Elwin Osbourne, CIO at GFS, Inc $\textbf{ not }$

question 65

Multiple Choice

Elwin Osbourne, CIO at GFS, Inc., suspects that at least 25% of email messages sent by GFS employees are $\textbf{ not }$ business related. A random sample of 300 email messages was selected to test this hypothesis at the 0.01 level of significance. Fifty-four of the messages were $\textbf{ not }$ business related. The null hypothesis is ____.

• A) \mu = 0.25
• B) n = 300
• C) π < 0.25
• D) π ≠ 0.25
• E) π = 0.25

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Definitions:

Shareholder

An individual or entity that owns shares in a corporation and therefore has ownership interest in the company.

Book Income

The income of a business reported in its financial statements, different from taxable income reported to the IRS.

Taxable Income

The amount of income used to determine how much tax an individual or a corporation owes to the government, after all deductions and exemptions have been accounted for.

Tax-Exempt

A status that exempts individuals or organizations from having to pay certain taxes.