The owner of a large car dealership believes that the financial crisis decreased the number of customers visiting her dealership.The dealership has historically had 800 customers per day.The owner takes a sample of 100 days and finds the average number of customers visiting the dealership per day was 750.Assume that the population standard deviation is 350.At the 5% significance level,the decision is to ___________.
A) reject Ho;we can conclude that the mean number of customers visiting the dealership is significantly less than 800
B) reject Ho;we cannot conclude that the mean number of customers visiting the dealership is significantly less than 800
C) do not reject Ho;we can conclude that the mean number of customers visiting the dealership is significantly less than 800
D) do not reject Ho;we cannot conclude that the mean number of customers visiting the dealership is significantly less than 800
Correct Answer:
Verified
Q52: A university is interested in promoting graduates
Q61: A university is interested in promoting graduates
Q62: Consider the following competing hypotheses: Ho:μ =
Q63: The Boston public school district has had
Q64: The Boston public school district has had
Q65: The owner of a large car dealership
Q68: The owner of a large car dealership
Q71: To test if the mean returns on
Q79: The owner of a large car dealership
Q80: The owner of a large car dealership
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents