Assume That a Hypothesis Test to Reject the Given Claim

question 143

Multiple Choice

Assume that a hypothesis test to reject the given claim will be conducted. Identify the type I or type II error for the test.
-The principal of a school claims that the percentage of students at his school that come from single-parent homes is 11%. Identify the type II error for the test.

• A) Reject the claim that the percentage of students that come from single-parent homes is equal to 11% when that percentage is actually 11%.
• B) Reject the claim that the percentage of students that come from single-parent homes is equal to 11% when that percentage is actually less than 11%.
• C) Fail to reject the claim that the percentage of students that come from single-parent homes is equal to 11% when that percentage is actually different from 11%.
• D) Fail to reject the claim that the percentage of students that come from single-parent homes is equal to 11% when that percentage is actually 11%.

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Definitions:

Acid-test Ratio

The acid-test ratio, also known as the quick ratio, measures a company's ability to pay its current liabilities without needing to sell inventory.

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within one year or within the normal operating cycle of the business.

Current Liabilities

Current liabilities are financial obligations a company is due to pay within one year, including accounts payable, short-term debts, and other similar liabilities.

Proportion

A segment, piece, or amount looked at in relation to the entirety.