The accountant for Thomas’s Furniture Store is concerned regarding the outstanding receivable owed the company. There has been a cash flow problem and it is believed that the slow collection of

accounts receivable is partially the blame. The accountant believes that 40% of the present accounts are more than 4 months behind in making payments. To be able to make a decision regarding this belief, a random sample of 100 accounts was taken. It was found that 37 accounts were more than 4 months late. Did the sample data confirm the accountant’s belief? Use the .05 significant level for the statistical test.

I think they should run a thorough check on the accounts to see the if there is only 37 accounts that are more than 4 months.

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Asked 10/30/2011 12:02:21 PM

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Weekly sales of iPods® at 20 Best Buy® stores are compared before and after installing a new eye-catching display. To determine if the display is effective in increasing sales, what type of statistical test would you perform? **Weegy:** The type of statistical text they perform is Comparison of means using a paired t-test. Thank you and have a great day. **User:** One hundred women were polled and 60 reported successfully communicating an automobile problem to an auto repairman. A sample of 150 men had 95 reporting the same success. The value of the test statistic for a test of the equality of proportions is **Weegy:** The value of the test statistic for a test of the equality of proportions is
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A.
-0.5319.
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**Weegy:** Sir/Madam Statistic is 7.45 **User:** The accountant for Thomas’s Furniture Store is concerned regarding the outstanding receivable owed the company. There has been a cash flow problem and it is believed that the slow collection of accounts receivable is partially the blame. The accountant believes that 40% of the present accounts are more than 4 months behind in making payments. To be able to make a decision regarding this belief, a random sample of 100 accounts was taken. It was found that 37 accounts were more than 4 months late. Did the sample data confirm the accountant’s belief? Use the .05 significant level for the statistical test.
**Weegy:** Sir/Madam The accountant belief is conferred. (More)

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Asked 10/30/2011 12:18:09 PM

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