A Researcher Conducted an Analysis That Supported the Research Hypothesis

question 50

Multiple Choice

A researcher conducted an analysis that supported the research hypothesis that SJSU students spend less on textbooks than the average California college student. As a result of this finding, imagine you hypothesize that SJSU freshmen owe less on their credit cards than the average college freshman. To test this hypothesis, a group of college students are asked, "If you have your own credit card(s) , how much do you currently owe on them?" The responses of some of the students in this class are summarized as: N = 25 = 834.53
S = 169.40
For α = .05 (two-tailed) , which of the following is an appropriate critical value?

• A) 1.711
• B) 1.708
• C) 2.060
• D) 2.064

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Definitions:

Elastic Currency

A currency system that can expand or contract in supply to accommodate economic needs and stabilize the economy.

Secondary Reserves

Liquid assets held by financial institutions that are not used for primary obligations but can be quickly converted to cash for emergency needs.

U.S. Government Securities

Financial instruments issued by the United States Department of the Treasury to finance federal government's expenditures.

Vault Cash

Currency and coins held by a bank in its vault and used to satisfy the bank's reserve requirements.