Recently, an Automobile Insurance Company Performed a Study of a Random

question 114

Multiple Choice

Recently, an automobile insurance company performed a study of a random sample of 15 of its customers to determine if there is a positive relationship between the number of miles driven and the age of the driver. The sample correlation coefficient is r = .38. Given this information, and assuming that the test is to be performed at the .05 level of significance, which of the following is the correct test statistic?

• A) t = 1.4812
• B) t = 1.7709
• C) z = 2.114
• D) t = 1.74

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Definitions:

Federal Income Taxes

Taxes levied by the federal government on individuals' and organizations' annual earnings.

Unemployment Taxes

Taxes employers pay to federal and state governments to fund unemployment benefits for workers who lose their jobs.

Internal Controls

Procedures and measures taken by a business to safeguard its assets, ensure accuracy and reliability in accounting records, and enhance operational efficiency.

Payroll

The total amount paid to employees for services they provided during a certain period.