A Major Blu-Ray Rental Chain Is Considering Opening a New

question 162

Multiple Choice

A major Blu-ray rental chain is considering opening a new store in an area that currently does not have any such stores.The chain will open if there is evidence that more than 5,000 of the 20,000 households in the area are equipped with Blu-ray players.It conducts a telephone poll of 300 randomly selected households in the area and finds that 96 have Blu-ray players.State the test of hypothesis that is of interest to the rental chain.

• A)H₀ : π ≤ 0.32 versus H_{1 :} π > 0.32
• B)H₀ : π ≤ 0.25 versus H_{1 :} π > 0.25
• C)H₀ : π ≤ 5,000 versus H_{1 :} π > 5,000
• D)H₀ : μ ≤ 5,000 versus H₁ : μ > 5,000

---

Definitions:

Capital

Financial assets or the financial value of assets, such as cash and buildings, used by a business to produce goods and services.

Human Labor

This is the effort contributed by humans in the production process, including physical and intellectual contributions.

Marginal Productivity Theory

An economic theory that suggests that the amount of compensation or wage received by a resource (like labor) is determined by its marginal productivity or the additional output generated by using one more unit of the resource.

Income Distribution

Describes how a nation’s total GDP is distributed amongst its population, impacting levels of wealth and poverty.