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  3. 2.the manager of a small convenience store does no

2.The manager of a small convenience store does not want her customers standing in line...

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Finance

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2.The manager of a small convenience store does not want her customers standing in line for too long prior to a purchase In particular, she is willing to hire an employee for another cash register if the average wait time of the customers is more than five minutes. She randomly observes the wait time in minutes of customers during the day as: 3.5, 5.8, 7.2, 1.9, 6.8, 8.1, 5.4 a. set up the null and the alternative hypotheses to determine if the manager needs to hire another employee. b. Calculate the value of the test statistic. What assumption regarding the population is necessary to implement this step? Question 1 1.25 pts You deposited $1,000 in a bank that gives 24% annually. If the bank compounds the interest rate monthly, the future value of the amount deposited will be in the 4th year would be $989.60 $2,364.21 $2.587.07 $2,612.23 Question 2 Interest rate and present value are Positively related Not related a and b Inversely related

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