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:

Communist Party

A political party that advocates for the principles of communism, aiming for a classless society and the ownership of the means of production by the community as a whole.

Bolsheviks

A faction of the Russian socialist movement that led the October Revolution in 1917, establishing the Soviet government.

Mensheviks

A faction within the Russian socialist movement that emerged from the Russian Social Democratic Labour Party, opposing the Bolsheviks and favoring a democratic approach to socialism.