The Owner of a Local Karaoke Bar Has Recently Surveyed

question 40

Multiple Choice

The owner of a local Karaoke Bar has recently surveyed a random sample of n = 300 customers of the bar. 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. If she wants to be 99% confident in her decision, what rejection region she use if the population standard deviation s is known?

• A)Reject H ₀ if z - 2.33
• B)Reject H ₀ if z - 2.58
• C)Reject H ₀ if z > 2.33
• D)Reject H ₀ if z > 2.58

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Definitions:

Provision

A provision is an amount set aside in the financial statements to cover a future liability or loss.

Dollar Amount

A specific quantity of money expressed in the currency of the United States, represented by the dollar symbol ($).

IFRS

International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) that is becoming the global standard for the preparation of public company financial statements.

U.S. GAAP

United States Generally Accepted Accounting Principles, the standard framework of guidelines for financial accounting used in the U.S.