To Test If the Mean IQ of Employees in an Organization

question 108

Multiple Choice

To test if the mean IQ of employees in an organization is greater than 100, a sample of 30 employees is taken and the value of the test statistic is computed as t₂₉ = 2.42 If we choose a 5% significance level, we ________.

• A) reject the null hypothesis and conclude that the mean IQ is greater than 100
• B) reject the null hypothesis and conclude that the mean IQ is not greater than 100
• C) do not reject the null hypothesis and conclude that the mean IQ is greater than 100
• D) do not reject the null hypothesis and conclude that the mean IQ is not greater than 100

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Definitions:

Adjusting Entries

Adjusting entries are journal entries made at the end of an accounting period to allocate income and expenditures to the period in which they actually occurred.

Loan Repay

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Notes Payable

Financial obligations represented by written promissory notes requiring the borrower to repay the amount borrowed plus interest.

Accounts Payable

Liabilities or money owed by a business to its creditors or suppliers for goods and services received.