The Next Questions Are Based on the Following Information

question 141

Multiple Choice

The Next Questions Are Based On The Following Information:
The state lottery office claims that the average household income of those people playing the lottery is at least $37,000.Assume that the distribution of household income of those people playing the lottery is normally distributed with a standard deviation of $5,756.Suppose that for a sample of 25 households,it is found that the average income was $36,243.
-What is the test statistic for this test?

• A)t = -0.66
• B)Z = -0.66
• C)Z = 1.92
• D)t = 1.92

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Definitions:

Full Price

Full price refers to the total, undiscounted amount charged for a product or service.

Anchor Stores

Large, prominent retailers within a shopping mall or center that attract a significant number of shoppers, serving as a foundational attraction for the center.

Regional Shopping Center

A large retail complex that provides a wide range of goods and services, typically anchored by one or more department stores and designed to serve a broad geographical area.

Nordstrom

A high-end department store chain known for its customer service and product selection.