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Preliminary data analyses indicates that use of a paired t-test is reasonable. Perform the hypothesis test by using eitherthe critical-value approach or the P-value approach as indicated. Assume that the null hypothesis is
-Five students took a math test before and after tutoring. Their scores were as follows. At the 1% significance level, do the data provide sufficient evidence to conclude that the mean score before tutoring differs from the mean score after tutoring? Use the P-value approach.
Book Income
The income calculated for accounting purposes, rather than for tax purposes, often used to measure a company's financial performance.
Taxable Income
The amount of income used to determine how much tax an individual or a corporation owes to the government.
Federal Income Tax
A charge imposed by the IRS on the yearly income of individuals, corporations, trusts, and various legal bodies.
Book Depreciation
The method of allocating the cost of a physical or tangible asset over its useful life for accounting and tax purposes.
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