You Work in a Data Analyst Unit for a Large

question 3

Multiple Choice

You work in a data analyst unit for a large fast food restaurant chain, planning a customer survey and a colleague informs you that a 95% confidence interval has a 95% probability of containing a population parameter. Because of this, she insists that a survey distributed at one restaurant will provide significant results. Do you agree with her?

• A) No, because 95% probability is a long-run probability requiring that multiple tests to be done
• B) Yes, because 95% probability is the standard level for significance testing
• C) No, because 95% confidence interval requires that multiple tests to be done
• D) Yes, because 95% probability is a short-run probability requiring that only one test be done

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Definitions:

Operating Activities

Activities that constitute the primary or central operations of a business, including production, sales, and delivery of the company's products or services.

Indirect Method

A cash flow statement formulation approach where net income is adjusted for non-cash transactions and changes in working capital to arrive at operating cash flow.

Accounts Receivable

Accounts Receivable refers to the money owed to a business by its clients or customers for goods or services delivered but not yet paid for, representing a current asset on the balance sheet.

Net Cash

The amount of cash available after accounting for cash inflows and outflows, representing a company's liquidity position.