Several Errors Are Listed Below

question 74

Essay

Several errors are listed below.
Required:
Indicate the effect each error would have on 2014 net income by placing a plus sign (+), minus sign (-) or NI (no impact) in the space provided. Part (a) has been completed as an example.

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Definitions:

Independent-Samples T-Test

A statistical test used to determine if there is a significant difference between the means of two groups which are independent of each other.

Dependent-Samples T-Test

A numeric examination technique for assessing whether the mean values of two correlated groups differ significantly.

Regression

A statistical method used to determine the relationship between two or more variables, where one or more independent variables are used to predict the outcome of a dependent variable.

Analysis of Variance

A statistical procedure used to compare the means of three or more samples to determine if at least one of the sample means is significantly different from the others.