The Owner of a Local Nightclub Has Recently Surveyed a Random

question 18

Short Answer

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 $t > 2.5758$ . .

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Definitions:

Residual Value

The estimated value that an asset will realize upon its disposal at the end of its useful life.

Depreciation Adjustment

A financial accounting process that allocates the cost of a tangible asset over its useful life to account for the decline in its value.

Assets

Resources owned by a company deemed to have economic value and are expected to provide future benefits to the operations of the company.