A Large University Is Interested in Learning About the Average

question 24

Multiple Choice

A large university is interested in learning about the average time it takes students to drive to campus. The university sampled 238 students and asked each to provide the amount of time they
Spent traveling to campus. This variable, travel time, was then used conduct a test of hypothesis.
The goal was to determine if the average travel time of all the universityʹs students differed from
20 minutes. Suppose the large-sample test statistic was calculated to be z = 2.14. Find the p-value
For this test of hypothesis.

• A)p = 0.4838
• B)p = 0.9838
• C)p = 0.0324
• D)p = 0.0162

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Definitions:

Holding Cash

The practice of keeping liquid assets on hand for transactional purposes or as a precaution against unforeseen expenses.

Maturity Matching Principle

This principle suggests that the duration of assets and liabilities in a company's portfolio should be aligned, meaning short-term assets should be financed with short-term liabilities, and long-term assets with long-term liabilities.

Long-term Funding

Financing obtained for a period longer than a year, used for acquiring assets, structural projects, or significant investments.

Short-term Funding

Financing obtained for a period of one year or less, often used to manage the day-to-day operational costs of a business.