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A newly hired basketball coach promised a high-paced attack that will put more points on the board than the team's previously tepid offense historically managed.After a few months,the team owner looks at the data to test the coach's claim.He takes a sample of 36 of the team's games under the new coach and finds that they score an average of 101 points with a standard deviation of 6 points.Over the past 10 years,the team had averaged 99 points.What is (are) the appropriate critical value(s) to test the new coach's claim at the 1% significance level?
Trading Securities Portfolio
A collection of securities bought and held primarily for sale in the short term to generate income on short-term price differences.
Fair Value
The estimated price at which an asset can be bought or sold in an orderly transaction between market participants at the valuation date.
Unrealized Gain
An increase in the value of an asset that has not been sold, thus not yet generating actual profit.
Readily Marketable
Items or securities that are readily marketable can be quickly sold in the market without significantly affecting their price.
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