I the Fifth and Final Step in Testing a Hypothesis

question 63

Multiple Choice

i. The fifth and final step in testing a hypothesis is taking a sample and, based on the decision rule, deciding if the null hypothesis should be rejected. ii. When the null hypothesis is not rejected, the conclusion is that our sample data does not allow us to reject the null hypothesis.
iii. The level of significance is selected after setting up a decision rule and sampling the population.

• A) (i), (ii), and (iii) are all correct statements.
• B) (i) is a correct statement but not (ii) or (iii).
• C) (i) and (iii) are correct statements but not (ii).
• D) (i) and (ii) are correct statements but not (iii).
• E) (i), (ii), and (iii) are all false statements.

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Restricted Fund

Funds that are designated for a specific purpose by the donor or governing authority, limiting their use by the recipient organization.

Investment Income

Income received from investments, including dividends, interest, rental income, and capital gains.

General Fund

The primary operating fund of a governmental entity used to account for all financial resources except those required to be accounted for in another fund.

Restricted Contribution

Funds given to an entity with specific conditions or purposes attached, limiting their use.