Under a Null Hypothesis, a Sample Value Yields a P-Value

question 16

Multiple Choice

Under a null hypothesis, a sample value yields a p-value of .015. Which of the following statements is true?

• A)This finding is statistically significant at the .01 level of significance.
• B)This finding is not statistically significant.
• C)This finding is statistically significant at the .001 level of significance.
• D)This finding is statistically significant at the .05 level of significance.

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Definitions:

Allowance for Doubtful Accounts

Allowance for Doubtful Accounts is a contra-asset account that reflects the estimated amount of accounts receivable which may not be collectible.

Credit Sales

Transactions in which goods or services are sold and payment is deferred, allowing customers to purchase products or services on account.

Uncollectible Accounts

Accounts receivable that are recognized as uncollectible losses due to the inability to collect from the debtor.

Allowance Method

An accounting technique used to estimate and account for bad debts (uncollectible receivables) based on historical data or economic conditions.