subject
Business, 26.04.2021 21:30 xxxharveyweinsteinxx

At the time she was hired as a server at the Grumney Family Restaurant, Beth Brigden was told, “You can average $84 a day in tips.” Assume the population of daily tips is normally distributed with a standard deviation of $3.51. Over the first 46 days she was employed at the restaurant, the mean daily amount of her tips was $86.54. At the 0.10 significance level, can Ms. Brigden conclude that her daily tips average more than $84? a. State the null hypothesis and the alternate hypothesis.

multiple choice 1
H0: μ ≥ 84; H1: μ < 84
H0: μ >84; H1: μ = 84
H0: μ ≤ 84; H1: μ > 84
H0: μ = 84; H1: μ ≠ 84

b. State the decision rule.

multiple choice 2
Reject H0 if z > 1.28
Reject H1 if z < 1.28
Reject H1 if z > 1.28
Reject H0 if z < 1.28

c. Compute the value of the test statistic. (Round your answer to 2 decimal places.)

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 11:40
In each of the following, what happens to the unemployment rate? does the unemployment rate give an accurate impression of what’s happening in the labor market? a.esther lost her job and begins looking for a new one.b.sam, a steelworker who has been out of work since his mill closed last year, becomes discouraged and gives up looking for work.c.dan, the sole earner in his family of 5, just lost his $90,000 job as a research scientist. immediately, he takes a part-time job at starbucks until he can find another job in his field.
Answers: 2
question
Business, 22.06.2019 16:00
In macroeconomics, to study the aggregate means to study blank
Answers: 1
question
Business, 22.06.2019 20:00
Ryngard corp's sales last year were $38,000, and its total assets were $16,000. what was its total assets turnover ratio (tato)? a. 2.04b. 2.14c. 2.26d. 2.38e. 2.49
Answers: 1
question
Business, 22.06.2019 20:00
Which of the following statements is true of the balanced-scorecard? a. it is a more or less a one-dimensional metric of measuring competitive advantages of a firm. b. it is one of the traditional approaches of measuring firm performance. c. its primary focus is to base a firm's strategic goals entirely on external performance dimensions. d. it attempts to provide a holistic perspective on firm performance.
Answers: 1
You know the right answer?
At the time she was hired as a server at the Grumney Family Restaurant, Beth Brigden was told, “You...
Questions
question
Mathematics, 19.08.2019 08:50
question
Mathematics, 19.08.2019 08:50
question
Mathematics, 19.08.2019 08:50