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

question 39

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, which test would you use?

• A) Z-test of a population mean
• B) Z-test of a population proportion
• C) t-test of population mean
• D) t-test of a population proportion

---

Definitions:

Profits and Losses

Refers to the financial gains and expenses incurred by a business, showing whether it has made a profit or suffered a loss over a particular period.

Capital Account Balances

The amounts in the accounts of partners or shareholders representing their contributions plus their share of net income or minus their share of losses.

Predistribution Plan

A strategic plan detailing how assets or profits will be allocated or distributed before the actual distribution takes place.

Profits and Losses

The financial gains or losses resulting from business operations after accounting for revenues and expenses.