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LSAT Scores
The Admissions officer for the graduate programs at the University of Pennsylvania believes that the average score on the LSAT exam at his university is significantly higher than the national average of 1,300.An accepted standard deviation for LSAT scores is 125.A random sample of 25 scores had an average of 1,375.
-{LSAT Scores Narrative} State the appropriate null and alternative hypotheses.
Fair Value
An estimation of the market value of an asset or liability based on the assumptions market participants would use when pricing the asset or liability.
Derivatives
Financial instruments whose value is derived from the value of one or more underlying assets or indices.
Hedges
Financial strategies or instruments used to offset potential losses or gains in another investment or position.
Market Rate
The prevailing interest rate or cost of borrowing in the financial markets, or the standard price in the marketplace for a certain good or service.
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