When Conducting a Hypothesis Test for the Population Mean When

question 75

Multiple Choice

When conducting a hypothesis test for the population mean when sigma is known and the sample size is 30 or more, the test statistic follows the _______.

• A)Student's t-distribution
• B)normal distribution
• C)exponential distribution
• D)binomial distribution

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Definitions:

PI

A mathematical constant representing the ratio of a circle's circumference to its diameter, approximately 3.14159.

Payback Method

A capital budgeting technique that calculates the time required to recoup the cost of an investment.

Initial Cost

The initial expenditure needed to acquire an asset or initiate a project, encompassing purchase price and any other costs necessary to get the asset ready for use.