A True-False Test Had the Following Answer Sequence

question 37

Essay

A true-false test had the following answer sequence.
T T T T F T F T F T F T T F T
T T F F F F F F F T F T F T F
Test the null hypothesis that the sequence was random.

---

Definitions:

Treasury Stock

Shares that were once a part of the outstanding shares but were bought back by the company, reducing the amount of stock on the open market.

Statement of Cash Flows

A financial report that provides aggregate data regarding all cash inflows a company receives from its ongoing operations and external investment sources, as well as all cash outflows that pay for business activities and investments during a given period.

Transactions

Economic events that affect a business's financial position, involving the transfer of assets, provision of services, or incurring of obligations.

Merchandise Inventory

Products that a retailer, wholesaler, or distributor has on hand to sell to customers.