A Random Sample of 11 Third Year Medical School Students

question 77

Essay

A random sample of 11 third year medical school students took a comprehensive written exam as well as a comprehensive oral exam.The scores on both exams are given below.It is established that both test scores have highly non-normal distributions. $$\begin{array} { c c c } \text { Student } & \text { Written exam score } & \text { Oral exam score } \\1 & 60 & 55 \\2 & 72 & 78 \\3 & 33 & 60 \\4 & 89 & 87 \\5 & 61 & 79 \\6 & 65 & 82 \\7 & 25 & 41 \\8 & 80 & 58 \\9 & 92 & 95 \\10 & 48 & 64 \\11 & 65 & 70\end{array}$$
-The medical examination board wants to know if the oral exam scores are higher than the written exam scores.State the appropriate hypotheses for this problem.

Identify the journal entries for buying, selling, and holding investments under different accounting standards (IFRS, ASPE).

Calculate and record gains or losses on the sale of equity investments.

Understand the impact of dividends and net income from an investee on the investor's financial statements.

Recognize when and how to record entries for investments revalued to fair value.

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Definitions:

One-Sample F-Test

A statistical test used to compare the variance of a sample to a known variance.

Statistical Significance

A statistical measure that helps to determine whether the observed findings are unlikely to have occurred by chance.

T Value

A value calculated from sample data used to assess whether a null hypothesis should be rejected in the context of a t-test.

Population's Standard Deviation

A measure of the dispersion or spread of scores within a given population, indicating the average distance from the mean.