Amie Jackson,a Manager at Sigma Travel Services,makes Every Effort to Ensure

question 103

Multiple Choice

Amie Jackson,a manager at Sigma travel services,makes every effort to ensure that customers attempting to make online reservations do not have to wait too long to complete the reservation process.The travel website is open for reservations 24 hours a day,and Amie regularly checks the website for the waiting time to maintain consistency in service.She uses the following independently drawn samples of wait time during two peak hours,morning 8a.m.to 10 a.m.and evening 7p.m.to 9p.m. ,for the analysis.Assume that wait times are normally distributed. Which of the following is the correct approximation of the p-value?

• A) p-value is greater than 0.1.
• B) p-value lies between 0.025 and 0.05.
• C) p-value lies between 0.05 and 0.10.
• D) p-value is greater than 0.2.

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Definitions:

Shirt

A shirt is a piece of clothing for the upper body, usually with sleeves and a collar.

Normal Good

A good for which demand increases as the consumer's income rises and decreases as the consumer's income falls.

Giffen Good

A product that people consume more of as the price rises and vice versa, violating the basic law of demand in economics.

Equally Happy

A state or condition where individuals have the same level of happiness or satisfaction, often considered in discussions of equity and fairness.