Allante Pizza Delivers Pizzas Throughout Its Local Market Area at No

question 95

Multiple Choice

Allante Pizza delivers pizzas throughout its local market area at no charge to the customer.However,customers often tip the driver.The owner is interested in estimating the mean tip income per delivery.To do this,she has selected a simple random sample of 12 deliveries and has recorded the tips that were received by the drivers.These data are: Based on these sample data,what is the best point estimate to use as an estimate of the true mean tip per delivery?

• A)1.875
• B)1.811
• C)1.50
• D)1.312

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Definitions:

Coupon Bond

A type of bond that pays the holder a fixed interest rate (coupon) over its lifetime, and the principal amount is repaid at maturity.

Yield To Maturity

Yield to Maturity (YTM) is the total anticipated return on a bond if the bond is held until it matures, accounting for interest payments and principal repayment.

Par Value

Par value is the face value of a bond or the stock value stated in the corporate charter, which signifies the minimum price that the securities can be issued for.

Coupon Rate

The interest rate on a bond, expressed as a percentage of the bond's face value, paid by the bond issuer to the bondholder.