A Random Sample of Size 15 Is Selected from a Normal

question 40

Multiple Choice

A random sample of size 15 is selected from a normal population. The population standard deviation is unknown. Assume that a two-tailed test at the 0.10 significance level is to be used. For what value of t will the null hypothesis be rejected?

• A) To the left of-1.282 or to the right of 1.282
• B) To the left of-1.345 or to the right of 1.345
• C) To the left of-1.761 or to the right of 1.761
• D) To the left of-1.645 or to the right of 1.645

---

Definitions:

M2

M2 is a category of money supply that includes all elements of M1 (cash and checking deposits) as well as "near money," such as savings deposits, money market securities, and mutual funds.

M3

A gauge of monetary supply that encompasses M2, including cash, checking deposits, and near money that's easily converted, in addition to large-scale time deposits, institutional money market funds, and other sizeable liquid assets.

Check-Cashing Outlets

Businesses that offer to cash checks for a fee, often serving customers who do not have access to traditional banking services.

Banking Services

Various financial services provided by banks, including loans, deposits, money transfers, and account management.