The Average Collection Period for 2014 Is (Use Average Accounts

question 50

Multiple Choice

The average collection period for 2014 is (use average accounts receivable) :

• A) 10.56 days.
• B) 12.36 days.
• C) 23.66 days.
• D) 17.10 days.
• E) 126.74 days.

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Definitions:

T-statistic

A statistic calculated from sample data used to assess the plausibility of the null hypothesis in t-tests.

Standard Error

The typical deviation found in the distribution of sample statistics, often referring to the mean.

T-statistic

A type of statistic used in hypothesis testing, determined by the difference between the sample mean and the population mean divided by the standard error.

Degrees Of Freedom

The number of values in a final calculation of a statistic that are free to vary.