Rejecting the Null Hypothesis at the

question 43

Multiple Choice

Rejecting the null hypothesis at the .05 level means that

• A)there is more than a 5% chance of getting such an extreme result if the null hypothesis is true.
• B)there is more than a 95% chance of getting such an extreme result if the research hypothesis is true.
• C)there is less than a 5% chance of getting such an extreme result if the null hypothesis is true.
• D)there is less than a 95% chance of getting such an extreme result if the research hypothesis is true.

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Definitions:

Capital Balances

The amount of money that owners have invested in a company plus any retained earnings or losses.

Net Income

The total profit of a business after all expenses and taxes have been deducted from total revenue.

Closing the Revenue

The process of transferring the balances from the revenue accounts to permanent accounts at the end of an accounting period.

Building Account

An account used to track the costs associated with constructing a building over a period of time.