A Random Sample of 20 Companies Who Announced Corrections to Their

question 172

Multiple Choice

A random sample of 20 companies who announced corrections to their balance sheets took a mean time of 8.9 days for the time between balance sheet construction and the complete audit. The standard deviation of these times was 1.3 days. Assume that these times are normally distributed.

-Which of the following is the appropriate test statistic to test the hypotheses?

• A)-4.82
• B)36.92
• C)4.71
• D)-4.71
• E)4.82