For an Independent-Samples T Test, the Grouping Variable (The Variable

question 34

Multiple Choice

For an independent-samples t test, the grouping variable (the variable whose attributes are used to identify the two groups to be compared) can be what level of measurement?

• A) only interval/ratio
• B) either interval/ratio or ordinal
• C) interval/ratio, ordinal, or nominal

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Definitions:

Contra-Asset Account

A contra-asset account is an account used in a ledger to reduce the value of a related account. It has a credit balance and is used to adjust the value of an asset account to its net value.

Consignment-In

A transaction arrangement where goods are placed in the care of another party to sell, but ownership and title remain with the supplier until sale.

Credit Balance

A situation where the total credits in an account exceed the total debits, often reflecting a company's liability or revenue.

Notes Receivable

Claims or promissory notes that entitle the holder to receive payments from debtors, typically in the future, and recorded as assets on the balance sheet.