Determine Whether the Hypothesis Test Involves a Sampling Distribution of Means

question 3

Multiple Choice

Determine whether the hypothesis test involves a sampling distribution of means that is a normal distribution, Student t distribution, or neither.
-Claim: $\mu = 959$ . Sample data: $n = 25 , \bar{x} = 951 , s = 25$ . The sample data appear to come from a normally distributed population with $\sigma = 28$ .

• A) Normal
• B) Neither
• C) Student \(t\)

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Definitions:

Affect-as-information Hypothesis

A theory suggesting that people use their current emotions to make decisions and judgments in the absence of more objective information.

Affective Forecasting

Predicting how one will feel in the future after experiencing an event or making a decision.

Financial Decisions

Choices made regarding the management, investment, and expenditure of money.

Selling Price

The amount for which a product or service is sold to the customer.