To Compare the Effect of Weather on Sales of Soft

question 31

Multiple Choice

To compare the effect of weather on sales of soft drinks, a soda manufacturer sampled two regions
Of the country with the following results. Is there a difference in sales between the 2 regions?
i. The null hypothesis is pa - pb = 0.
ii. The alternate hypothesis is pa - pb > 0.
iii. The z-statistic is 3.40.

• A) (i), (ii), and (iii) are all correct statements.
• B) (i) and (ii) are correct statements but not (iii).
• C) (i) and (iii) are correct statements but not (ii).
• D) (ii) and (iii) are correct statements but not (i).
• E) (ii) is a correct statement but not (i) and (iii).

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Definitions:

Differentiated

To be distinguished or made distinct in nature or qualities from others, often referring to products, services, or market segments.

Affective Forecasting

The process of predicting one's future emotional states or the emotional impact of future events.

Problem-solving Ability

The capacity to process information, analyze complicated situations, and come up with effective solutions.

Affect-as-information Hypothesis

The theory suggesting that individuals use their current emotions to infer attitudes and preferences under certain conditions.