Waiters at Finegold's Restaurant and Lounge earn most of their income from tips.Each waiter is required to "tip-out" a portion of tips to the table bussers and hostesses.The manager has based the "tip-out" rate on the assumption that the mean tip is at least 15% of the customer bill.To make sure that this is the correct assumption,he has decided to conduct a test by randomly sampling 60 bills and recording the actual tips. State the appropriate null and alternative hypotheses.
A) H0 : μ ≥ 15 Ha : μ < 15
B) H0 : μ ≤ 15 Ha : μ > 15
C) H0 : μ ≥ 9 Ha : μ < 9
D) H0 : μ ≤ 9 Ha : μ > 9
Correct Answer:
Verified
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