In the last presidential election, a national survey company claimed that no more than 50% (i.e., < 50%) of all registered voters voted for the Republican candidate. In a random sample of 400 registered voters, 208 voted for the Republican candidate
a. State the null and the alternative hypotheses.
b. Compute the test statistic.
c. Compute the p-value, and test the hypotheses using a 5% level of significance.
a. H0: p ? .5
Ha: p > .5
b. z = .8
c. p-value = .2119 > .05; do not reject H0.
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An adjusted trial balance is prepared to
A) test that the ledger is in balance after the accounts have been adjusted. B) facilitate preparation of the adjusting entries. C) both test that the ledger is in balance after the accounts have been adjusted and facilitate preparation of the financial statements. D) facilitate preparation of the financial statements.
Which of the following cost drivers would best be associated with the activity of physician time in a medical clinic?
A. Physician minutes with a patient. B. Number of line items on the clinic's bill. C. The number of accreditations held by the clinic. D. Number of new patient visits. E. Number of continuing patient visits.
Warning consumers about the possible side effects of pharmaceutical drugs is an example of consumer protection against:
A. Incomplete information disclosure. B. Violations of individual privacy. C. Hazardous products. D. Predatory pricing.
CPA QUESTION A principal will not be liable to a third party for a tort committed by an agent:
a. Unless the principal instructed the agent to commit the tort b. Unless the tort was committed within the scope of the agency relationship c. If the agency agreement limits the principal's liability for the agent's tort d. If the tort is also regarded as a criminal act