A Consumer Magazine Wants to Figure Out Which of Two

question 48

Multiple Choice

A consumer magazine wants to figure out which of two major airlines lost a higher proportion of luggage on international flights.The magazine surveyed Standard Air (population 1) and Down Under airlines (population 2) .Standard Air lost 45 out of 600 bags.Down Under airlines lost 30 of 500 bags.Does Standard Air have a higher population proportion of lost bags on international flights? Which of the following is the correct competing hypotheses?

• A) H₀: p = p₀ ,H_A: p ≠ p₀
• B) H₀: p₁- p₂ = 0,H_A: p₁-p₂ ≠ 0
• C) H₀: p₁-p₂ ≤ 0,H_A: p₁-p₂ > 0
• D) H₀: p₁-p₂ ≥ 0,H_A: p₁-p₂ < 0

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Definitions:

Inventory Collection

The process of organizing and managing products or stock that a company holds for sale to customers.

Inventory Payment

The financial transactions related to the purchasing of inventory, either on a cash or credit basis.

Cash Conversion Cycle

A measurement that gauges the duration required for a business to transform its investments in stock and other assets into cash flows from customer purchases.

Receivables Collection

The process of a business collecting payments owed by its customers for goods or services provided.