Suppose You Are Testing the Null Hypothesis That a Population

question 9

Multiple Choice

Suppose you are testing the null hypothesis that a population mean is less than or equal to 80, against the alternative hypothesis that the population mean is greater than 80.The sample size is 49 and alpha =.05.If the sample mean is 84 and the population standard deviation is 14, the observed z value is ___.

• A)2
• B)-2
• C)14
• D)-14
• E)49

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Definitions:

Net Income

The net income of a company once all costs and taxes are deducted from its total revenue.

Short-Term Stock Investments

Investments in stocks that are intended to be held for a short period, typically less than one year, for earning quick profits.

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Mikel Company Bonds

Debt securities issued by Mikel Company to investors, representing loans made by investors to the company.