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Formulate the indicated conclusion in nontechnical terms. Be sure to address the original claim.
-A skeptical paranormal researcher claims that the proportion of Americans that have seen a UFO, p, is less than 2 in every ten thousand. Assuming that a hypothesis test of the claim has been conducted and that the conclusion is failure to reject the null hypothesis, state the conclusion in nontechnical terms.
Net Sales
This refers to the total revenue from sales minus returns, allowances for damaged or missing goods, and discounts.
Contribution Margin Ratio
The percentage of each sales dollar that is available to cover the fixed costs and provide an operating income.
Variable Costs
Costs that change in proportion to the level of activity or volume of goods produced in a business.
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