In the Past, the Average Waiting Time Per Customer at a Fast

question 24

Multiple Choice

In the past, the average waiting time per customer at a fast food restaurant has been 7.5 minutes. The customer waiting time has a normal distribution. The manager claims that the use of a new cashier system will decrease the average customer waiting time in the store. A random sample of 16 customer transactions produces a mean waiting time of 6.3 minutes and a standard deviation of 2 minutes.

-What is the value of the appropriate test statistic?

• A)t = -1.2
• B)t = 2.4
• C)t = -2.4
• D)t = -0.6
• E)t = 9.6

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Definitions:

Chart of Accounts

An organized list of all the accounts in a company's general ledger, used for recording and reporting financial transactions.

Journal

A detailed record where all financial transactions of a business are initially recorded before being transferred to accounts in the ledger.

Accounts Payable

Liabilities representing amounts owed to suppliers or creditors for goods and services received that are not yet paid.

Paid to You

This term generally refers to any payment made directly to an individual, often in the context of salaries, dividends, or other forms of income.