A Large University Is Interested in Learning About the Average $\chi ^ { 2 } = 51$

question 75

Short Answer

A large university is interested in learning about the average time it takes students to drive to campus. The university sampled 51 students and asked each to provide the amount of time they spent traveling to campus. The sample results found that the sample mean was 23.243 minutes and the sample standard deviation was 20.40 minutes. It is desired to determine if the population standard deviation exceeds 20 minutes. Calculate the test statistic for this test of hypothesis. A) $\chi ^ { 2 } = 51$
B) $\chi ^ { 2 } = 53.06$
C) $\chi ^ { 2 } = 52.02$
D) $\chi ^ { 2 } = 58.11$

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Definitions:

Adjusted

The process of making modifications to financial statements or data to represent accurately the economic reality, often excluding one-time or non-recurring items.

Prepaid Rent

An asset account that represents rent payments made in advance of the rental period, which is then expensed during the period the space is occupied or used.

Rent Expense

The cost incurred by a company for leased property used in business operations over a specified period.

Depreciation Expense

The allocation of the cost of a tangible asset over its useful life, representing the wear and tear, deterioration, or obsolescence of the asset.