In a Two-Tailed Hypothesis Test Situation, the Test Statistic Is

question 43

Multiple Choice

In a two-tailed hypothesis test situation, the test statistic is determined to be t = -2.032. The sample size is 35. The p-value for this test is

• A) -.05.
• B) +.05.
• C) -.10.
• D) +.10.

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Definitions:

Commission

A fee or percentage of a sale paid to an agent or employee for facilitating or completing a transaction.

Real Estate Broker

A licensed professional who acts as an intermediary between sellers and buyers of real estate, facilitating transactions for a commission.

Listing Contract

A contractual agreement between a property owner and a real estate broker authorizing the broker to find a buyer or tenant.

Open Listing

A non-exclusive contract allowing a property owner to sell their property themselves or to engage multiple agents without any obligation to pay commission except to the one who brings a valid offer.