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 100 days of sales was selected. It was found that the average was $8200 per day. From past information, it is known that the standard deviation of the population is $1500. The value of the test statistic is

• A) .013.
• B) .133.
• C) 13.33.
• D) 1.33.

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Definitions:

Auction Market

A marketplace in which buyers and sellers express their prices through bids and offers, and transactions occur at prices where supply and demand meet.

OTC Market

Over-the-counter market, a decentralized market where securities not listed on major exchanges are traded directly between parties.

Dealer Market

A financial market mechanism wherein buyers and sellers of securities conduct transactions through dealers who buy and sell for their own account.

Primary Market

The segment of the capital market where new securities are issued and sold to initial buyers, typically involving underwriting processes.