Compare the Obtained and Critical Values for the Test Results

question 42

Essay

Compare the obtained and critical values for the test results below and determine if the null hypothesis can be rejected.
$\begin{array}{|l|l|l|c|}\hline & {\begin{array}{c}\text { Obtained } \\\text { Value }\end{array}} & {\begin{array}{c}\text { Critical } \\\text { Value }\end{array}} & \begin{array}{c}\text { Reject Ho } \\\text { Yes/No }\end{array} \\\hline \text { a. } & r_{s_{a b t}}=.8391 & r_{s_{\text {crit }}}=. .7273 & \\\hline \text { b. } & T_{\text {bbt }}=10 & T_{\text {crit }}=12 & \\\hline \text { c. } & \mathcal{L}_{\text {obt }}=10.12 & \chi_{\text {crit }}^{2}=14.067 & \\\hline \text { d. } & U_{\text {obt }}=8 & U_{\text {crit }}=15 & \\\hline\end{array}$

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Definitions:

Contingent Liability

A potential obligation that may arise in the future depending on the occurrence of a certain event.

Financial Statement

A formal record of the financial activities and position of a business, person, or other entity.

Numerical Probability

A quantifiable measure that expresses the likelihood of occurrence of an event, presented as a number between 0 and 1.

Gross Earnings

Gross Earnings are the total amount earned by an individual or entity before any deductions such as taxes, benefits, and other payroll deductions.