We Have Two Percentages and We Want to Know If

question 49

Multiple Choice

We have two percentages and we want to know if they are statistically different. We calculate our z and find that it is 4.21 at a 95% level of confidence. This means:

• A) the two percentages are the same.
• B) the two percentages are not statistically different.
• C) the two percentages have a 421 percent chance of not being different.
• D) the two percentage are statistically different.
• E) the two percentages have a 421 percent chance of being different.

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Definitions:

General Ledger

An exhaustive list of every financial transaction made by a company during its history, categorized by accounts.

Canceled Checks

Checks that have been paid by the bank and voided, serving as proof that payment was made.

Negotiable

Capable of being bought, sold, or transferred to another party through endorsement or delivery.

Journal Entry

A basic record documenting a business transaction in an accounting system, used to transfer information to financial statements.