When Testing for the Significance of the Difference Between Two

question 28

Multiple Choice

When testing for the significance of the difference between two sample means,the null hypothesis is that

• A)the sample standard deviations are different.
• B)the sample means are different.
• C)the populations from which the sample were drawn are different.
• D)the populations from which the sample were drawn are the same.

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Definitions:

Supplies Account

An account used to track the cost of supplies bought and used by a business over a period.

Supplies Expense

Supplies expense refers to the cost of consumable supplies used during an accounting period, recognized as an expense on the income statement.

Physical Count

The actual counting of inventory items, typically performed at the end of an accounting period to verify records.

Revenue Recognition Principle

A rule in accounting that outlines the exact circumstances in which income is considered as earned and documented.