Marcy's Consignment Shop Is Based in Port Angeles, Washington $\$ 3.50$

question 15

Multiple Choice

Marcy's Consignment shop is based in Port Angeles, Washington. It offers both male and female never or slightly used clothing and accessories on a consignment basis. Marcy's recently redesigned their website and wants to show that sales have increased. The sales manager selects 30 sales records at random from the store's online client list and she finds a mean increase in spending of $\$ 3.50$ with a standard deviation of $\$ 7.20$ . The resulting $P$ -value for an $\alpha = 0.05$ is

• A) \(0.012\)
• B) \(0.315\)
• C) \(0.006\)
• D) \(0.024\)
• E) \(0.630\)

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Definitions:

Jeep Tours

Customized tours offered to tourists that utilize jeeps to navigate terrain that is typically not accessible by standard vehicles, often in natural or adventure settings.

Revenue Variances

The difference between actual revenue and expected revenue over a specific period, often analyzed to understand performance.

Spending Variances

Differences between the actual amount spent on something and its budgeted (or planned) amount, often analyzed for cost control purposes.

Flexible Budget

A budget that adjusts or flexes with changes in volumes or activity levels, helping managers to better compare actual to budgeted performance.