If p -value of a statistical test is 0.005 and the significance level is 1%, you should

Multiple Choice

• Reject the null hypothesis.

• Accept the null hypothesis.

• Reject the alternative hypothesis.

• Not reject the null hypothesis.

The best benchmark for vertical analysis on a balance sheet is:

Multiple Choice

• cash

• total shareholders' equity

• total assets

• sales revenue

Which of the following statement regarding Benford's Law are true?

Multiple Choice

• Benford's Law is primarily used in predictive analytics

• The null hypothesis for the Chi-square test is "the distribution does not conform to Benford's Law"

• According to Benford's Law, transaction amounts are more likely to start with number 3 than number 7

• Both t-stat and p-value can be used to evaluate the significance of the Chi-square test