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

question 58

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 $\alpha$ = .10, 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:

Adjusting Entry

An accounting record made to update the value of an account to its true value and reflect expenses or revenues that have occurred but aren't yet recorded.

Account Form

A way of presenting a balance sheet where assets are on one side and liabilities and equity are on the other.

Balance Sheet

A financial statement that summarizes a company’s assets, liabilities, and shareholders’ equity at a specific point in time.

Liabilities

Financial obligations or debts that an entity owes to other parties, which must be settled over time through the transfer of economic benefits including money, goods, or services.