You Are Interested in Determining If the Average Amount of Time

question 52

Multiple Choice

You are interested in determining if the average amount of time (in hours) that students spend on the Internet per day is greater than 2 hours.The data below are from a random sample of 11 students. If we remove the second observation (value = 100) ,we could test the hypothesis using a ____ .

• A)z statistic
• B)t statistic

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Definitions:

Patent

An exclusive right granted for an invention, which allows the patent owner to exclude others from making, using, or selling the invention.

Book Value

The difference between the total assets and total liabilities of a company, indicating its net asset value as recorded on the balance sheet.

Purchase

The acquisition of goods or services in exchange for money, signifying an increase in ownership of assets or services.

Sale

A sale is the transaction between two parties where the buyer receives goods, services, or assets in exchange for money or other consideration from the seller.