3. A fitness magazine claims that the mean cost of a yoga session is no more than $14. You work for a consumer advocacy group and are asked to test this claim. You find that a random sample of 20 yoga sessions has a mean cost of $15.59 and a standard deviation of $2.60. At = 0.025, do you have enough evidence to reject the magazines claim about the mean cost of a yoga session?

4. By their nature, cash receipts and cash disbursement transactions _______. (Which of the following is correct)

are subject toincreased inherent risk

should be approved by the bank before recording in the ledger

should be recorded weekly by the client

are subject to minimal inherent risk