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A tutor promises to improve GMAT scores of students by more than 50 points after three lessons. To see if this is true, the tutor takes a sample of 49 students' test scores after and before they received tutoring. The mean difference was 53 points better after tutoring, with a standard deviation of the difference equal to 12 points. Let µD denote the mean of the difference: score after tutoring minus score before tutoring. Which of the following is the appropriate conclusion at the 5% significance level?
Hair Dryers
Electrical devices used to blow dry hair by emitting warm air.
Economies of Scope
Cost advantages that arise from a firm or company expanding its product line or markets, exploiting shared resources or technologies.
Economies of Scale
Cost advantages reaped by companies when production becomes efficient, leading to a decrease in the cost per unit as output increases.
Outputs
The goods or services produced by a business or an economy.
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