Use the Following Information for Questions
Observation
$\chi$ ² with 8 Degrees of Freedom

question 2

Multiple Choice

Use the following information for questions
Observation

The numbers in each cell represent the sales level in thousands of
dollars.
-Which of the following is/are true? 1-The appropriate null hypothesis would state, "Advertising levels have no effect on sales." 2-The appropriate null hypothesis would state, "There is an increase in the sales level due to an increase in the intensity of the advertising effort." 3-The appropriate statistic to test the null hypothesis would be $\chi$ ² with 8 degrees of freedom.

• A)1
• B)2
• C)3
• D)1 and 3
• E)2 and 3

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Definitions:

Operating Expenses

Costs associated with the day-to-day operations of a business, including rent, utilities, and payroll.

Customer-Led Pricing

A pricing strategy that asks customers how much they are willing to pay and then offers the product at that price.

Pricing Strategy

The approach businesses use to set the prices for their products or services, influencing sales and revenue.

Introductory Offer

A pricing strategy to encourage people to try a new product by offering it for free or at a heavily discounted price.