The Average Response Time to a Bank Robbery Is About

question 25

Multiple Choice

The average response time to a bank robbery is about 9 minutes.A local community wants to improve on this time,so they implement advanced training seminars.They find that the new response time for a sample of 36 police officers is 8±4.2 (M±SD) minutes.Test whether this advanced training seminar reduced response time at a .05 level of significance.

• A)This advanced training seminar significantly reduced response time,t(35)= 11.43,p < .05.
• B)This advanced training seminar significantly reduced response time,t(35)= -1.43,p < .05.
• C)This advanced training seminar did not reduce response time,t(35)= -1.43,p > .05.
• D)There is not enough information to answer this question.

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Definitions:

Net Assets

represent the residual interest in the assets of an entity after deducting its liabilities.

Fair Market Value

An estimate of the price at which an asset would change hands between willing buyers and sellers in an arms-length transaction.

Book Value

The net value of a company's assets, subtracting liabilities from the total assets, often used to determine a company's worth.

Pac-man Defence

A strategy used by a company facing a hostile takeover attempt, where it turns around to try to acquire the company that initially targeted it.