With Online Banking

question 113

Multiple Choice

With online banking:

• A) the cash account can be reconciled at any time.
• B) the account history will not shoe deposits.
• C) a bank reconciliation is more difficult.
• D) the account history will show checks that have cleared the bank.

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Definitions:

SRS

A simple random sample, which is a subset of a statistical population in which each member of the subset has an equal probability of being chosen.

Significance Test

A statistical procedure for testing a hypothesis to determine if there is enough evidence to reject the null hypothesis.

Data Collection

The process of gathering and measuring information on variables of interest in a systematic fashion, enabling one to answer stated research questions, test hypotheses, and evaluate outcomes.

Null Hypothesis

A statement or hypothesis set up to be nullified or refuted in order to support an alternative hypothesis in statistical testing.