The Mean Annual Tuition and Fees for a Sample of 9

question 42

Multiple Choice

The mean annual tuition and fees for a sample of 9 private colleges was $30,100 with a standard deviation of $5500. A dotplot shows that it is reasonable to assume that the population is approximately normal. You wish to test whether the mean tuition and fees for private colleges is different from $33,000.
Compute the value of the test statistic and state the number of degrees of freedom.

• A)-0.527; 9 degrees of freedom
• B)-0.527; 8 degrees of freedom
• C)-1.582; 9 degrees of freedom
• D)-1.582; 8 degrees of freedom

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UETA

The Uniform Electronic Transactions Act, which establishes legal validity and enforceability for electronic signatures and records in commercial transactions.

Uniform Commercial Code

Codification of laws intended to standardize the regulation of commercial transactions in the U.S., facilitating the fair and consistent treatment of businesses and consumers.

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The body of law developed through judicial decisions, as opposed to laws enacted by legislative bodies (statutory law) or in official codes.

Statute of Frauds Rule

A legal principle that requires certain types of contracts to be in writing to be enforceable.