A Grocery Store Has an Average Sales of $8000 Per

question 84

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 p-value is

• A) 2.000.
• B) .9772.
• C) .0228.
• D) .5475.

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Definitions:

Exchange Rate

The worth of one currency when converted into another.

Inflation Rate

The rate of increase in the general price level for goods and services, undermining consumer purchasing ability.

Net Present Value

A profitability measure for an investment that is determined by deducting the present value of cash outflows from the present value of cash inflows throughout a specific time frame.

Uncovered Interest Rate Parity

An economic theory stating that the difference in interest rates between two countries is equal to the expected change in exchange rates between their currencies, assuming no hedge against exchange rate risk.