Waiters at Finegold's Restaurant and Lounge Earn Most of Their

question 13

Multiple Choice

Waiters at Finegold's Restaurant and Lounge earn most of their income from tips.Each waiter is required to "tip-out" a portion of tips to the table bussers and hostesses.The manager has based the "tip-out" rate on the assumption that the mean tip is at least 15% of the customer bill.To make sure that this is the correct assumption,he has decided to conduct a test by randomly sampling 60 bills and recording the actual tips. State the appropriate null and alternative hypotheses.

• A)H₀ : μ ≥ 15 H_a : μ < 15
• B)H₀ : μ ≤ 15 H_a : μ > 15
• C)H₀ : μ ≥ 9 H_a : μ < 9
• D)H₀ : μ ≤ 9 H_a : μ > 9

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Definitions:

Screening

The process of evaluating or analyzing information to separate out important or relevant data from that which is irrelevant or not pertinent.

Product Development

The process of bringing a new product or service to market, from idea generation to design, manufacturing, and launch.

Commercialization

The process of taking a new product or service to the market, introducing it to consumers, and making it available for purchase.

Test Marketing

The process of launching a new product or service to a limited geographical area to gauge its viability before a full-scale launch.