Exhibit 9-7 A Random Sample of 16 Statistics Examinations from a Large

question 44

Multiple Choice

Exhibit 9-7
A random sample of 16 statistics examinations from a large population was taken. The average score in the sample was 78.6 with a variance of 64. We are interested in determining whether the average grade of the population is significantly more than 75. Assume the distribution of the population of grades is normal.
-Refer to Exhibit 9-7. The p-value is between

• A).005 to .01
• B).01 to .025
• C).025 to .05
• D).05 to 0.1

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Definitions:

Equity Carrying Amount

The net amount at which an asset or liability is reported in the balance sheet, often referring to the value of an investment in another entity after adjustments.

Net Assets

The total assets of an entity minus its total liabilities, representing the owner's or shareholder's equity in the entity.

AASB 128

The Australian Accounting Standards Board standard related to the accounting for investments in associates and to set out the application of the equity method when accounting for investments in associates and joint ventures.

Market Valuation

The process of determining the market value of an asset or company, based on supply, demand, and other economic factors.