Focus Groups of 12 People Are Randomly Selected to Discuss

question 73

Multiple Choice

Focus groups of 12 people are randomly selected to discuss products of the Yummy Company. It is determined that the mean number (per group) who recognize the Yummy brand name is 9.4, and the standard deviation is 0.98. Would it be unusual to randomly select 12 people and find that fewer than 5 recognize the Yummy brand name?

• A)No
• B)Yes

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Definitions:

Liquidation

The winding-up process when a partnership goes out of business.

Dishonored Note

A promissory note that has not been paid at maturity or is in default.

Due

Describes obligations or payments that are scheduled to be paid or completed by a certain date.

Not Paid

Refers to invoices or debts that have not been settled or fulfilled as per their due dates.