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Exhibit 7-4: a Group of Researchers Has Developed a Method

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Exhibit 7-4: A group of researchers has developed a method that they hypothesize will improve physics test scores.They randomly selected nine students to participate in their study.The nine students were administered an ACT test, trained in the new method, and then administered an alternate form of the ACT test.The following data are their scores:
Subject Test 1 Test 2 120192202032421424245242261715718158181692018 \begin{array}{lll}\text {Subject } & {\text {Test 1 }}{} & \text {Test 2 } \\ 1 & 20 & 19 \\ 2 & 20 & 20 \\ 3 & 24 & 21 \\ 4 & 24 & 24 \\ 5 & 24 & 22 \\ 6 & 17 & 15 \\ 7 & 18 & 15 \\ 8 & 18 & 16 \\ 9 & 20& 18\end{array}
-Refer to Exhibit 7-4.The test is statistically significant at what level?

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Definitions:

Gross Profit

The difference between revenue and the cost of goods sold, before deducting overheads, salaries, and other operating expenses.

Net Income

After deducting taxes and expenses from its revenues, the resultant profit of a company.

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