Exhibit 9-9 the Sales of a Grocery Store Had an Average of Average

question 113

Multiple Choice

Exhibit 9-9
The sales of a grocery store had an average of $8,000 per day. The store introduced several advertising campaigns in order to increase sales. To determine whether or not the advertising campaigns have been effective in increasing sales, a sample of 64 days of sales was selected. It was found that the average was $8,300 per day. From past information, it is known that the standard deviation of the population is $1,200.
-Refer to Exhibit 9-9. The value of the test statistic is

• A)250
• B)8000
• C)8250
• D)2.0

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Definitions:

Governing Document

A formal record that establishes the rules, regulations, or principles by which an organization or entity is governed.

Certificate of Authority

A document issued by a state government granting a company permission to do business in that state as a foreign (out-of-state) entity.

Charter

A charter is a legal document that establishes a corporation or municipality, outlining its rights, privileges, and operations.

Promoters of a Corporation

Individuals or entities involved in the creation and organization of a corporation, including raising capital and completing legal formalities before registration.