TABLE 10-5 To Test the Effectiveness of a Business School Preparation Course

question 33

Multiple Choice

TABLE 10-5
To test the effectiveness of a business school preparation course, 8 students took a general business test before and after the course. The results are given below.
Exam Score Exam Score
Student Before Course (1) After Course (2)
1 530 670
2 690 770
3 910 1,000
4 700 710
5 450 550
6 820 870
7 820 770
8 630 610
-Referring to Table 10-5, at the 0.05 level of significance, the conclusion for this hypothesis test is that there is sufficient evidence that

• A) the business school preparation course does improve exam score.
• B) the business school preparation course does not improve exam score.
• C) the business school preparation course has no impact on exam score.
• D) No conclusion can be drawn from the information given.

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Definitions:

Consumer Tastes

Consumer Tastes denote the preferences and desires that influence the buying behavior of consumers, often affected by cultural, social, and personal factors.

Capital Goods

Long-lasting goods that are used in the production of other goods or services, such as machinery, equipment, and buildings.

Production Possibility Frontier

A graphical representation depicting the maximum output possibilities for two goods, given a set of inputs, highlighting the trade-offs in production choices.

Efficiency

The ability to achieve a desired outcome or output with the least waste of time, effort, or resources.