In a Consumer Survey Designed to Assess the Priorities of Online

question 67

Multiple Choice

In a consumer survey designed to assess the priorities of online shoppers, 2000 online shoppers were randomly selected and asked to identify what is most important to them when buying a product online.Respondents to the survey were classified by online shopping frequency as either "frequent online shoppers" or "occasional online shoppers." Results of the study are used to fill in a table like the one below.Based on the results, you use chi-square analysis to test the null hypothesis that shopper priority is independent of online shopping frequency. Suppose the p-value for the test turns out to be .0347.If the significance level is set at 5%, what should you conclude?

• A)You can't reject the "independence" null hypothesis.
• B)You should reject the "independence" null hypothesis.
• C)Insufficient information is given to determine whether the two factors are related.
• D)Priority and shopping frequency are independent factors.

Identify and correct capitalization errors.

Identify and correct punctuation errors.

Identify and correct quotation errors.

Recognize correct use of capital letters and punctuation in specific contexts.

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Definitions:

Newsvendor Model

A mathematical model used to determine optimal inventory levels for products with uncertain demand and a limited selling period.

Net Present Value

A financial metric that calculates the difference between the present value of cash inflows and outflows over a period of time, used in capital budgeting to assess the profitability of an investment.

Early Start Time

The earliest possible time at which a particular activity or event is scheduled to begin, often used in project management.

Latest Finish Time

Refers to the latest possible point in time that an activity or task can be completed without delaying the project.