You Collect a Sample of N = 16 and Want

question 25

Multiple Choice

You collect a sample of n = 16 and want to know if the sample is significantly smaller than the population. If  is unknown and  = .05, what is the appropriate critical value?

• A) -1.645
• B) -1.960
• C) -1.753
• D) -1.746

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Definitions:

Cost Method

An accounting technique used to value inventory, usually at the lower of cost or market price, and investments in certain conditions.

Par Value Method

An accounting method used for issuing shares that assigns a nominal value (par value) to the shares, which may affect the accounting treatment of share issues.

Retiring Treasury Stock

The act of permanently removing previously bought-back shares (treasury stocks) from the market, reducing the company's available shares and total equity.