An Entrepreneur Is Considering the Purchase of a Coin-Operated Laundry

question 180

Multiple Choice

An entrepreneur is considering the purchase of a coin-operated laundry.The current owner claims that over the past 5 years,the mean daily revenue was $675 with a population standard deviation of $75.A sample of 30 days reveals a daily mean revenue of $625.If you were to test the null hypothesis that the daily mean revenue was $675 and decide not to reject the null hypothesis,what can you conclude?

• A)There is not enough evidence to conclude that the daily mean revenue was $675.
• B)There is not enough evidence to conclude that the daily mean revenue was not $675.
• C)There is enough evidence to conclude that the daily mean revenue was $675.
• D)There is enough evidence to conclude that the daily mean revenue was not $675.

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Definitions:

Behavioural Therapist

A mental health professional specializing in techniques to change maladaptive behaviors and improve mental health through behavior modification strategies.

Maladaptive Behaviours

Refers to types of actions or tendencies that inhibit an individual's ability to adjust healthily to particular situations.

Learning Principles

Fundamental concepts underlying the process of learning, including reinforcement, punishment, and imitation.

Improved Communication

Enhanced ability to convey information and express thoughts or feelings more effectively.