to Find the P -Value $H _ { 1 } : p \neq 0.377$

question 7

Multiple Choice

Use the given information to find the P -value. Also, use a 0.05 significance level and state the conclusion about the null hypothesis (reject the null hypothesis or fail to reject the null hypothesis) . With $H _ { 1 } : p \neq 0.377$ the test statistic is z=3.06 .

• A) 0.0011 ; reject the null hypothesis
• B) 0.0022 ; fail to reject the null hypothesis
• C) 0.0022 ; reject the null hypothesis
• D) 0.0011 ; fail to reject the null hypothesis

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Definitions:

Long-term Liabilities

Debts or obligations that are due beyond the next twelve months.

Correcting Entries

Adjustments made in the accounting records to rectify mistakes made in previous financial transactions or entries.

Post-closing Trial Balance

A list of all accounts and their balances after closing entries are made, used to verify the equality of debits and credits.

Balance Sheet Accounts

Accounts that are reported on the balance sheet and include assets, liabilities, and equity sections, reflecting the financial position of a company at a specific time.