The Campus Bookstore Asked a Random Set of Freshmen and Seniors

question 4

Multiple Choice

The campus bookstore asked a random set of freshmen and seniors how much they spent on textbooks for that term. The bookstore believes that the two groups spend the same amount. What is the test value?
$\begin{array}{|l|c|c|}\hline & \text { Freshmen } & \text { Seniors } \\\hline \text { Sample size } & 80 & 60 \\\hline \text { Mean spending } & 40 & -15 \\\hline \text { Sample variance } & 400 & 800 \\\hline\end{array}$

• A) 3.00
• B) 4.28
• C) 12.85
• D) 2.00

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Definitions:

Long-Term Assets

Assets that are expected to provide economic benefits to a company for more than one year, such as real estate, machinery, and patents.

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Noncompetitive Clause

A contract agreement that restricts one party from entering into or starting a similar profession or trade in competition against another party.

Due Disclosure

The legal and ethical requirement to provide honest and complete information relevant to a business transaction or financial statement.