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TABLE 9-9
The president of a university claimed that the entering class this year appeared to be larger than the entering class from previous years but their mean SAT score is lower than previous years. He took a sample of 20 of this year's entering students and found that their mean SAT score is 1,501 with a standard deviation of 53. The university's record indicates that the mean SAT score for entering students from previous years is 1,520. He wants to find out if his claim is supported by the evidence at a 5% level of significance.
-Referring to Table 9-9, what critical value should the president use to determine the rejection region?
Stakeholder Responsibility
The obligation of an organization to consider the interests of all stakeholders in its decisions and activities.
Profit Responsibility
The obligation and accountability of individuals or departments within an organization to achieve financial targets and contribute positively to the company's overall profitability.
The Toyota Way
A set of principles and behaviors that underlie the Toyota Motor Corporation's managerial approach and production system, emphasizing continuous improvement and respect for people.
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