Exhibit 11-1.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 listed below (in dollars. )Assume that profits are normally distributed. Refer to Exhibit 11-1.What is the value of the test statistic?
A)6.146
B)8.604
C)6.652
D)7.375

Question

Exhibit 11-1.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 listed below (in dollars. )Assume that profits are normally distributed.  Refer to Exhibit 11-1.What is the value of the test statistic?
A)6.146 
B)8.604 
C)6.652 
D)7.375

Quizplus · Accepted Answer

The Answer of Exhibit 11-1.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 listed below (in dollars. )Assume that profits are normally distributed.  Refer to Exhibit 11-1.What is the value of the test statistic?
A)6.146 
B)8.604 
C)6.652 
D)7.375