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Exhibit 10.9.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 denote the mean of the difference: score after tutoring minus score before tutoring. Refer to Exhibit 10.9.Calculate the value of the test statistic.
Convertible Notes
Debt instruments that can be converted into a specified number of shares of the issuing company at certain times during its life, usually at the discretion of the note holder.
Liability
A present obligation of the entity to transfer an economic resource as a result of past events.
Equity
The value of an owner's interest in a property or business, after subtracting liabilities.
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