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Consider the following to answer the question(s) below:
The cost of a university education has increased at a much faster rate than costs in general over the past twenty years. In order to compensate for this, many students work part- or full-time in addition to attending classes. At one university, it is believed that the average number of hours students work per week exceeds 20. A random sample of 20 students was selected and the following values were observed:
-The correct value of the test statistic is
Federal Banks
Centralized banking institutions established by a country to oversee the monetary system and implement national economic policies.
State Banks
Financial institutions chartered by a state to provide banking services.
National Banks
Financial institutions that are chartered by the federal government and play a key role in the country’s financial system and economy.
Discount Rate
The interest rate charged to commercial banks and other financial institutions for the loans they take from the Federal Reserve Bank's lending facility.
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