If a Statistical Test Yields a P =

question 28

Multiple Choice

If a statistical test yields a p = .004, this means that:

• A) The probability is 4 in 100 that the research hypothesis is true
• B) The probability is 4 in 1,000 that the research hypothesis is true
• C) The probability is 4 in 100 that the null hypothesis is true
• D) The probability is 4 in 1,000 that the null hypothesis is true

Identify the nature of transactions (external transaction) and their impact on the accounting equation.

Understand the concepts of owner financing, investing activities, and how revenues, expenses, and investments affect equity.

Realize the significance of measuring and analyzing return on assets as a performance indicator.

Understand the purpose and time frame covered by the balance sheet and income statement.

---

Definitions:

Single Investment

Single investment refers to an investment in only one asset or security, rather than diversifying across multiple investments.

Annual Interest Rate

The Annual Interest Rate is the percentage of interest that is charged or earned on an investment, loan, or savings account over the span of a year.

Investment

The allocation of resources, such as capital, time, or assets, with the expectation of generating an income or profit.

Annual Interest

The amount of interest due over a one-year period, either earned on investments or paid on borrowed funds.