When Would One Use a One-Tailed P Value Rather Than

question 27

Essay

When would one use a one-tailed p value rather than a two-tailed p value? Why would one prefer to use a one-tailed p value in these situations?

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Definitions:

Non-reporting Entities

Businesses or organizations that are not required to prepare or submit financial reports to regulatory agencies or stakeholders.

AASB 10/IFRS 10

Accounting standards outlining the principles for the presentation and preparation of consolidated financial statements when an entity controls one or more other entities.

Wholly Owned Subsidiary

A company whose entire share capital is held by another company.

Uniform Accounting Practices

Standardized accounting procedures and practices that ensure consistency and comparability across companies and industries.