Find the Critical Value at The $\alpha = 0.05$ = 005 Level for the Following Sample, for Testing H₀:m=55 Versus

question 22

Multiple Choice

Find the critical value at the $\alpha = 0.05$ = 0.05 level for the following sample, for testing H₀:m=55 versus H₁:m>55.
40 70 63 55 44 69 67 54 55 70 66 53 67 64

• A)4
• B)2
• C)1
• D)3

---

Definitions:

Class Action Lawsuit

A legal action filed by one or several individuals on behalf of a larger group of people who are affected by the same issue.

General Purpose Financial Reporting

Financial statements prepared to meet the information needs of various stakeholders not directly involved in managing the entity.

IASB

The International Accounting Standards Board, an independent body responsible for the development and publication of International Financial Reporting Standards (IFRS).

FASB

The Financial Accounting Standards Board, which is responsible for developing accounting standards in the United States.