When Comparing the Mean Annual Incomes for Executives with a High

question 68

Multiple Choice

When comparing the mean annual incomes for executives with a High School education or less and Undergraduate Degree, the 95% confidence interval shows an interval of 11.7 to 42.7 for the difference. This result indicates that:

• A) There is no significant difference between the two incomes.
• B) The interval contains a difference of zero.
• C) Executives with and Undergraduate Degree earn significantly more than executives with a High School education or less.
• D) Executives with and Undergraduate Degree earn significantly less than executives with a High School education or less.

---

Definitions:

Trade Credit

A type of commercial financing where a buyer is allowed to purchase goods or services and pay the supplier at a later scheduled date.

Net Period

The time period within which a net payment is due after any discounts are applied.

Compensating Balance

A minimum balance that must be maintained in a bank account, usually as a condition for obtaining a loan or line of credit.

Routine Transactions

Transactions that occur regularly in the course of business operations, often related to daily financial activities.