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

question 139

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.Calculate the appropriate test statistic to test the hypotheses.

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

---

Definitions:

Movement Analysis

The study of movement in order to identify patterns or inefficiencies for the purpose of improving performance or reducing the risk of injury.

Probabilistic Model

A statistical model that incorporates random processes, indicating the likelihood of various possible outcomes.

Movement Model

A framework in human resource management that focuses on the flow of employees within an organization, including promotions, transfers, and exits.

Matrices

Plural for matrix; refers to a rectangular array of numbers, symbols, or expressions arranged in rows and columns used in mathematics and related fields.