Read the T Statistic from the Table of T Distributions

question 48

Multiple Choice

Read the t statistic from the table of t distributions and circle the correct answer. A one-tailed test (lower tail) , a sample size of 10 at a .10 level of significance; t = _____.

• A) 1.383
• B) -1.372
• C) -1.383
• D) -2.821

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Definitions:

Safety Stock

Inventory kept on hand to protect against variability in demand or lead time.

Average Inventory

The mean stock level held by a business over a certain period of time, calculated to manage and evaluate inventory efficiently.

Aggregate Supply Curve

A graph showing the relationship between the total output produced by an economy and the price level for output, over a period.

Actual Price Level

The current index of prices for goods and services, reflecting inflation or deflation in an economy.