A firm specializing in the preparation of income tax returns, claims the mean refund for customers who received refunds last year was R150. For a random sample of 12 customers who received refunds last year, the mean amount was found to be R125, with a standard deviation of R43. The test statistic (rounded off to two decimals) is:   A. T=-2.01 B. Z=-2.01 C. T=2.20 D. T<-2.20

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.4: Distributions Of Data
Problem 19PFA
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A firm specializing in the preparation of income tax returns, claims the mean refund for customers who received refunds last year was R150. For a random sample of 12 customers who received refunds last year, the mean amount was found to be R125, with a standard deviation of R43. The test statistic (rounded off to two decimals) is:

 

A. T=-2.01

B. Z=-2.01

C. T=2.20

D. T<-2.20

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