Differentiate between a one-sided and two-sided composite alternative hypothesis when the null hypothesis is H0 : ? = 10?
What will be an ideal response?
When the null hypothesis is H0 : ? = 10, a possible alternative hypothesis would be H1 : ? > 10. This alternative hypothesis suggests that population mean value falls in a range of values greater than 10, the value specified in the null hypothesis. Hence, we define this alternative hypothesis as a one-sided composite.
Another possibility would be to test the null hypothesis against the general two-sided composite alternative hypothesis: H1 : ? ? 10.
This hypothesis suggests that the value could be lesser or greater than the value specified in the null hypothesis. We choose these hypotheses so that one or the other must be true.
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(Journal entries to record a capital lease transaction)
A town enters into a lease-purchase agreement with Trucks, Inc to acquire four garbage trucks. The agreement provides that the town pay $100,000 at the end of each year for four years. Upon full payment, the trucks become town property. The agreement is based on an interest rate of 7%. (The present value of an annuity of $1 for 4 periods at 7% is 3.3872 .) The lease agreement is accounted for in the General Fund. Required: Prepare journal entries for the General Fund to record (a) the lease agreement and the lease payment (b) at the end of the first year and (c) at the end of the second year. What will be an ideal response?
Intelligence:
a. is wisdom and only wisdom. b. is the ability to think, solve problems, and learn. c. means thinking about old things in a new way. d. is the effort you apply to getting things done.