The Text Reports the Results of a Test for the Significance

question 41

Multiple Choice

The text reports the results of a test for the significance of the difference in average education for random samples of males and females.Males earned an average of 13.35 years of schooling and females averaged 13.25 years.The Z score computed in step 4 for this difference was 1.02.Given these results,which of the following is a reasonable conclusion?

• A)The difference is statistically significant,large,and important.
• B)The difference is not statistically significant and was probably caused by random chance.
• C)There is an important gender gap in education in the United States.
• D)This difference is statistically significant but quite small.

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Definitions:

Lost Wages

The income an individual is unable to earn due to their inability to work, often resulting from an injury or illness.

Compounded Monthly

A process where interest is calculated and added to the principal sum of a loan or deposit each month.

Mortgage

A loan secured by real property, typically used to purchase that property, where the borrower agrees to make payments to the lender over a set period.

Compounded Monthly

Interest is calculated and added to the total amount on a monthly basis, leading to faster growth due to more frequent compounding periods.