Null Hypotheses Are Employed to

question 53

Multiple Choice

Null hypotheses are employed to

• A) prove there is a relationship between the variables of the study.
• B) prove there is no relationship between the variables.
• C) investigate why there is no relationship when one is expected.
• D) compare findings of a study with what would be expected by chance.

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Definitions:

Incremental Costs

Additional costs that a company incurs when increasing production or undertaking new projects.

Pro Forma Financial Statements

Financial reports that project the future financial position of a company, based on current data and assumptions.

EAC Methodology

The Equivalent Annual Cost method, used to compare the economic cost of projects with different lifespans by converting their costs into an equivalent annual amount.

Decision Making

The cognitive process of selecting a course of action from among multiple alternatives, typically aimed at achieving a specific goal.