To Compare the Effect of Weather on Sales of Soft

question 86

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 alternate hypothesis is pa - pb ≠ 0
Ii) Using the 1% level of significance, the critical value is ±2.58.
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).

---

Definitions:

Countercyclical Payments

Government payments in the agricultural sector that increase when market prices are low and decrease when market prices are high, intended to stabilize farmers' incomes.

Agricultural Risk Coverage

A policy program in the United States providing income support to farmers against lower revenue from drops in market prices or yields.

Economic Effects

The impact of economic activities and policies on the overall condition of the economy, including effects on growth, inflation, and employment.

Government Price Supports

Programs or policies implemented by a government to maintain the market price of a good or service at a certain level.