In Performing a Hypothesis Test Where the Null Hypothesis Is

question 46

Multiple Choice

In performing a hypothesis test where the null hypothesis is that the population mean is 6.9 against the alternative hypothesis that the population mean is not equal to 6.9, a random sample of 16 items is selected.The sample mean is 7.1 and the sample standard deviation is 2.4.It can be assumed that the population is normally distributed.The level of significance is selected as 0.05.The decision rule for this problem is to reject the null hypothesis if the observed "t" value is ___.

• A)less than -2.131 or greater than 2.131
• B)less than -1.761 or greater than 1.761
• C)less than -1.753 or greater than 1.753
• D)less than -2.120 or greater than 2.120
• E)less than -3.120 or greater than 3.120

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Definitions:

Revenue Enhancement

Strategies or actions taken to increase the amount of income generated from business operations.

Merger

A strategic corporate action where two or more entities combine their operations to form a new organization or become part of an existing one.

Tender Offer Takeovers

An acquisition strategy where the bidder offers to purchase shares from shareholders directly at a specified price, typically at a premium over the market price.

Gains

The financial increase obtained from an investment or transaction, exceeding the initial cost or investment.