Exhibit 9-1

question 57

Multiple Choice

Exhibit 9-1.A university is interested in promoting graduates of its honors program by establishing that the mean GPA of these graduates exceeds 3.50.A sample of 36 honors students is taken and is found to have a mean GPA equal to 3.60.The population standard deviation is assumed to equal 0.40. Refer to Exhibit 9-1.At a 5% significance level,the decision is to _____________.

• A)Reject H₀;we can conclude that the mean GPA is significantly greater than 3.50
• B)Reject H₀;we cannot conclude that the mean GPA is significantly greater than 3.50
• C)Do not reject H₀;we can conclude that the mean GPA is significantly greater than 3.50
• D)Do not reject H₀;we cannot conclude that the mean GPA is significantly greater than 3.50

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Definitions:

Operating Activities

Tasks and transactions directly related to the primary business functions of providing goods or services to customers.

Statement of Cash Flows

A financial statement that compiles total data about every cash inflow a business gets from its operational activities and external funding sources, in addition to all cash outflows that cover the costs of business operations and investments in a specified timeframe.

Operating Activities Section

A component of the cash flow statement that shows cash inflows and outflows related to the core business operations.

Income Taxes

Taxes levied by the government on income generated by businesses and individuals within their jurisdiction.