What Does the Independent T-Test Test Assume

question 2

Multiple Choice

What does the independent t-test test assume?

• A)There are no differences between the mean scores.
• B)The data are normally distributed
• C)The sampling distribution is normally distributed.
• D)The means of two sets of scores are correlated.

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Definitions:

Perpetual Inventory System

An accounting technique that instantly records the sale or purchase of inventory using computerized point-of-sale systems and enterprise asset management software.

FIFO

"First In, First Out," an inventory valuation method where goods first added to inventory are the first ones to be sold.

Ending Inventory

The worth of items ready for sale at the conclusion of an accounting cycle, determined by adding the initial inventory to acquisitions and subtracting the cost of goods sold.

Perpetual Inventory System

A financial recording approach that instantly logs inventory transactions upon sale or purchase using electronic point-of-sale systems and enterprise resource planning software.