A Fast-Food Franchise Is Considering Building a Restaurant at a Busy

question 3

Multiple Choice

A fast-food franchise is considering building a restaurant at a busy intersection.A financial advisor determines that the site is acceptable only if,on average,more than 300 automobiles pass the location per hour.If the advisor tests the hypotheses versus ,µ stands for ____________.

• A)The average number of automobiles that pass the intersection per hour
• B)The number of automobiles that pass the intersection per hour
• C)The proportion of automobiles that pass the intersection per hour
• D)The standard deviation of the number of automobiles that pass the intersection per hour

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Definitions:

Bond Prices

are the market value of bonds, which inversely correlate with interest rates; when rates go up, bond prices typically go down, and vice versa.

Interest Rates

The proportion of a total amount of money that is levied for its utilization, typically stated on a yearly basis.

Money Supply

The absolute total of money-related assets within an economy at a particular time.

Depository Institutions

Financial institutions that accept deposits from the public and offer lending and other financial services.