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The park manager at Fort Fisher State Park in North Carolina believes the typical park visitor spends at least 90 minutes in the park during the summer months. A sample of 18 visitors during the summer months of 2011 revealed the mean time in the park was 96 minutes with a standard deviation of 12 minutes. At the .01 significance level, is it reasonable to conclude that the mean time in the park is greater than 90 minutes?
Which of the following is true regarding equity and efficiency in competitive markets? A. Competitive markets ensure equity and efficiency. B. There is often a trade-off between equity and efficiency. C. Competitive markets lead to neither equity nor efficiency. D. There is generally agreement about the level of equity and efficiency in a market. E. None of the above
The text describes a premium in the context of a life insurance policy as a periodic fee that a person pays for an insurance policy. The word premium is often used to describe a sum, price, or value that is higher than the nominal or regular value. Knowing this, why do you think insurance fees are called ?