If the P Value Is Less Than α in a Two-Tailed

question 151

Multiple Choice

If the p value is less than α in a two-tailed test,

• A) the null hypothesis should not be rejected.
• B) the null hypothesis should be rejected.
• C) a one-tailed test should be used.
• D) More information is needed to reach a conclusion about the null hypothesis.

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Definitions:

Decision Makers

Individuals or groups within an organization responsible for making choices that affect the company’s strategy, operations, and financial outcomes.

Adjusting Journal Entries

Entries made in the accounting records to correct errors or allocate income and expenses to the correct periods.

Journal Entry Icon

A graphical representation or shortcut in software, used to access the feature where financial transactions are manually recorded.

Trial Balance

A bookkeeping report that lists the balances of all ledgers and accounts to check that debits equal credits in the double-entry accounting system.