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Mathematics 21 Online
OpenStudy (fibonaccichick666):

Check my answer please? An auditor remarks that the accounts receivable for a company seem to average about $2000. A quick check of 20 accounts gives a mean of $2250 with a standard deviation of $600. Where is the p-value?

OpenStudy (fibonaccichick666):

Choices: a. Below .01 b. Between .01 and .025 c. Between .025 and .05 d. Between .05 and .10 e. Over .10

OpenStudy (fibonaccichick666):

Using a one tailed t-test I arrived at a p-value of .0779, so my answer is d.

OpenStudy (ebayminer126):

Looks like it to me

OpenStudy (ebayminer126):

@FibonacciChick666

OpenStudy (fibonaccichick666):

thanks a bunch. do you agree with the one-sample t-test use?

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