We Have Created a 95% Confidence Interval for M with the Result

question 67

Multiple Choice

We have created a 95% confidence interval for m with the result (8, 13) . What conclusion will we make if we test H ₀: m = 15 vs. H ₁: m ¹ 15 at a = 0.05?

• A)Reject H ₀ in favor of H ₁
• B)Accept H ₀ in favor of H ₁
• C)Fail to reject H ₀ in favor of H ₁
• D)We cannot tell what our decision will be from the information given

---

Definitions:

Trading Securities

Securities bought and held primarily for sale in the near term to generate income on short-term price differences.

Unrealized Gain

The increase in value of an asset that has not been sold yet, therefore the gain is not reflected in the income statement.

Consolidated Financial Statements

Financial statements that present the assets and liabilities controlled by the parent company and the total revenues and expenses of the subsidiary companies.

Subsidiary Company

A company that is entirely or majority-owned by another company, referred to as the parent company.