To Test a Hypothesis About a Mean, Such as Average

question 23

Multiple Choice

To test a hypothesis about a mean, such as average sales between stores, our data is required to be:

• A) nominal scaled or ordinal scaled.
• B) ordinal scaled or interval scaled.
• C) interval scaled or ratio scaled.
• D) ratio scaled or ordinal scaled.

---

Definitions:

Negotiation Pitfall

A common mistake or trap that can lead to less favorable outcomes during negotiation processes.

Minimum Reservation Point

The lowest value or condition acceptable to an individual or party in a negotiation.

Maximum Reservation Point

The highest price or point at which a buyer is willing to complete a transaction or negotiation.

Two-party Negotiation

A discussion aimed at reaching an agreement between two different parties or individuals.