In Performing a Hypothesis Test Where the Null Hypothesis Is

question 46

Multiple Choice

In performing a hypothesis test where the null hypothesis is that the population mean is 23 against the alternative hypothesis that the population mean is not equal to 23, a random sample of 17 items is selected.The sample mean is 24.6 and the sample standard deviation is 3.3.It can be assumed that the population is normally distributed.The degrees of freedom associated with this are _______.

• A)17
• B)16
• C)15
• D)2
• E)1

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Definitions:

Depreciation Expense

The allocated portion of the total cost of a company's tangible assets that is charged to expense across the asset's useful life.

Net Income

Net income is the total earnings of a company after all expenses and taxes have been subtracted from total revenue.

Capital Expenditures

Funds used by a company to acquire or upgrade physical assets such as equipment, property, or industrial buildings, to enhance future earnings.