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A consumer advice web site tested a fuel additive. The distance that 12 cars could travel on five gallons of gasoline was recorded without and then with the additive. The results were as follow.
a) Compute the test statistic
b) Can you conclude that the median distance traveled with the additive difference from the median distance traveled with the additive? Use the level of significance.
Insolvency
Inability of a person to pay her debts as they become due.
Bulk Sale
A transaction where a business sells its inventory or a significant portion of its goods all at once, usually under conditions other than the ordinary course of business.
Bankruptcy Legislation
Laws and regulations governing the process of bankruptcy, providing a legal framework for dealing with debt unable to be paid by an individual or entity.
Preference
A prioritization or favoring of certain options, creditors, or interests over others, often relevant in legal and financial contexts.
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