When Conducting a T Test for Independent Means

question 28

Multiple Choice

When conducting a t test for independent means:

• A)you assume the medians of the two populations are equal
• B)you reject the null hypothesis if the t score is more extreme than the cutoff t score
• C)you should use only the .01 significance level because of the greater power compared to a t test for dependent means
• D)all of the above

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Definitions:

Present Value

The current worth of a future sum of money or stream of cash flows, given a specified rate of return.

Interest Rate

The percentage at which interest is paid by a borrower for the use of money they borrow from a lender.

Exploitation

The act of treating someone unfairly in order to benefit from their work or the use of resources without just compensation.

Karl Marx

A 19th-century philosopher, economist, and sociologist best known for his critique of capitalism and the development of Marxist theory.