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neonofarm [45]
3 years ago
13

Canceled checks are negotiable at the bank for the face value. True or false

Mathematics
1 answer:
PolarNik [594]3 years ago
8 0

The answer is False because when a check is canceled, it means that it has been paid by the drawee bank and already endorsed by the payee and the payee’s bank. They are considered as non-negotiable which the bank cannot take it for it is now only use for documenting a transaction that has already take place. However, canceled checks can be used as proof of payment.

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What is the value of X ? A-17 B-26 C-39 D-41
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The researchers are concerned that the dollars spent per shopper examined in the study is too different from what has been found
Katarina [22]

Answer:

Step-by-step explanation:

Hello!

To study if the average dollars spend per shopper is different than the expected population average of $84.5 there was a sample of 120 shoppers taken and their spending habit registered.

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If the objective is to test that the true mean spending for the population is significantly different than the expected average of 84.5, the parameter of interest is the population mean μ and the hypothesis test will be two-tailed.

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H₁: μ ≠ 84.5

α:0.05

The statistic is a standard normal for one sample:

Z= \frac{X[bar]-Mu}{\frac{Sigma}{\sqrt{n} } } ~N(0;1)

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Using a level of significance of 5% the null hypothesis was rejected. So there is enough statistical evidence to support the researcher's claim that the true mean spending for the population is significantly different than the expected average of $84.5.

I hope it helps!

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