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Test whether he given claim is supported or not supported using a 0.05 significance level. Assume that the sample has been randomly selected from a population with a normal distribution.
-A researcher wants to check the claim that convicted burglars spend an average of 18.7 months in jail. She takes a random sample of 11 such cases from court files and finds that x = 20.8 months and s = 7.4 months. Use a 0.05
Significance level to test whether the claim that that the average time is not 18.7 months is supported or not
Supported.
Journal Entry
A record in the books of accounts that represents a business transaction and its effect on the company's financial position.
Accounts
Financial records of a company's transactions, maintaining detailed information about revenue, expenses, assets, liabilities, and equity.
Dividends Declared
Profits that a company's board of directors has decided to distribute to its shareholders, usually in the form of cash payments or additional shares.
Shareholders' Equity
The remaining value of a company's assets after liabilities are subtracted, which signifies the ownership stake of the shareholders.
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