A Restaurant Manager Claims That Food Servers at This Restaurant

question 24

Multiple Choice

A restaurant manager claims that food servers at this restaurant make at least $15 per hour in tips.A random sample of 50 hours shows the mean amount of tips to be $12 per hour with standard deviation $0.75 per hour.What is the value of the test statistic that can be used to determine if there is convincing evidence that the mean amount of tips made per hour is less than the manager claimed?

• A)t = -7.165
• B)t = -0.566
• C)t = 9.172
• D)t = -0.08

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Definitions:

Feedback Value

The importance or usefulness of feedback received for improving performance or decision-making processes.

Stockholders' Equity

The remaining value in a company's assets after liabilities are subtracted, commonly known as owner's equity or shareholder's equity.

Assets

Resources owned or controlled by a business or an individual, which are expected to produce economic value or benefit in the future.

Additional Shares

Shares issued by a company in addition to its existing shares, often to raise extra capital.