A Suburban Realtor Is Studying Commuter Time in the Houston $\alpha$

question 22

Multiple Choice

A suburban realtor is studying commuter time in the Houston metropolitan area.She has been told the average weekday travel time from a southern suburb at 8:00am is 45 minutes.For five months she counts the number of days that it takes her more than 45 minutes to arrive in downtown when she leaves her house at 8:00am.She expects the data are uniformly distributed across the five months.Her sample of observed data yields the following frequencies 9 days, 15 days, 8 days, 11 days, 12 days.Using $\alpha$ = .01, the appropriate decision is _______.

• A)do not reject the null hypothesis that the observed distribution is uniform
• B)do not reject the null hypothesis that the observed distribution is not uniform
• C)reject the null hypothesis that the observed distribution is uniform
• D)reject the null hypothesis that the observed distribution is not uniform
• E)do nothing

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Definitions:

Capital

Financial assets or the financial value of assets, such as cash, that can be used by a company to fund its operations and investments.

New Bonds

New bonds refer to debt securities that have been recently issued by a corporate or governmental entity to raise capital for various purposes.

Par Value

Par value refers to the nominal or face value of a bond, stock, or other financial instrument, indicating the amount that must be repaid at maturity.

Interest Rates

The cost of borrowing money or the return on invested capital, typically expressed as a percentage of the principal amount annually.