It Has Been Hypothesized That on Average Employees Spend One

question 85

Multiple Choice

It has been hypothesized that on average employees spend one hour a day playing video games at work.To test this at her company,a manager takes a random sample of 35 employees who showed a mean time of 55 minutes per day with a standard deviation of 5 minutes.Calculate the test statistic.

• A)5.92
• B)63.89
• C)11.84
• D)-5.92
• E)-63.89

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Definitions:

Equal Payments

Regularly scheduled payments of the same amount over the term of a loan or mortgage.

Interest Annually

The amount of interest earned or paid over a one-year period, often expressed as a percentage of the principal.

Economic Values

The worth of goods or services as determined by their utility and the market forces of supply and demand.

Annual Rate

A fixed percentage representing the yearly cost or return of a financial product or service.