A Company Advertises That Food Preparation Time Can Be Significantly

question 51

Multiple Choice

A company advertises that food preparation time can be significantly reduced with the Handy Dandy Slicer. A sample of 12 individuals prepared the ingredients for a meal with and without the slicer. You are given the preparation times (in minutes) below. ​ The p-value for this test is

• A) .3133.
• B) .2005.
• C) .3734.
• D) .8167.

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Definitions:

Earnings Per Share

A measure of a company's profitability calculated by dividing net income by the number of outstanding shares of its common stock.

Net Income

The total profit of a company after all expenses, including taxes and operating expenses, have been deducted from total revenue.

Preferred Dividends

Dividends that are paid out to preferred shareholders before any dividends are distributed to common shareholders, often at a fixed rate.

Market Price

The current price at which an asset or service can be bought or sold in a particular marketplace.