The Results of a Mathematics Placement Exam at Mercy College

question 4

Multiple Choice

The results of a mathematics placement exam at Mercy College for two campuses is as follows: We want to test the hypothesis that the mean score on Campus 1 is higher than on Campus 2.
Using the printout above, what decision(s) can be made?

• A) Looking at the P-value we conclude that there is no significant difference in the results from each campus.
• B) At a 5% level of significance we conclude that there is no significant difference in the results from each campus.
• C) At a 1% level of significance we conclude that campus 1 results are higher than campus 2 results.
• D) Looking at the P-value we conclude that there is no significant difference in the results from each campus; we get the same conclusion when tested at a 5% level of significance.
• E) Looking at the P-value we conclude that there is no significant difference in the results from each campus; however, at a 1% level of significance we conclude that campus 1 results are higher than campus 2 results.

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Definitions:

Cost Of Goods

The total cost incurred in the production of goods sold by a company, including materials, labor, and overhead expenses.

Beginning Inventory

The value of all the inventory held by a company at the start of an accounting period.

Inflation

The rate at which the general level of prices for goods and services is rising, and, subsequently, purchasing power is falling.

Ending Inventory

The value of goods available for sale at the end of an accounting period.