A Company That Produces Financial Accounting Software Wants to Offer

question 51

Multiple Choice

A company that produces financial accounting software wants to offer better training to its customers. The training is intended to decrease the amount of time required to do complicated accounting calculations. For seven individuals, the amount of time (in minutes) to complete a complicated calculation is determined before and after completing the new training. Using the p-value approach and α = 0.05, the appropriate conclusion is ________.

• A) do not reject the null hypothesis; we cannot conclude the median difference of the times is greater than zero
• B) do not reject the null hypothesis; we can conclude the median difference of the times is greater than zero
• C) reject the null hypothesis; we cannot conclude the median difference of the times is greater than zero
• D) reject the null hypothesis; we can conclude the median difference of the times is greater than zero

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Definitions:

Shelter Principle

In commercial law, a rule that allows a person who acquires goods in good faith to retain them, even if the sale was not authorized by the owner.

HDC Status

Holder in Due Course Status, which is a legal term that provides certain protections to the holder of a negotiable instrument from claims and defenses that could be raised by prior parties.

Marketability

The ability of a product or service to be sold or accepted in a market.

Free Transferability

The ability to freely transfer ownership of an asset or securities from one party to another without restrictions.