An Entrepreneur Is Considering the Purchase of a Coin-Operated Laundry

question 47

Multiple Choice

An entrepreneur is considering the purchase of a coin-operated laundry.The current owner claims
That over the past 5 years, the mean daily revenue was $675 with a population standard deviation
Of $75.A sample of 30 days reveals a daily mean revenue of $625.If you were to test the null
Hypothesis that the daily mean revenue was $675 and decide not to reject the null hypothesis,
What can you conclude?

• A) There is not enough evidence to conclude that the daily mean revenue was $675.
• B) There is not enough evidence to conclude that the daily mean revenue was not $675.
• C) There is enough evidence to conclude that the daily mean revenue was $675.
• D) There is enough evidence to conclude that the daily mean revenue was not $675.

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Definitions:

Moro Reflex

An involuntary reflex found in newborns, which is triggered by a sudden loss of support or loud sound, causing the baby to fling arms out sideways and then quickly pull them back.

Home Births

The practice of giving birth in a non-hospital setting, usually at one's own home, often with the assistance of a midwife or doula.

Netherlands

A country in Northwestern Europe known for its flat landscape, canals, tulip fields, windmills, and cycling routes.