If the Critical Z-Value for a Hypothesis Test Equals 2

question 40

Multiple Choice

If the critical z-value for a hypothesis test equals 2.45,what value of the test statistic would provide the least chance of making a Type I error?

• A)3.74
• B)1.07
• C)2.46
• D)4.56

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Definitions:

Current Asset

An asset that is expected to be converted into cash, sold, or consumed within one year or within the normal operating cycle of the business.

Eighteen Months

A period of time equal to one and a half years.

Note Receivable

A written promise that someone will pay a business a specific sum of money on a specified date or on demand.

Days' Sales in Receivables

A financial ratio that measures the average number of days that receivables remain outstanding before being collected.