A Coffeehouse Wishes to See If Customers Have Any Preference $\alpha = 0.01$

question 8

Multiple Choice

A coffeehouse wishes to see if customers have any preference among 5 different brands of coffee. A sample of 200 customers provided the data below. Find the rejection region used to test the claim that the probabilities show no preference. Use $\alpha = 0.01$ .
$\begin{array}{l|cllll}\text { Brand } & 1 & 2 & 3 & 4 & 5 \\\hline \text { Customers } & 32 & 65 & 18 & 55 & 30\end{array}$

• A) \(\chi ^ { 2 } > 14.860\)
• B) \(\chi ^ { 2 } > 11.143\)
• C) \(\chi ^ { 2 } > 13.277\)
• D) \(\chi ^ { 2 } > 9.488\)

Analyze sales strategies through discounting and its effect on profit.

Calculate and interpret the single equivalent discount rate of multiple discounts.

Identify and understand the legal and ethical implications of insider trading.

Recognize the roles and responsibilities of individuals in preventing and reporting insider trading.

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Definitions:

Guilds

Associations of artisans or merchants who control the practice of their craft in a particular town, historically significant for setting standards and protecting members' interests.

Unions

Organizations of workers that seek to defend and promote their members’ interests.

Agricultural Settlements

Communities primarily engaged in farming and agriculture, often located in rural areas.

Slash and Burn Agriculture

A method of agriculture where forests are cut and burned to create fields for temporary cultivation, often used in tropical environments.