A Psychologist Has Designed a New Intelligence Test

question 108

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
-The test statistic to test these hypotheses is _____.

• A)-2.83
• B)-6.32
• C)5.64
• D)-5.64
• E)2.82

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Definitions:

Acquisition

The act of one company purchasing most or all of another company's shares to gain control of that company.

Tender Offer

A public bid by an individual or entity to purchase a significant portion of a company's shares at a particular price, aiming for control or influence.

Minority Shareholders

Individuals or entities that own less than 50% of a company's shares, giving them limited control over corporate decisions.

Merger

The combination of two or more companies into a single corporate entity, often with the goal of increasing market share, reducing costs, or expanding into new segments.