A Small Restaurant Owner Believes at Least 36 % of His

question 106

Multiple Choice

A small restaurant owner believes at least 36 % of his customers would be willing to order take out service if it were available.He is interested in surveying his customer base.He intends to use the following null and alternative hypotheses. H_o: p $\ge$ 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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Definitions:

General Journal

The primary accounting record used for recording all day-to-day financial transactions of a company.

General Ledger

The master set of accounts that summarize all transactions occurring within an entity, serving as the main source for financial reporting.

Normal Balance

The side (debit or credit) of an account that is expected to have a higher balance, according to the rules of double-entry accounting.

Debit

An accounting entry that results in either an increase in assets or a decrease in liabilities on a company's balance sheet.