A One-Tailed Statistical Test Is Used When

question 41

Multiple Choice

A one-tailed statistical test is used when:

• A)the data are from a ratio scale.
• B)the data are from an ordinal scale.
• C)there is a specific prediction regarding the direction of difference between groups.
• D)there is no prediction regarding the direction of difference between groups.

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Definitions:

GAAP

Generally Accepted Accounting Principles represent the customary set of rules for financial accounting that are utilized in a particular jurisdiction.

Principles-based Approach

A method of regulation that emphasizes the spirit of the laws and principles behind them, rather than rigid adherence to specific rules.

Lease Capitalization

The process of recording a lease as an asset and a corresponding liability on the lessee's balance sheet, particularly for long-term leases.