An Owner of Two Cats Is Trying to Decide If

question 2

Multiple Choice

An owner of two cats is trying to decide if it is cheaper to order cat food over the Internet or to buy the food locally. Listed below are the prices (in dollars) quoted for two bags of cat food from various manufacturers. What is the test statistic T?

• A) 111
• B) 130
• C) 60
• D) 120

---

Definitions:

Insurance Policy

A contract that provides financial protection against losses or damages, defining the terms, coverage, premiums, and conditions under which the insurer will compensate the insured.

Accounting Equation

The fundamental principle of finance stating that assets equal liabilities plus equity.

Paid Cash

The act of settling a transaction, or an obligation or debt, with the use of cash money instead of other forms of payment like credit.

Received Payment

The money received by an individual or a company for goods delivered or services rendered.