It Is Generally Believed That No More Than 0

question 64

Multiple Choice

It is generally believed that no more than 0.50 of all babies in a town in Texas are born out of wedlock. A politician claims that the proportion of babies born out of wedlock is increasing. In testing the politician's claim, how does one define the population parameter of interest?

• A) The current proportion of babies born out of wedlock
• B) The mean number of babies born out of wedlock
• C) The number of babies born out of wedlock
• D) The general belief that the proportion of babies born out of wedlock is no more than 0.50

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Definitions:

Subsidiary Accounts

Subsidiary accounts are detailed records that support or explain the balances in one or more general ledger accounts.

Control Account

A general ledger account that summarizes the total amounts recorded in subsidiary ledgers for individual components, like accounts receivable or payable.

Special Journals

Accounting journals designed for recording a specific type of transaction in a detailed manner, such as sales or purchases.

General Journal

A bookkeeping journal where all types of financial transactions are initially recorded, before being transferred to specific accounts in the general ledger.