Assume That You Are Testing the Difference in the Means

question 62

Multiple Choice

Assume that you are testing the difference in the means of two independent populations at the 0.05 level of significance.The null hypothesis is: H₀ : μ_A - μ_β ≥ 0 and you have found the test statistic is What should you conclude?

• A)The mean of pop.A is greater than the mean of pop.B because p-value < α.
• B)The mean of pop.A is greater than the mean of pop.B because p-value > α.
• C)There is no significant difference in the two means because p-value > α.
• D)The mean of pop.B is greater than the mean of pop.A because p-value < α.

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Definitions:

Payroll Accrual

The recording of the earnings of employees that have been earned but not yet paid, typically used to accurately represent a company's liabilities.

Annual Payroll

The total amount of wages, salaries, bonuses, and other compensation paid by a business to its employees over a year.

Business Days

Days of the week excluding weekends and public holidays, typically Monday through Friday, when business operations are conducted.

Fixed Charge Coverage

A financial metric evaluating how well a company can pay off its fixed expenses, like interest and leases, using its earnings before interest, taxes, depreciation, and amortization (EBITDA).