SCENARIO 10-9 The Following EXCEL Output Contains the Results of a Test

question 195

Multiple Choice

SCENARIO 10-9
The following EXCEL output contains the results of a test to determine whether the proportions of satisfied customers at two resorts are the same or different.

Two-Sample Tests 10-31
-Referring to Scenario 10-9,allowing for 1% probability of committing a Type I error,what are the decision and conclusion on testing whether there is any difference in the proportions of satisfied customers in the two resorts?

• A)Do not reject the null hypothesis;there is enough evidence to conclude that there is significant difference in the proportions of satisfied guests at the two resorts.
• B)Do not reject the null hypothesis;there is not enough evidence to conclude that there is significant difference in the proportions of satisfied guests at the two resorts.
• C)Reject the null hypothesis;there is enough evidence to conclude that there is a significant difference in the proportions of satisfied guests at the two resorts.
• D)Reject the null hypothesis;there is not enough evidence to conclude that there is significant difference in the proportions of satisfied guests at the two resorts.

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Definitions:

Net Operating

Refers to the profit a company makes from its usual business operations, before taxes and interest, indicating the financial health of the company's core activities.

Short-term Rates

Interest rates applying to loans or debt instruments with maturities typically less than one year; often influences other rates in the economy.

Inventory Conversion Period

The average length of time to convert materials into finished goods and then to sell them; calculated by dividing total inventory by sales per day.

Operating Cycle

The Operating Cycle is the period of time it takes for a business to purchase inventory, sell products, and convert the sales into cash, reflecting the efficiency with which a company manages its core operations.