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You Want to See If the Number of Minutes Cell

question 69

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You want to see if the number of minutes cell phone users use each month has changed from its mean of 120 minutes 2 years ago.You take a random sample of 100 cell phone users and find an average of 135 minutes used.


Definitions:

Income Stream

Income stream is a consistent flow of money received from an investment, work, or property over a period of time.

Dividends

Payments made by a corporation to its shareholders, usually in the form of cash or additional shares, from its net profits.

Retained Earnings

The portion of a company's profits not distributed as dividends to shareholders but reinvested in the business.

Dividend

A segment of a corporation's profits given out to its shareholders, typically as cash or more shares.

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