What Can You Conclude If the Obtained Value of a Test

question 21

Multiple Choice

What can you conclude if the obtained value of a test statistic exceeds the critical value?

• A) The null hypothesis cannot be rejected.
• B) You made an error when calculating the test statistic.
• C) The null hypothesis can be rejected.
• D) Your obtained value is not statistically significant.

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Definitions:

Relevant

Pertaining to something that is closely connected or appropriate to the matter at hand, especially in terms of information.

Accounting Information

This refers to the data generated from financial accounting practices, used for making business decisions.

Cost Constraint

The Cost Constraint principle in accounting refers to the idea that the value of the information provided by financial reports should outweigh the cost of providing it.

Going Concern

The assumption that an entity will continue its operations in the foreseeable future and not go bankrupt or be forced to stop operations.