To Compare the Effect of Weather on Sales of Soft

question 81

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. If α = 0.01 and the z-statistic were calculated to be -1.96, your decision would be to fail to reject.

• 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:

Foreign Nation

A country that is located outside one's own country and is governed by a separate legal and political system.

Punitive Damages

Punitive Damages are monetary compensation awarded to a plaintiff, over and above actual damages, intended to punish the defendant for particularly egregious conduct and deter future similar acts.

Plaintiff

The person or party who initiates a lawsuit against another party in a court of law.

Negligence Case

A legal action taken due to harm caused by someone's failure to carry out their responsibilities with due care.