Identify the Item Below That Would Be Classified as an Agent

question 76

Multiple Choice

Identify the item below that would be classified as an agent by the REA data model.

• A) an IOU from a customer
• B) the CFO
• C) a customer sale
• D) none of the above

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Definitions:

Hypotheses

Statements set up for a statistical test that express the relationship between variables. There is usually a null hypothesis (no effect) and an alternative hypothesis (effect present).

Sigma

A symbol (σ) used in statistics to represent the standard deviation of a population.

Type II Error

The error that occurs when a hypothesis test fails to reject a false null hypothesis, also known as a false negative.

Level Of Significance

The threshold for determining whether a statistical result is not due to chance, often set at 0.05 or 5% in many scientific studies.