An Accountant Wants to Know If the Property Taxes Paid

question 93

Multiple Choice

An accountant wants to know if the property taxes paid by clients who live in the city are different from those who live in the county.The property taxes paid by five clients from the city (sample 1) and five clients from the county (sample 2) are shown below. Using the critical value approach and α = 0.05,the appropriate conclusion is ___________.

• A) reject the null hypothesis;we cannot conclude the median taxes paid in the city differs from the median taxes paid in the county
• B) do not reject the null hypothesis;conclude the median taxes paid in the city differs from the median taxes paid in the county
• C) reject the null hypothesis;conclude the median taxes paid in the city differs from the median taxes paid in the county
• D) do not reject the null hypothesis;we cannot conclude the median taxes paid in the city differs from the median taxes paid in the county

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Definitions:

Derived Demand

The demand for a product or service that results from the demand for another product or service it is used to produce.

Vendor Rating System

A method used by companies to evaluate and rate the performance of their suppliers.

Postpurchase Evaluation

The assessment conducted by consumers after buying and using a product to determine if it meets their expectations and needs.

Value Analysis

A process to improve and optimize a product or service, focusing on its functionality, to reduce costs and increase value for the customer.