A Survey About Classical Musical Tastes Measures Liking or Disliking

question 6

Essay

A survey about classical musical tastes measures liking or disliking using a 10 point scale where a 10 = likes very much. Here are the findings:
College graduates mean = 5.7
Non college-grads mean = 4.1
t value = 12.2, p < .001
-Why is a t-test being used here?

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Definitions:

Stated Rate

The interest rate expressed in the terms of a loan or investment agreement, not including the effects of compounding.

Convertible Bonds

Bonds that can be converted into a predetermined number of the issuing company's shares at certain times during their life, usually at the discretion of the bondholder.

Common Stock

Represents ownership shares in a corporation, giving holders a claim on part of the company's profits in the form of dividends and voting rights at shareholders' meetings.

Bondholders

Individuals or entities that hold debt securities issued by corporations or governments, expecting to receive fixed interest payments and the principal back at maturity.