You Are Interested in Determining If the Average Amount of Time

question 73

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. What is the value of the t statistic after removing the second observation (value = 100) ?

• A)6.65
• B)1.43
• C)0
• D)None of the above

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Definitions:

Canada Savings Bonds

Canadian government savings products that are available for a limited period each year and offer a guaranteed rate of interest.

Per Annum

A term used to represent an annual occurrence or an amount over the course of a year.

Cashing In

The process of selling or converting a financial asset or investment for cash.

Combined Equivalent Value

The total value derived from combining several financial instruments or calculations to understand their overall effect.