The Next Questions Are Based on the Following Information

question 141

Multiple Choice

The Next Questions Are Based On The Following Information:
The state lottery office claims that the average household income of those people playing the lottery is at least $37,000.Assume that the distribution of household income of those people playing the lottery is normally distributed with a standard deviation of $5,756.Suppose that for a sample of 25 households,it is found that the average income was $36,243.
-What is the test statistic for this test?

• A)t = -0.66
• B)Z = -0.66
• C)Z = 1.92
• D)t = 1.92

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Definitions:

Statement Of Cash Flows

A financial document showing how changes in balance sheet accounts and income affect cash and cash equivalents, breaking the analysis down to operating, investing, and financing activities.

Revenues And Expenses

Revenues and expenses refer to the income earned from normal business operations and the costs incurred to generate that income, respectively, impacting a company's net income.

Operating Activities

Part of cash flow analysis, these involve the core business activities of a company including production, sales, and delivery of its product or service.

Long-Term Borrowing

Loans or debts obtained with repayment schedules extending over a period longer than one year.