A Psychologist Has Designed a New Intelligence Test

question 61

Multiple Choice

A psychologist has designed a new intelligence test. Historically, time to complete the old test was an average of 120 minutes. With the altered format of the test, the psychologist claims that the time to complete the test is no longer 120 minutes. A sample of 50 new test taking times yielded an average time of 118 minutes. The population standard deviation is known to be 5 minutes
-How much evidence do we have to reject the null hypothesis?

• A)No evidence
• B)Some evidence
• C)Strong evidence
• D)Very Strong evidence
• E)Extremely Strong evidence

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Definitions:

Public Issue

The offering and sale of securities to the general public for the first time, typically through a stock exchange.

New Issue

Pertains to a financial security that has been recently issued to the public market for the first time, such as stocks or bonds.

Dutch Auction Underwriting

The type of underwriting in which the offer price is set based on competitive bidding by investors. Also known as a uniform price auction.

Competitive Bidding

A procurement process where suppliers submit bids to win a contract, ensuring transparency and fairness while possibly lowering costs.