Suppose We Wish to Test the Hypothesis That an Internship

question 70

Multiple Choice

Suppose we wish to test the hypothesis that an internship program allows its interns to earn $2,750 per semester and let us assume that this hypothesis is, in fact, true. Which of the following best illustrates the logic of hypothesis testing at the 99% confidence level?

• A) From among 100 samples, 99 percent of them would generate means that fall outside + or - 2.58 z scores.
• B) From among 99 samples, 100 percent of them would generate means that fall within + or - 2.58 z scores.
• C) From among 100 samples, 1 percent of them would generate means that fall outside + or - 2.58 z scores.
• D) From among 100 samples, 1 percent of them would generate means that fall outside + or - 1.96 z scores.
• E) From among 95 samples, 1 percent of them would generate means that fall outside + or - 1.96 z scores.

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Definitions:

Six-Figure Accuracy

A term indicating a level of precision in calculations or measurements that is accurate to six digits.

Powers

Powers typically refer to the abilities or authority to perform certain actions or duties, often used in the context of legal, political, or organizational capacities.

Six-Figure Accuracy

A level of precision in numerical calculations or measurements that extends to six digits.

Exponent

In mathematics, a number or symbol, notably placed above and to the right of a mathematical expression, denoting the power to which a given expression is to be raised.