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

question 149

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 appropriate test statistic to test the hypotheses is _____.

• A)-2.00
• B)-2.50
• C)12.50
• D)2.50
• E)2.00

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Definitions:

Dual-Sex Principle

The concept that societies recognize and incorporate both masculine and feminine perspectives and roles, acknowledging the importance and balance of both genders in cultural and social practices.

Political And Religious Leaders

Individuals who hold positions of power and authority in political and religious institutions, guiding and influencing policies, beliefs, and practices.

Masculine and Feminine Side

Refers to the traditional qualities or attributes thought to be characteristic of men (masculine) and women (feminine), including behavioral, cultural, or psychological traits.

Agricultural Tribes

Indigenous groups whose economy and culture were heavily centered around farming and cultivation practices.