The Owner of a Local Nightclub Has Recently Surveyed a Random

question 148

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:

Accounts Receivable Turnover

A financial ratio that measures how many times a company can turn its accounts receivable into cash within a specific period.

Account Receivables Balance

The total amount of money owed to a company by its customers for goods or services delivered on credit.

Net Credit Sales

The total revenue from sales made on credit, minus returns and allowances, during a specific period.

Times Interest Earned Ratio

A financial ratio that measures a company’s ability to meet its debt obligations based on its current earnings.