Use the Following to Answer Questions

question 9

Multiple Choice

Use the following to answer questions :
The director of a radio broadcast company wants to determine whether the mean length of commercials on his station is equal to 24 seconds.A sample of 41 commercials had a mean life of 26.90 seconds and a standard deviation of 7.88 seconds.The significance level is 5%.
-What are the critical values of t?

• A)-1.714 and 1.714
• B)-1.684 and 1.684
• C)-2.010 and 2.010
• D)-2.021 and 2.021

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Definitions:

Consent Restraint

A security transfer restriction requiring a shareholder to obtain the consent of the corporation or its shareholders prior to the shareholder’s sale of her shares.

Option Agreement

A share transfer restriction granting a corporation or its shareholders an option to buy a selling shareholder’s shares at a price determined by the agreement.

Buy-and-Sell Agreement

a legally binding agreement between co-owners that outlines what will happen to an owner’s share of the business if they depart the business due to death or any other reason.

De Facto Corporation

A business that operates as if it were a corporation although it has not completed the formalities required for legal incorporation.