The following information was obtained from the general fund balance sheet of Lincoln County on June 30,20X2,the close of its fiscal year:
On June 30,20X2,what was Lincoln's unassigned fund balance in its general fund?
Definitions:
Null Hypothesis
In statistical testing, it is the assertion that there is no effect or no difference, used as a default hypothesis to challenge with experimental evidence.
Confidence Interval
An estimated range of values derived from sample data that is likely to contain the value of an unknown population parameter, expressed at a specified level of confidence.
Standard Error
A statistical measure that quantifies the amount of variation or dispersion of a sample mean relative to the true population mean.
Sample Size
The number of observations or participants in a statistical sample.
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