The Manager of a Local Specialty Store Is Concerned with a Possible

question 34

Multiple Choice

The manager of a local specialty store is concerned with a possible slowdown in payments by her customers. She measures the rate of payment in terms of the average number of days receivables are outstanding. Generally, the store has maintained an average of 50 days with a standard deviation of 10 days. A random sample of 25 accounts gives an average of 54 days outstanding with a standard deviation of 8 days. Assume the number of days is approximately normally distributed.
-The null and alternative hypotheses needed to show that there has been a slowdown in payments by the company's customers is _____.

• A)H₀: ? = 50 vs.H_a: ? ? 50
• B)H₀: ? ? 54 vs.H_a: ? < 54
• C)H₀: ? ? 50 vs.H_a: ? < 50
• D)H₀: ? ? 50 vs.H_a: ? = 50
• E)H₀: ? ? 50 vs.H_a: ? > 50

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Definitions:

Leadership Efforts

Actions or initiatives taken by individuals in leadership positions to guide, direct, or influence others towards achieving group or organizational goals.

Team Members

Individuals who are part of a group collaboratively working towards a common goal or project.

Group Norms

Shared guidelines or rules of behavior that are expected and followed by members of a group or team.

Task Force

A temporary group of people formed to accomplish a specific goal, often used to address complex or urgent issues within organizations.