The Owner of a Local Nightclub Has Recently Surveyed a Random

question 29

Multiple Choice

The owner of a local nightclub has recently surveyed a random sample of n = 300 customers of the club.She would now like to determine whether or not the mean age of her customers is over 35.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 35.5 years and the population standard deviation was 5 years.What is the p-value associated with the test statistic?

• A)0.9582
• B)1.7300
• C)0.0418
• D)0.0836

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Definitions:

Conglomerate Mergers

Conglomerate mergers involve companies from unrelated business activities or industries merging, often to diversify business operations and risk.

Market Share

The portion of a market controlled by a particular company or product.

Financial Results

The summary outcomes of a company's operations and activities, often presented in terms of income, revenue, profit, and loss.

Subsidiary

A company controlled by another company, often referred to as the parent company.