A Recent Survey Indicated That the Average Amount Spent for Breakfast

question 50

Multiple Choice

A recent survey indicated that the average amount spent for breakfast by business managers was $7.58 with a standard deviation of $0.42. It was felt that breakfasts on the
West Coast were higher than $7.58. A sample of 81 business managers on the West
Coast had an average breakfast cost of $7.65. Find the P-value for the test.

• A) 0.0668
• B) 0.1325
• C) 0.2734
• D) 0.4332

---

Definitions:

Exchange Rate

The price of one country's currency expressed in terms of another country's currency, used for foreign exchange transactions.

Canadian Firm

A business or company that is registered, operates, or is headquartered in Canada.

Subsidiary

A company that is controlled by another company, known as the parent company, often through a majority share of its stocks.

Exchange Rate

The price of one country’s currency in terms of another currency.