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:

Secondary Effects

The indirect impact of an event or policy that may not be easily and immediately observable. In the area of policy, these effects are often both unintended and overlooked.

Future Crises

Potential, unforeseen events that could lead to severe economic, social, or environmental problems.

Low-Interest Rate Policy

A monetary policy strategy used by central banks to maintain low borrowing costs to stimulate economic growth.

Housing Prices

The cost to purchase a residential property, which fluctuates based on demand, location, and economic conditions.