Becky Owns a Diner and Is Concerned About Sustaining the Business.She

question 9

Multiple Choice

Becky owns a diner and is concerned about sustaining the business.She wants to ascertain if the standard deviation of the profits for each week is greater than $250.The details of the profits for the week are (in dollars) 1,743 1,438 1,212 1,705 1,985 1,857 1,916
Assume that profits are normally distributed.Which of the following are an appropriate hypotheses to test Becky's concern?

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Definitions:

Frustrations

Feelings of dissatisfaction or annoyance arising from obstacles hindering the achievement of a goal or desire.

Planning Fallacy

The tendency to underestimate the time, costs, and risks of future actions, while overestimating the benefits, leading to overly optimistic project timelines and outcomes.

Hierarchy Of Goals

A system of organizing objectives that range from high-level, long-term goals to lower-level, short-term actions, enabling structured pursuit of ambitions.

Distal Goals

Long-term objectives or aims that are not immediately achievable, requiring extended effort and planning.