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The mean length of a candy bar is 43 millimeters. There is concern that the settings of the machine cutting the bars have changed. Test the claim at the 0.02 level that there has been no change in the mean length. The alternate hypothesis is that there has been a change. Twelve bars (n = 12) were selected at random and their lengths in millimeters recorded. The lengths (in millimeters) are 42,39,42,45,43,40,39,41,40,42,43,and 42. The mean of the sample is 41.5 and the standard deviation is 1.784. If the computed t = −2.913,has there been a statistically significant change in the mean length of the bars?
Post-split Price
The value of an individual share after a company has completed a stock split.
Repurchase (Buyback)
The act of a company buying back its own shares from the marketplace, often to reduce the amount of outstanding stock.
Market Price
The price at which a service or asset is currently available for buy or sell transactions.
Intrinsic Value
An underlying or fundamental value. In securities analysis, the price of a security (usually a stock) derived from extensive analysis of the issuing company and its industry. In financial options, the difference between the market price of the underlying stock and the price at which an option on that stock can be exercised (the strike price) if that difference is positive, zero if it is not.
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