A Spa Owner Bought Hand Lotion in a 2-Quart Container

question 78

Multiple Choice

A spa owner bought hand lotion in a 2-quart container and then repackaged the lotion in 8-fluid-ounce bottles. The lotion and bottles cost $80.75, and each 8-fluid-ounce bottle was sold for $8.5. How much profit was made on the 2-quart package of lotion?

• A) $-13
• B) $-12.5
• C) $-12.75
• D) $37.25
• E) $-62.75

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Definitions:

Null Hypothesis

A hypothesis in statistical testing that proposes no statistical significance exists in a set of given observations.

Chi-square Test

A statistical test used to determine the association between categorical variables, measuring how expectations compare to actual observed data.

Proportion

In statistics, it measures the part or fraction of the total that exhibits a specific trait or characteristic.

Approval Rating

A measurement often used in politics to indicate the percentage of respondents to a poll who approve of a leader or governing body.