The Owner of a Local Nightclub Has Recently Surveyed a Random

question 8

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.Suppose she found that the sample mean was 30.45 years and the sample standard deviation was 5 years.What is the p-value associated with the test statistic?

• A)0.3577
• B)0.1423
• C)0.0780
• D)0.02

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Definitions:

Yield To Maturity

Yield to Maturity (YTM) is the total anticipated return on a bond if the bond is held until it matures, accounting for interest payments and principal repayment.

Par Value

Par value is the face value of a bond or the stock value stated in the corporate charter, which signifies the minimum price that the securities can be issued for.

Coupon Rate

The interest rate on a bond, expressed as a percentage of the bond's face value, paid by the bond issuer to the bondholder.

Current Yield

A bond’s annual coupon payment divided by its price. Differs from yield to maturity.