When the Necessary Conditions Are Met, a Two-Tailed Test Is

question 182

Multiple Choice

When the necessary conditions are met, a two-tailed test is being conducted to test the difference between two population means, but your statistical software provides only a one-tail area of .036 as part of its output. The p-value for this test will be:

• A) 0.018
• B) 0.009
• C) 0.072
• D) 0.928
• E) 0.964

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Definitions:

Interest Accrued

Interest that has been incurred but not yet paid, often recognized in financial statements through adjusting entries.

Salaries Expense

The total amount paid to employees for services rendered during a specific period, reflected as an expense in financial statements.

Fiscal Year

A one-year period used for financial reporting and budgeting purposes, not necessarily coinciding with the calendar year.

Accrued Revenue

Income that has been earned but not yet received, recorded in the accounting period it is earned rather than when payment is received.