Business
Business, 18.12.2021 05:10, aariannahnorwoo

A new fast food restaurant wants to start deliver food. The owner of the store has determined that home delivery will be successful if the average time spent on the deliveries does not exceed 24 minutes. The owner has randomly selected 32 customers and has delivered food to their homes. The mean delivery time for the sample is 26 minutes with standard deviation of 5.8 minutes. Test if the mean delivery time actually exceeds 24 minutes. 1. Give the null and alternative hypotheses to determine if the mean delivery time actually exceeds 24 minutes. (a.) H0:μ=24 and HA:μ>24 (b.) H0:μ=24 and HA:μ<24 (c.) H0:xˉ=24 and HA:xˉ>24 (d.) H0:xˉ=24 and HA:xˉ<24.

2. Calculate the test statistics. (a.) z=1.95 (b.) z=−1.95 (c.) t=1.95 (d.) t=−1.95

3. P-value for this test is. (a.) 0.0602 (b.) 0.0301 (c.) 0.9699 (d.) 0.0050

4. At α=0.05, which of the following conclusion is correct? (a.) At α=0.05, there is no sufficient evidence to conclude that the mean delivery time exceed 24 minutes. (b.) At α=0.05, there is sufficient evidence to conclude the mean delivery time exceeds 24 minutes. (c.) At α=0.05, there is sufficient evidence to conclude the mean delivery time less 24 minutes. (d.) At α=0.05, there is sufficient evidence to conclude that the mean delivery time is 24 minutes

answer
Answers: 1

Other questions on the subject: Business

image
Business, 21.06.2019 21:00, erikstein8298
Exercise 8-6 goods in transit [lo8-2] the kwok company's inventory balance on december 31, 2016, was $190,000 (based on a 12/31/16 physical count) before considering the following transactions: 1. goods shipped to kwok f. o.b. destination on december 20, 2016, were received on january 4, 2017. the invoice cost was $35,000. 2. goods shipped to kwok f. o.b. shipping point on december 28, 2016, were received on january 5, 2017. the invoice cost was $22,000. 3. goods shipped from kwok to a customer f. o.b. destination on december 27, 2016, were received by the customer on january 3, 2017. the sales price was $45,000 and the merchandise cost $27,000. 4. goods shipped from kwok to a customer f. o.b. destination on december 26, 2016, were received by the customer on december 30, 2016. the sales price was $25,000 and the merchandise cost $18,000. 5. goods shipped from kwok to a customer f. o.b. shipping point on december 28, 2016, were received by the customer on january 4, 2017. the sales price was $30,000 and the merchandise cost $17,000. required: determine the correct inventory amount to be reported in kwok's 2016 balance sheet.
Answers: 1
image
Business, 22.06.2019 11:40, sabrinabowers4308
Vendors provide restaurants with what? o a. cooked items ob. raw materials oc. furniture od. menu recipes
Answers: 1
image
Business, 22.06.2019 15:00, cheyfaye4173
Oerstman, inc. uses a standard costing system and develops its overhead rates from the current annual budget. the budget is based on an expected annual output of 120,000 units requiring 480,000 direct labor hours.(practical capacity is 500,000 hours)annual budgeted overhead costs total $772,800, of which $556,800 is fixed overhead. a total of 119,300 units, using 478,000 direct labor hours, were produced during the year. actual variable overhead costs for the year were $260,400 and actual fixed overhead costs were $555,450.required: 1. compute the fixed overhead spending variance and indicate if favorable or unfavorable.2. compute the fixed overhead volume variance and indicate if favorable or unfavorable.
Answers: 3
image
Business, 22.06.2019 15:30, TerronRice
In 2015, lori assigned a paid-up whole life insurance policy to an irrevocable life insurance trust (ilit) for the benefit of her three children. the ilit contained a crummey provision for the benefit of each child. at the time of the transfer, the whole life insurance policy was valued at $200,000, and since lori had not made any other taxable gifts during her lifetime, she did not owe any gift tax. lori died in 2016, and the face value of the whole life insurance policy of $2,000,000 was paid to the ilit. regarding this transfer, how much is included in lori’s gross estate at her death?
Answers: 1
Do you know the correct answer?
A new fast food restaurant wants to start deliver food. The owner of the store has determined that h...

Questions in other subjects:

Konu
Mathematics, 17.11.2020 03:40
Konu
Mathematics, 17.11.2020 03:40
Konu
Mathematics, 17.11.2020 03:40
Konu
English, 17.11.2020 03:40
Konu
Mathematics, 17.11.2020 03:40