A Grocery Store Owner Claims That the Mean Amount Spent $\$ 73$

question 25

Multiple Choice

A grocery store owner claims that the mean amount spent per checkout is more than $\$ 73$ . A test is made of $H _ { 0 } : \mu = 73$ versus $H _ { 1 } : \mu > 73$ . The null hypothesis is not rejected. State the appropriate conclusion.

• A) The mean checkout amount is greater than $73.
• B) The mean checkout amount is less than or equal to $73.
• C) There is not enough evidence to conclude that the mean checkout price is less than or equal to $73.
• D) There is not enough evidence to conclude that the mean checkout price is greater than $73.

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Definitions:

Fee Schedule

A list of the costs of common services and procedures performed by a physician.

Usual Fees

The standard charges or rates typically applied by professionals, such as doctors or lawyers, for their services.

Third-party Payer

A third-party payer is an entity (usually an insurance company or government agency) that pays medical bills on behalf of the insured individual.

Uncovered Expenses

Costs that are not reimbursed by insurance or other forms of healthcare coverage, often leading to out-of-pocket expenses for patients.