A Small Restaurant Owner Believes No More Than 36% of His

question 80

Multiple Choice

A small restaurant owner believes no more than 36% of his customers travel over 10 miles to his business.He is interested in expanding his customer base through marketing.However, he would like to test his hypothesis prior to investing money in a marketing initiative.He intends to use the following null and alternative hypotheses. H_o: p $\le$ 0.36
H_a: p > 0.36
These hypotheses _______________.

• A)indicate a one-tailed test with a rejection area in the right tail
• B)indicate a one-tailed test with a rejection area in the left tail
• C)indicate a two-tailed test
• D)are established incorrectly
• E)are not mutually exclusive

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Interest Rate

The percentage charged or paid for the use of money, typically expressed as an annual percentage of the principal.

Fed

Short for the Federal Reserve System, it is the central banking system of the United States, responsible for monetary policy.

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Deposits that banks have received but have not loaned out.

Interest Rate

The cost of borrowing money, typically expressed as a percentage of the amount borrowed, paid to the lender over a specified period.