A Marketing Firm Asked a Random Set of Married Women

question 66

Multiple Choice

A marketing firm asked a random set of married women and married men how much they were willing to spend for jewellery as a present for their spouse. Can the firm conclude, at , that
Each of the two groups has a different willingness to spend? (Use the unequal variances formula.)
$$\begin{array} { | l | c | c | } \hline & \text { Women } & \text { Men } \\\hline \text { Sample size } & 8 & 11 \\\hline \text { Mean spending amount } & 80 & 55 \\\hline \text { Sample variance } & 50 & 800 \\\hline\end{array}$$

• A) No, because the test value 0.32 is inside the interval (-2.31, 2.31)
• B) Yes, because the test value 2.81 is outside the interval (-2.36, 2.36)
• C) Yes, because the test value 16.00 is inside the interval (-2.31, 2.31)
• D) No, because the test value 16.00 is outside the interval (-2.36, 2.36)

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Definitions:

Ties up Funds

The process of allocating capital to long-term assets or investments, which restricts its immediate availability for other uses.

Safeguard Assets

Strategies and measures implemented to protect a company's assets from theft, damage, or misuse.

Inventory Turnover

A ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency in managing stock levels.

Number of Days' Sales

A financial metric that measures how quickly a company can convert its inventory into sales.