The Owner of a Local Nightclub Has Recently Surveyed a Random

question 122

Multiple Choice

The owner of a local nightclub has recently surveyed a random sample of n = 250 customers of the club.She would now like to determine whether or not the mean age of her customers is greater than 30.If so,she plans to alter the entertainment to appeal to an older crowd.If not,no entertainment changes will be made.If she wants to have a level of significance at 0.01,what rejection region should she use?

• A)^{Reject H}0 ^{if t < - 2.3263.}
• B)^{Reject H}0 ^{if t < - 2.5758.}
• C)^{Reject H}0 ^{if t > 2.3263.}
• D)^{Reject H}0 ^{if t > 2.5758.}

---

Definitions:

Sinking Fund Clause

A provision in a bond contract that requires the issuer to periodically set aside funds to retire a portion of the debt before it matures.

Inflation-Indexed Treasury Securities

Government bonds that are adjusted for inflation to protect investors from the decline in purchasing power.

TIPS

Treasury Inflation-Protected Securities, a type of U.S. government bond designed to help protect investors from inflation, as the principal value adjusts with inflation.

PIKs

Short for "Payment in Kind," a type of financing or loan where the borrower can pay interest or dividends with additional securities instead of cash.