To Compare the Effect of Weather on Sales of Soft

question 35

Multiple Choice

To compare the effect of weather on sales of soft drinks, a soda manufacturer sampled two regions of the country with the following results. Is there a difference in sales between the 2 regions? i. The null hypothesis is pa - pb = 0 ii. The alternate hypothesis is pa - pb > 0
Iii) The z-statistic is 3.57.

• A) (i), (ii) and (iii) are all correct statements
• B) (i) and (ii) are correct statements, but not (iii).
• C) (i) and (iii) are correct statements but not (ii).
• D) (ii) and (iii) are correct statements but not (i).
• E) (ii) is a correct statement, but not (i) and (iii).

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Definitions:

Product XXX

Suggests a placeholder name for a product, often used when the specific product name is not disclosed or relevant.

Units

A measurement or quantity, especially in the context of production, sales, or accounting, representing a standard or specific amount of a product or service.

Sales Estimates

Forecasts of the quantity of a product or service a business expects to sell in a certain period, which is crucial for financial planning and inventory management.

Production Estimates

Projections or forecasts of the volume or quantity of goods that a company plans to manufacture in a given period.