Formulate the Indicated Conclusion in Nontechnical Terms

question 23

Multiple Choice

Formulate the indicated conclusion in nontechnical terms. Be sure to address the original claim.
-A psychologist claims that more than 24 percent of the population suffers from professional problems due to extreme shyness. Assuming that a hypothesis test of the claim has been conducted and that the conclusion is failure to reject the null hypothesis, state the conclusion in nontechnical terms.

• A) There is not sufficient evidence to support the claim that the true proportion is greater than 24 percent.
• B) There is not sufficient evidence to support the claim that the true proportion is less than 24 percent.
• C) There is sufficient evidence to support the claim that the true proportion is less than 24 percent.
• D) There is sufficient evidence to support the claim that the true proportion is greater than 24 percent.

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Definitions:

Comparability

A quality that enables users to identify similarities and differences between two or more items of financial information.

Financial Reports

Detailed statements that provide information on a company's financial performance and position over a specific period.

Stockholders' Equity

The interest left in a corporation's assets, after removing its obligations, which indicates the ownership share.

Assets

Resources owned by a company that have economic value and can be used to meet its financial obligations.