A Manager of the Credit Department for an Oil Company

question 101

Multiple Choice

A manager of the credit department for an oil company would like to determine whether the average monthly balance of credit card holders is equal to $75. An auditor selects a random sample of 100 accounts and finds that the average owed is $83.40 with a sample standard deviation of $23.65. If you wanted to test whether the average balance is different from $75 and decided to reject the null hypothesis, what conclusion could you draw?

• A) There is not evidence that the average balance is $75.
• B) There is evidence that the average balance is $75.
• C) There is evidence that the average balance is not $75.
• D) There is not evidence that the average balance is not $75.

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Definitions:

Part-time Workers

Individuals employed in jobs that have fewer hours than a full-time position, typically offering lower pay and fewer benefits.

Permanent Workforce

Employees who are hired on an indefinite basis, offering stability and long-term employment benefits within an organization.

Flextime Employees

Workers who have flexible work schedules, allowing them to vary their arrival and departure times as long as they complete their working hours.

Line Managers

Managers who directly contribute to producing the organization’s goods or services.