A Salesman Boasts to a Farmer That His New Fertilizer

question 93

Multiple Choice

A salesman boasts to a farmer that his new fertilizer will increase the yield of the farmerʹs crops by 15%. Thefarmer wishes to test the effects of the new fertilizer on her corn yield. She has four equal sized plots of land-one with sandy soil, one with rocky soil, one with clay-rich soil, and one with average soil. She divides eachof the four plots into three equal sized portions and randomly labels them A, B and C. The four A portions aretreated with her old fertilizer. The four B portions are treated with the new fertilizer. The four C portionsreceive no fertilizer. At harvest time, the corn yield is recorded for each section of land. What is the claim sheis testing?

• A) The new fertilizer yielded at least a 15% improvement.
• B) The total yield increased at least 15%.
• C) The A sections had at least a 15% increase in yield.
• D) The average soil field had at least a 15% increase in yield.

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Definitions:

SWOT Analysis

SWOT is an acronym for strengths, weaknesses, opportunities, and threats. By systematically evaluating all four of these factors, a firm can then develop the best strategies for gaining a competitive advantage.

Low-cost Producer

A business or manufacturer that can produce goods or services at a lower cost than competitors, often due to economies of scale, technology, or efficient processes.

Strategic Planning Team

A group of individuals within an organization responsible for developing strategies to achieve long-term objectives and goals.

Opportunity

A set of circumstances that makes it possible to do something or for something to happen; often linked with potential for success or advancement.