A Restaurant That Bills Its House Account Monthly Is Concerned

question 94

Multiple Choice

A restaurant that bills its house account monthly is concerned that the average monthly bill exceeds $200 per account. A random sample of twelve accounts is selected, resulting in a sample mean of
$220 and a standard deviation of $12. The t-test is to be conducted at the 5% level of significance.

• A) The null hypothesis is μ ≤ 200. The alternate hypothesis is μ ≤ 200.
• B) The null hypothesis is μ ≤ 200. The alternate hypothesis is μ > 200.
• C) The null hypothesis is μ = 200. The alternate hypothesis is μ ≠ 200.
• D) The null hypothesis is μ > 200. The alternate hypothesis is μ ≤ 200
• E) The null hypothesis is μ ≤ 220. The alternate hypothesis is μ > 220.

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Definitions:

Adaptive Organisation

An organization capable of adjusting its strategies, structures, and processes in response to changing internal and external environments to remain viable and competitive.

High-quality Goods

Products that meet or exceed customer expectations in terms of performance, durability, and reliability, often as a result of superior materials, craftsmanship, and quality control processes.

Strategic Management Process

The Strategic Management Process is a continuous cycle of planning, monitoring, analysis, and assessment of all that is necessary for an organization to meet its goals and objectives.