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

question 53

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.Using the critical value approach at α = 0.05,which of the following is the correct conclusion for Becky's concern?

• A) We reject H₀becausethe value of the test statistic is greater than .
• B) We do not reject H₀ becausethe value of the test statistic is greater than .
• C) We reject H₀becausethe value of the test statistic is less than
• D) We do not reject H0becausethe value of the test statistic is less than

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Definitions:

Interactional Fairness

Fairness that occurs when people feel they have received respectful and informative communication about an outcome.

Communication

Communication is the process of exchanging information, ideas, or feelings between individuals or groups, using various mediums like speech, writing, or gestures.

Outcome

The result or consequence of an action, decision, or process, often measured to determine success or failure.

Organizational Citizenship Behaviour

Refers to voluntary actions of employees that are not part of their formal job responsibilities but contribute to the effective functioning of the organization.