The Table Below Shows Data (In Millions)for Sun Trust Banks

question 439

Multiple Choice

The table below shows data (in millions) for Sun Trust Banks in September 2007 and September 2008.

The data show that Sun Trust

• A) increased its reserve ratio to 5.3 percent over the 12 months.
• B) increased its reserve ratio to 6.4 percent over the 12 months.
• C) has fewer excess reserves in 2008.
• D) faced a higher currency drain ratio in 2008.

Identify the characteristics and functions of one-tailed and two-tailed tests in hypothesis testing.

Recognize how hypothesis formulation impacts the selection of statistical tests.

Understand the relationship between sample representation and population generalizability.

Describe the implications of correctly stating research hypotheses for the interpretation of study results.

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Definitions:

Direct Labor Hours

This term represents the total time spent by workers directly involved in the manufacturing process.

Flexible Budget Graph

A visual representation that shows the difference between actual and expected performance at various levels of activity.

Direct Labor Hours

The cumulative hours that employees, who are engaged directly in creating products or delivering services, spend on work.

Variable Costs

Expenses that vary proportionally with the level of production or sales volume, such as raw materials and direct labor.