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A researcher wishes to determine if students are able to complete a certain puzzle more quickly while exposed to a pleasant floral scent. Suppose the time (in seconds) needed for high school students to complete the puzzle while exposed to the scent follows a normal distribution with mean and standard deviation = 4. Suppose also, that in the general population of all high school students, the time needed to complete the puzzle follows a normal distribution with mean 80 and standard deviation = 4. The researcher, therefore, decides to test the hypotheses:
H0: = 80 Ha: < 80
To do so, the researcher has 10,000 high school students complete the puzzle in the presence of the floral scent. The mean time for these students is
= 79.8 seconds and the P-value is less than 0.0001.
It is appropriate to conclude which of the following?
Contract
A legally binding agreement between parties that outlines the terms and conditions of a particular arrangement or deal.
Forward Contracts
Agreements to buy or sell an asset at a future date for a price agreed upon today, often used for hedging or speculation.
Marked-To-The Market
An accounting practice where assets or securities are valued according to their current market price, not their purchase price or book value.
Resold
Items or assets that have been purchased and then sold to another party, potentially at a different price.
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