In 2007, Directors of Financial Aid at the University of Texas

question 43

Multiple Choice

In 2007, directors of financial aid at the University of Texas at Austin and the University of Southern California were found to:

• A) be giving students misleading financial information
• B) be using unfair bait and switch tactics
• C) hold shares in student loan companies which students were referred to
• D) have directed students to fraudulent loan companies

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Definitions:

Degrees Of Freedom

A concept in statistics referring to the number of independent values or quantities which can vary in the computation of a statistic, often related to the number of observations in a sample minus the number of restrictions or parameters.

T-Distribution

A type of probability distribution that is symmetric and bell-shaped, used in statistics for small sample sizes when the population variance is unknown.

Confidence Interval

A scope of values, derived through sample statistical methods, seen as likely to include the value of an unascertained population parameter.

Population Mean

The average of a set of numerical values obtained from every member of a population.