The One-Sample T Test Is Based on the Assumption That

question 30

Multiple Choice

The one-sample t test is based on the assumption that:

• A)the sample is independently and randomly selected from the population of interest
• B)the scores on the variable are normally distributed
• C)the variable being studied is qualitative in nature
• D)a and b

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Definitions:

Contra-Asset Account

An account that decreases the value of an asset, liability, or equity account, such as accumulated depreciation.

Financial Statements

Formal records of the financial activities and position of a business, person, or other entity, including balance sheet, income statement, and cash flow statement.

Real Estate Sale

A financial transaction in which the ownership of property or buildings is transferred from one party to another, often involving negotiation and legal processes.

Revenue Recognition

This is an accounting principle that outlines the specific conditions under which revenue is recognized and determines how it is reported on the financial statements.