The Owner of a Large Car Dealership Believes That the Financial

question 87

Multiple Choice

The owner of a large car dealership believes that the financial crisis decreased the number of customers visiting her dealership. The dealership has historically had 800 customers per day. The owner takes a sample of 100 days and finds the average number of customers visiting the dealership per day was 750. Assume that the population standard deviation is 350. At the 5% significance level, the decision is to ________.

• A) reject H₀; we can conclude that the mean number of customers visiting the dealership is significantly less than 800
• B) reject H₀; we cannot conclude that the mean number of customers visiting the dealership is significantly less than 800
• C) do not reject H₀; we can conclude that the mean number of customers visiting the dealership is significantly less than 800
• D) do not reject H₀; we cannot conclude that the mean number of customers visiting the dealership is significantly less than 800

---

Definitions:

Income Tax

A tax imposed by governments on individuals or entities based on their income or profits.

Employers Withhold

The practice by employers of deducting certain amounts from employees' wages for tax purposes before they are paid.

Tax Liability

The total amount of tax that an individual or corporation is legally obligated to pay to a taxing authority.

Employers Withhold

The practice of employers deducting a portion of employees' wages or salaries for tax purposes before issuing the net amount to the employee.