29. A restaurant chain has twdYocations in a medium-sized town and, believing that it oversaturated the market for Its food, is considering dosing one of the restaurants. manager of the restaurant with a downtown location claims that his restaurant genera more revenue than the sister restaurant by the freeway. The CEO of this company, wish to test this claim, randomly selects 36 monthly revenue totals for each restaurant. The rever data from the downtown restaurant have a mean of $360,0000 and a standard deviation $50,000, while the data from the restaurant by the freeway have a mean of $340,000 ar standard deviation of $40,000. Assume there is no reason to believe the population stand deviations are equal, and let A and 2 denote the mean monthly revenue of the downt restaurant and the restaurant by the freeway, respectively. Which of the following is appropriate critical value(s) to test the manager's claim at the 5%significance level? A. 1.645 В. 1.960 C. 1.997 D. 1.668

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29. A restaurant chain has twdlocations in a medium-sized town and, believing that it has
oversaturated the market for Its food, is consldering dosing one of the restaurants. The
manager of the restaurant with a downtown location claims that his restaurant generates
more revenue than the sister restaurant by the freeway. The CEO of this company, wishing
to test this claim, randomly selects 36 monthly revenue totals for each restaurant. The revenue
data from the downtown restaurant have a mean of $360,000 and a standard deviation of
$50,000, while the data from the restaurant by the freeway have a mean of $340,000 and a
standard deviation of $40,000. Assume there is no reason to believe the population standard
deviations are equal, and let y and p denote the mean monthly revenue of the downtown
restaurant and the restaurant by the freeway, respectively. Which of the following is the
appropriate critical value(s) to test the manager's claim at the 5%significance level?
A. 1,645
B. 1.960
C. 1.997
D. 1.668
30. In August 2010, Massachusetts enacted a 150-day right-to-cure period that mandates that
lenders give homeowners who fall behind on their mortgage an extra five months to become
current before beginning foreclosure proceedings. Policymakers claimed that the policy would
result in a higher proportion of delinquent borrowers becoming current on their mortgages.
To test this claim, researchers took a sample of 244 homeowners in danger of foreclosure in
the time period surrounding the enactment of this law. Of the 100 who fell behind just before
the law was enacted, 30 were able to avoid foredosure, and of 144 who fell behind just after
the law was enacted, 48 were able to avoid foreclosure, Let p, and p2 represent the proportion
of delinquent borrowers who avoid foredosure just before and just after the right-to-cure law
is enacted, respectively. Which of the following is the appropriate p-value to verify the daim?
A. 0.2915
B. 0.5570
C. 0.5832
D. 0,7084
Transcribed Image Text:29. A restaurant chain has twdlocations in a medium-sized town and, believing that it has oversaturated the market for Its food, is consldering dosing one of the restaurants. The manager of the restaurant with a downtown location claims that his restaurant generates more revenue than the sister restaurant by the freeway. The CEO of this company, wishing to test this claim, randomly selects 36 monthly revenue totals for each restaurant. The revenue data from the downtown restaurant have a mean of $360,000 and a standard deviation of $50,000, while the data from the restaurant by the freeway have a mean of $340,000 and a standard deviation of $40,000. Assume there is no reason to believe the population standard deviations are equal, and let y and p denote the mean monthly revenue of the downtown restaurant and the restaurant by the freeway, respectively. Which of the following is the appropriate critical value(s) to test the manager's claim at the 5%significance level? A. 1,645 B. 1.960 C. 1.997 D. 1.668 30. In August 2010, Massachusetts enacted a 150-day right-to-cure period that mandates that lenders give homeowners who fall behind on their mortgage an extra five months to become current before beginning foreclosure proceedings. Policymakers claimed that the policy would result in a higher proportion of delinquent borrowers becoming current on their mortgages. To test this claim, researchers took a sample of 244 homeowners in danger of foreclosure in the time period surrounding the enactment of this law. Of the 100 who fell behind just before the law was enacted, 30 were able to avoid foredosure, and of 144 who fell behind just after the law was enacted, 48 were able to avoid foreclosure, Let p, and p2 represent the proportion of delinquent borrowers who avoid foredosure just before and just after the right-to-cure law is enacted, respectively. Which of the following is the appropriate p-value to verify the daim? A. 0.2915 B. 0.5570 C. 0.5832 D. 0,7084
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