A researcher tests the mean of a sample of 16 people and calculates a value of 2.42 for the t-statistic. For α = .05 (two-tailed) , which of the following is the MOST appropriate level of significance?

A) p < .05
B) p > .05
C) p < .01
D) p > .01

In a two-tailed hypothesis test, the area in each tail corresponding to the critical values is equal to

A) ​α.
B) ​α/2.
C) ​2α.
D) ​1 - α/2.

Peggy has never made any payments on a 5-year-old loan from her mother at 6% compounded annually. The total interest owed is now $845.56. How much did she borrow from her mother?