What conclusion is appropriate when ho cannot be rejected

Assignment Help Engineering Mathematics

Reference no: EM131456457

Question: The manager of the Danvers-Hilton Resort Hotel stated that the mean guest bill fora week-end is $600 or less. A member of the hotel's accounting staff noticed that the total charges for guest bills have been increasing in recent months. The accountant will use a sample of future weekend guest bills to test the manager's claim.

a. Which form of the hypotheses should be used to test the managers claim? Explain.

H₀: μ ≥ 600 H₀: μ ≤ 600 H₀: μ = 600

H₀: μ < 600 H₀: μ > 600 H₀: μ ≠ 600

b. What conclusion is appropriate when Ho cannot be rejected?

c. What conclusion is appropriate when Ho can be rejected?

Reference no: EM131456457

Questions Cloud

Show the actual number of miles driven for vehicles : Metropolitan Research. Inc.. a consumer research organization. conducts surveys designed to evaluate a wide variety of products and services available.

Analyze the deep underlying assumptions of your organization : How are these deep, underlying assumptions shared throughout all levels of the organization, including the executive level.

Analyze advantages and disadvantages of financial hedging : Analyze the advantages and disadvantages of financial hedging of firm's operating exposure vis-à-vis operational. Discuss costs of hedging via forward contract.

Describe an ethical situation encountered : Describe an ethical situation encountered by a leader (such as Steve Jobs) and how it was handled.

What conclusion is appropriate when ho cannot be rejected : The manager of the Danvers-Hilton Resort Hotel stated that the mean guest bill fora week-end is $600 or less. A member of the hotels.

Calculate the no-arbitrage price : Consider a U.S.-based company. Calculate the no-arbitrage price at which the U.S. Company could enter into a forward contract that expires in six months.

Briefly discuss the functions of our hips and knees : Contrast the chosen ankle motion from step two below. Determine whether this motion or activity, chosen by your peers, could lead to injury.

Hr roles and research potential job requirements : Select three of the HR roles and research potential job requirements for each. Write a 350-word job description for each HR role that you have selected.

Demonstrate the applications of the important components : Demonstrate the applications of the important components dealing with business management. explain the importance of planning, organization.

User Account

All Pages