Amie Jackson, a Manager at Sigma Travel Services, Makes Every

question 112

Multiple Choice

Amie Jackson, a manager at Sigma travel services, makes every effort to ensure that customers attempting to make online reservations do not have to wait too long to complete the reservation process. The travel website is open for reservations 24 hours a day, and Amie regularly checks the website for the waiting time to maintain consistency in service. She uses the following independently drawn samples of wait time during two peak hours, morning 8 a.m. to 10 a.m. and evening 7 p.m. to 9 p.m., for the analysis. Assume that wait times are normally distributed. Which of the following is the correct approximation of the p-value?

• A) p-value is greater than 0.1.
• B) p-value lies between 0.025 and 0.05.
• C) p-value lies between 0.05 and 0.10.
• D) p-value is greater than 0.2.

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Definitions:

Consolidation Method

An accounting method used when a parent company includes the financials of its subsidiary into its own financial statements.

Unrealized Profits

Profits that have been earned on paper through an investment's increased value but have not yet been realized through a sale.

After-Tax Dollar Value

The net value of an investment or income after all applicable taxes have been subtracted.

Tax Rate

The percentage at which an individual or corporation is taxed by the government on income or profits.