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A Newly Hired Basketball Coach Promised a High-Paced Attack That

question 66

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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?


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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.

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An increase in the value of an asset that has not been sold, thus not yet generating actual profit.

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