The Owner of a Local Nightclub Has Recently Surveyed a Random

question 164

Multiple Choice

The owner of a local nightclub has recently surveyed a random sample of n = 250 customers of the club.She would now like to determine whether or not the mean age of her customers is greater than 30.If so,she plans to alter the entertainment to appeal to an older crowd.If not,no entertainment changes will be made.If she wants to have a level of significance at 0.01,what rejection region should she use?

• A)Reject H₀ if t < -2.3263.
• B)Reject H₀ if t < -2.5758.
• C)Reject H₀ if t > 2.3263.
• D)Reject H₀ if t > 2.5758.

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Definitions:

Accounts Receivable Turnover Ratio

A financial metric that measures how efficiently a company collects cash from its credit sales by dividing net credit sales by the average accounts receivable during a period.

Customer Payment Patterns

The tendencies or behaviors observed in how customers make their payments, which can vary in timing and method.

Debt Ratio

The debt ratio is a financial ratio that measures the extent of a company’s leverage, indicated by dividing total liabilities by total assets.

Quick Ratio

A liquidity ratio that measures a company's ability to meet its short-term obligations with its most liquid assets, excluding inventories.