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

question 148

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 p-value is

• A)2.00
• B)0.9772
• C)0.0228
• D)0.5475

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Definitions:

Property Taxes

Taxes levied by local governments based on the assessed value of land and property owned.

Economic Recovery

The phase of economic improvement following a recession or downturn, characterized by increases in employment, consumer spending, and overall economic growth.

Balance Budgets

Financial planning or policy aimed at ensuring that revenue equals or exceeds expenses, to avoid deficits and maintain fiscal health.