The Owner of a Local Nightclub Has Recently Surveyed a Random

question 8

Multiple Choice

The owner of a local nightclub has recently surveyed a random sample of n = 250 customers of the club.She would now like to determine whether or not the mean age of her customers is greater than 30.If so,she plans to alter the entertainment to appeal to an older crowd.If not,no entertainment changes will be made.Suppose she found that the sample mean was 30.45 years and the sample standard deviation was 5 years.What is the p-value associated with the test statistic?

• A)0.3577
• B)0.1423
• C)0.0780
• D)0.02

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Definitions:

Secondary Market

A market where investors buy and sell securities or assets from other investors, rather than from the issuing entities.

Borrower's Ability

The capacity of an individual or organization to repay borrowed funds.

Loan Applications

The process by which an individual, business, or organization requests to borrow money from a financial institution.

Initial Public Offering

The first time a company offers its shares to the public for purchase, marking a private company's transition to a public company.