A Random Sample of 16 Students Selected from the Student

question 36

Multiple Choice

A random sample of 16 students selected from the student body of a large university had an average age of 25 years and a standard deviation of 2 years.We want to determine if the average age of all the students at the university is significantly more than 24.Assume the distribution of the population of ages is normal.The test statistic is

• A) 1.96.
• B) 2.00.
• C) 1.65.
• D) .05.

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Definitions:

Stock Dividend

A stock dividend is a dividend payment made to shareholders in the form of additional shares of stock instead of cash.

Stock Dividend

Instead of cash, a company distributes additional shares to its shareholders as a form of payment.

Total Stockholders' Equity

The total net value owned by the shareholders of a company, calculated as the difference between total assets and total liabilities.

Common Stock Dividends Distributable

A liability recorded on a company's balance sheet for dividends declared on common stock but not yet paid to shareholders.