High School Students Were Interested in a Teacher's Claim That

question 87

Short Answer

High school students were interested in a teacher's claim that the length of time (hours) that a student studies for a test, the higher the test score. The students collected the data and the teacher did the regression analysis with the following results.
To test the null hypothesis that the slope is zero, what are the t-test statistic and the t-critical value using the 0.05 significance level?

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Definitions:

Carrying Amount

Also known as book value, this is the value of an asset as recorded in the company's balance sheet, after deducting accumulated depreciation or amortization.

Bond Discount Account

An account that shows the difference between the face value and the lower selling price of a bond, which is amortized over the life of the bond.

Balance Sheet

A financial statement that provides a snapshot of a company's financial condition at a specific point in time, detailing assets, liabilities, and equity.

Deduction

A deduction is an expense that can be subtracted from gross income in order to reduce the amount of income that is subject to tax.