The unequal-variances test statistic of 
has an approximate ____________________ distribution with 
degrees of freedom.
Definitions:
Quarterly Dividend
A distribution of a portion of a company's earnings, decided by the board of directors, to shareholders on a quarterly basis.
Tax-exempt Institutional Stockholders
Institutional investors that are exempt from paying taxes on dividends received or gains realized from stock holdings.
High Dividend Policy
A strategy by which companies pay out a significant portion of their profits in the form of dividends to their shareholders.
Percentage
A mathematical concept that represents a fraction of 100, commonly used to quantify the relative size of one quantity as a fraction of another.
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