A Local Eat-In Pizza Restaurant Wants to Investigate the Possibility $\alpha = .05$

question 88

Multiple Choice

A local eat-in pizza restaurant wants to investigate the possibility of starting to deliver pizzas. The owner of the store has determined that home delivery will be successful only if the average time
Spent on a delivery does not exceed 38 minutes. The owner has randomly selected 19 customers
And delivered pizzas to their homes in order to test whether the mean delivery time actually
Exceeds 38 minutes. Suppose the p-value for the test was found to be .0276. State the correct
Conclusion.

• A) At \(\alpha = .05\), we fail to reject \(H _ { 0 }\).
• B) At \(\alpha = .03\), we fail to reject \(H _ { 0 }\).
• C) At \(\alpha = .02\), we reject \(H _ { 0 }\).
• D) At \(\alpha = .025\), we fail to reject \(H _ { 0 }\).

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Definitions:

Amortization

The gradual reduction of a debt over a specific period of time through regular payments, or the allocation of the cost of an intangible asset over its useful life.

Coupon Rate

The annual interest rate paid by a bond issuer to its bondholders, typically expressed as a percentage of the bond's face value.

Market Rate

The prevailing interest rate available in the marketplace for securities, loans, or deposits, often determined by supply and demand forces.

Face Value

The nominal value of a security stated by the issuer, usually representing the amount to be repaid at maturity for bonds.