The Use of the T Test for Independent Groups Assumes

question 107

Multiple Choice

The use of the t test for independent groups assumes _________.

• A) is normally distributed
• B) s 12 = s 22
• C) is normally distributed
• D) all of these
• E) is normally distributed and s 12 = s 22

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Definitions:

Accrual Accounting

A financial recording technique that logs income and expenditures at the time they are accrued or incurred, irrespective of the actual cash flow timing.

Net Income

The total profit of a company after all expenses, taxes, and costs have been subtracted from total revenues.

Sales

The total amount of revenue generated from goods or services sold by a business.

Adjusting Entries

Adjusting entries are journal entries made in accounting at the end of an accounting period to update the accounts and ensure they reflect the true financial position of the business.