Instruction 10-4
to Test the Effectiveness of a Business School

question 168

True/False

Instruction 10-4
To test the effectiveness of a business school preparation course, 8 students took a general business test before and after the course. The results are given below.
$$\begin{array} { c c c } \text { Student } & \begin{array} { c } \text { Exam Score } \\\text { Before Course }\end{array} & \begin{array} { c } \text { Exam Score } \\\text { After Course (2) }\end{array} \\& ( 1 ) & \\ 1 & 530 & 670 \\ 2 & 650 & 770 \\3 & 910 & 1,000 \\4 & 700 & 710 \\5 & 450 & 550 \\6 & 820 & 870 \\7 & 820 & 770 \\8 & 630 & 610\end{array}$$
-Referring to Instruction 10-4,in examining the differences between related samples you are essentially sampling from an underlying population of difference "scores".

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Definitions:

Revenue Recognition

The principle that dictates the specific conditions under which revenue is recognized and recorded in the accounts.

Realization of Revenue

The realization of revenue occurs when a company has earned its revenue—typically through the delivery of goods or services—and it can be recognized on the financial statements.

Financial Statements

Financial statements are records that convey the business activities and the financial performance of a company, typically including the balance sheet, income statement, and cash flow statement.