Holly Is a Sophomore in College Considering a Degree in Marketing

question 28

Multiple Choice

Holly is a sophomore in college considering a degree in marketing. She has asked several friends for advice and their comments are listed below. Which of these comments is the most accurate and likely to help Holly?

• A) Marketing offers business students a wide array of career options.
• B) Majoring in marketing rules out a meaningful career with a nonprofit organization.
• C) You should major in marketing only if you want to work in advertising or personal selling.
• D) Marketing is a career that offers stability, good pay and ample employment opportunities. Marketing activities today are essentially the same as they were several decades ago.

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Definitions:

T-statistic

A statistic calculated from sample data used to assess the plausibility of the null hypothesis in t-tests.

Standard Error

The typical deviation found in the distribution of sample statistics, often referring to the mean.

T-statistic

A type of statistic used in hypothesis testing, determined by the difference between the sample mean and the population mean divided by the standard error.

Degrees Of Freedom

The number of values in a final calculation of a statistic that are free to vary.