A Researcher Conducted a Survey to Determine If Older People $\pm$

question 31

Multiple Choice

A researcher conducted a survey to determine if older people have different feelings about abortion than younger people.He used an alpha level of 0.05 (Z critical = $\pm$ 1.96) to test for significance and found that his computed test statistic was 2.76.Which of the following conclusions is justified?

• A)feelings about abortion do not vary by age
• B)older and younger people have significantly different feelings about abortion
• C)a one-tailed test should have been used
• D)a Type II error has occurred

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Definitions:

Capital Lease

An agreement that grants the lessee the right to use an asset for a long period, typically seen as a purchase by the lessee for accounting purposes.

Original Amount

The initial sum of money involved in a financial transaction, before any deductions, depreciation, or appreciation.

Guaranteed Residual Value

An assurance that an asset will have a specified value at the end of its lease term.

Capital Lease

A lease agreement that is classified as a purchase of assets for accounting purposes, where the lessee assumes some of the risks and benefits of ownership.