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A revenue department is under orders to reduce the time small business owners spend filling out pension form ABC-5500. Previously the average time spent on the form was 53 hours. In order to test whether the time to fill out the form has been reduced, a sample of 82 small business owners who annually complete the form was randomly chosen and their completion times recorded. The mean completion time for the sample was 52.8 hours with
a standard deviation of 28 hours. State the rejection region for the desired test at ? = .05.
Click-on Agreement
A legal agreement entered into by clicking on a button or link, typically online, to accept terms and conditions.
Binding
Describes an agreement, contract, or legal decision that is enforceable by law.
Enforceable Contract
An agreement between parties that is legally binding and may be upheld and compelled by law.
Mailbox Rule
A rule providing that an acceptance of an offer becomes effective on dispatch.
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