A Researcher Was Assessing Customer Satisfaction with MakeMebeautiful, a New

question 2

Multiple Choice

A researcher was assessing customer satisfaction with MakeMebeautiful, a new beauty product. He had a sample size of 75 and a p-value of 0.10. Does the researcher recommend that the company stop promoting this product?

• A)Yes, because statistical significance has nothing to do with sample size.
• B)No, because the sample size is large and therefore the p-values are accurate.
• C)Yes, because the sample has low confidence levels.
• D)No, because the sample size is small and p-values are easily affected by sample size.

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Definitions:

Straight-Line Depreciation

A system for spreading out the cost of a tangible asset in equal yearly amounts across its functional life.

Average Rate of Return

A financial metric used to evaluate the profitability of an investment, calculated as the average annual profit divided by the initial investment cost.

Annual Income

The total earnings or revenue generated by an individual or business in one fiscal year before any deductions.

Capital Projects

Large, long-term investments undertaken to create, expand, or replace a company's physical assets.