A Company That Produces Financial Accounting Software Wants to Offer

question 64

Multiple Choice

A company that produces financial accounting software wants to offer better training to its customers.The training is intended to decrease the amount of time required to do complicated accounting calculations.For seven individuals,the amount of time (in minutes) to complete a complicated calculation is determined before and after completing the new training. Using the p-value approach and α = 0.05,the appropriate conclusion is _________.

• A) do not reject the null hypothesis;we cannot conclude the median difference of the times is greater than zero
• B) do not reject the null hypothesis;conclude the median difference of the times is greater than zero
• C) reject the null hypothesis;we cannot conclude the median difference of the times is greater than zero
• D) reject the null hypothesis;conclude the median difference of the times is greater than zero

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Definitions:

Average Accounting Return

A measure of investment profitability calculated as the average annual net earnings of a project divided by the average investment in the project.

Straight-Line Method

An accounting method for allocating the cost of an asset evenly over its useful life.

Cost of Capital

The obligatory profit percentage a corporation needs to achieve on its investments to keep its market share and attract investors.

IRR

Internal Rate of Return; a financial metric used to evaluate the profitability of investments, representing the discount rate that makes the net present value (NPV) of all cash flows equal to zero.