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To Compare the Effect of Weather on Sales of Soft

question 67

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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? 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)  If α = 0.01 and the z-statistic were calculated to be -1.96, your decision would be to fail to reject 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) . i. The null hypothesis is pa - pb = 0
Ii) The alternate hypothesis is pa - pb ≠ 0
Iii) If α = 0.01 and the z-statistic were calculated to be -1.96, your decision would be to fail to reject

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Definitions:

Average Tariff

The average rate of duty or tax levied on imported goods.

Imports

Goods or services bought from foreign countries for domestic consumption or use.

Free Trade

International trade left to its natural course without tariffs, quotas, or other restrictions.

Absolute Advantage

The ability of an individual, company, or country to produce a good or service at a lower cost per unit than the cost at which any other entity can produce the same good or service.

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