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.

---

Definitions:

Organizational Culture

The collective values, beliefs, and standards that affect how employees perceive, feel, and act within a company.

Pyroclastic Flow

A fast-moving current of hot gas and volcanic materials that flows down the slopes of a volcano during an explosive eruption.

Eruption Column

A cloud of hot volcanic ash and gas ejected into the atmosphere during an explosive volcanic eruption.

Viscous Lava

Lava that is thick and slow-moving due to its high silica content.