Many Franchisers Favor Owners Who Operate Multiple Stores by Providing

question 141

Multiple Choice

Many franchisers favor owners who operate multiple stores by providing them with preferential treatment. Suppose the Small Business Administration would like to perform a hypothesis test to investigate if 80% of franchisees own only one location using α = 0.05. A random sample of 120 franchisees found that 85 owned only one store. The p- value for this hypothesis test would be------ .

• A)0.0118
• B)0.0759
• C)0.1236
• D)0.0320

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Definitions:

International Trade Partner

A country or entity with which another country exchanges goods and services across international borders.

Currency Imbalances

Situations arising from disproportionate levels of supply and demand in different countries, leading to destabilizing fluctuations in exchange rates.

World Trade Flows

The movement or exchange of goods, services, and capital across international borders, influenced by global supply and demand dynamics.

Interdependencies

Mutual reliance between two or more entities, where each depends on the others for success or functionality.