A Pizza Chain Is Considering Opening a New Store in an Area

question 304

Multiple Choice

A pizza chain is considering opening a new store in an area that currently does not have any such stores.The chain will open if there is evidence that more than 5,000 of the 20,000 households in the area have a favorable view of its brand.It conducts a telephone poll of 300 randomly selected households in the area and finds that 96 have a favorable view. Which of the following tests will be the most appropriate?

• A)t test for the mean.
• B)Z test for the proportion.
• C)Pooled-variance t test.
• D)Separate-variance t test.

Understand the basic principles and types of Alternative Dispute Resolution (ADR) including arbitration and mediation.

Identify the enforceability of arbitration clauses in various contexts, including employment and consumer contracts.

Differentiate between mediation and arbitration and understand situations where each is applicable.

Recognize the limitations and criticisms of arbitration.

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Definitions:

Short-term Note Payable

A debt obligation due within one year or less, often used for short-term financing needs or working capital requirements.