If a Null Hypothesis Is Rejected at a 1% Significance

question 13

Multiple Choice

If a null hypothesis is rejected at a 1% significance level,

• A)It may or may not be rejected at a 5% significance level.
• B)It will not be rejected at a 5% significance level.
• C)It will also be rejected at a 5% significance level.
• D)The survey needs to be repeated in order to determine the conclusion at a 5% significance level.
• E)none of the above

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Definitions:

Admission

The process or fee associated with being allowed entry into a place, organization, or institution.

Interest Allowance

An amount that reduces the gross interest income earned, related to the cost of borrowing or credit facilities.

Income Summary

An account used in the closing process during accounting that accumulates revenues and expenses to determine net income or loss.

Net Loss

The amount by which total expenses exceed total revenues for a business during a specific period, indicating a reduction in equity.