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Conduct a full hypothesis test and determine if the given claim is supported or not supported at the 0.05 significance level. Round all amounts and standard scores to two decimal places.
-A researcher wants to check the claim that convicted burglars spend an average of 15.7 months in jail. She takes a random sample of 35 such cases from court files and finds that the mean time in jail is 13.7 months. Test whether the claim that the average jail time for convicted burglars is different from 15.7 months is supported or not supported. Assume that the population standard deviation is 7 months.
Fraudulent Conveyance
The transfer of property with the intent to obstruct, delay, or defraud creditors.
Act of Bankruptcy
Any action taken by an individual or company that signals insolvency or the inability to pay debts as they come due.
Assignment of Liabilities
The transfer of responsibility for a debt or obligation from one party to another.
Stay of Proceedings
A court order to temporarily suspend the proceedings or actions in a case.
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