A Grocery Store Has an Average Sales of $8000 Per

question 16

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 correct null hypothesis for this problem is

• A) μ < 8000.
• B) μ ≤ 8300.
• C) μ = 8000.
• D) μ > 8300.

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Definitions:

Crisis Management

The identification of threats to an organization and its stakeholders, along with methods for dealing with those threats efficiently.

Organizational Crisis

A significant threat to an organization that requires immediate action to preserve its reputation, financial stability, or existence.

Cause And Effect

The relationship between events or things, where one is the result of the other or others, often used as a method to identify reasons behind specific outcomes.

Process Audits

Evaluations that focus on the efficiency and effectiveness of processes within an organization, aiming to identify areas for improvement.