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:

Economic Growth

An increase in a country's capacity to produce goods and services, compared from one period of time to another.

Credit Default Swaps

Financial derivatives that allow an investor to swap or offset their credit risk with that of another investor.

Insurance Contract

A legal agreement between an insurance company and the policyholder, which specifies the terms for the payment of insurance benefits.

Default

Failure to fulfill a financial obligation, especially failing to make payments on a loan, bond, or other debt instrument.