Which Statistical Method Should Be Used to Answer the Following

question 14

Multiple Choice

Which statistical method should be used to answer the following question?
"The published mean for albumin for young adult males is 4.7 mg/dL.A laboratory tested 25 young adult males and found a mean albumin of 4.6 mg/dL ±0.15 mg/dL.Is the mean for the laboratory different from the published mean at the 5% probability level?"

• A)t-test
• B)unpaired t-test
• C)paired t-test
• D)linear regression

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Definitions:

Long-Term Bonds

Are debt securities with a maturity date extending beyond ten years, offering an investor fixed interest payments over a long duration.

Bond Buyer

An individual or entity that purchases bonds as a form of investment, looking to earn interest over time.

Risk

The exposure to the chance of loss or damage.

Financial Institutions

Organizations that provide financial services, including banks, credit unions, insurance companies, and investment firms.