A Random Sample of Ersatz University Students Revealed That 16

question 93

Multiple Choice

A random sample of Ersatz University students revealed that 16 females had a mean of $22.30 in their wallets with a standard deviation of $3.20, while 6 males had a mean of $17.30 with a standard deviation of $9.60. At α = .10, to test for equal variances in a two-tailed test, the critical values are:

• A)0.441 and 3.24
• B)0.556 and 2.27
• C)0.345 and 4.62
• D)0.387 and 2.90

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Definitions:

Debit

An entry recorded on the left side of a bookkeeping ledger for a transaction that increases asset or expense accounts, or decreases liability, equity, or revenue accounts.

Sales Tax Payable

A liability account that records the amount of sales tax collected from customers, which is owed to the government.

Normal Balance

Represents the side (debit or credit) of an account that increases its value, based on the double-entry accounting system.

Debit

An accounting entry that increases an asset or expense account, or decreases a liability or equity account.