A Grocery Store Has an Average Sales of $8000 Per

question 29

Multiple Choice

A grocery store has an average sales of $8000 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 $8300 per day.From past information, it is known that the standard deviation of the population is $1200.The value of the test statistic is

• A) .25.
• B) 80.00.
• C) 8.25.
• D) 2.00.

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Definitions:

Consent Order

A consent order is a legal document, approved by a judge, that formalizes an agreement between parties in a dispute without admitting guilt or liability.

Cease-and-Desist Order

A legal order issued by a court or government agency requiring a person or entity to stop a specified activity immediately.

Executive Branch

The branch of government responsible for enacting and enforcing laws, typically headed by the president or prime minister.

Federal Trade Commission

A U.S. federal agency with the mission to protect consumers and promote competition by preventing anticompetitive, deceptive, and unfair business practices.