Use the Below Information to Answer the Following Question(s)

question 64

Multiple Choice

Use the below information to answer the following question(s) .
The following table provides data on a sample of customers who visited a local restaurant.The restaurant owner believes that the average profit per customer exceeds $25.
-Formulate the null and the alternative hypotheses to determine if the data supports the restaurant owner's claim.

• A)H₀: The average profit per customer = $25 H₁: The average profit per customer ≠ $25
• B)H₀: The average profit per customer ≤ $25 H₁: The average profit per customer > $25
• C)H₀: The average profit per customer ≥ $25 H₁: The average profit per customer < $25
• D)H₀: The average profit per customer > $25 H₁: The average profit per customer ≤ $25

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Definitions:

Contest

A competition where participants strive to win by surpassing others in some criteria.

Relationship Selling

A sales approach that focuses on building long-term relationships with customers rather than on individual transactions.

Multi-Level Marketing

A direct sales strategy where individuals sell products and recruit others to sell, earning commissions from their sales and the sales of the team they recruit.

Loyalty Selling

A sales strategy focused on creating and maintaining long-term relationships with customers to encourage repeat business.