Your Company Plans to Increase the Monthly Fees It Charges

question 77

Multiple Choice

Your company plans to increase the monthly fees it charges clients starting in September. You are drafting a letter to mail to your clients to inform them of this increase and hopefully persuade them to keep their business with you.
-Which of the following statements would be best to include in this letter?

• A)This increase will allow us to give well-deserved bonuses to our salespeople.
• B)This increase will allow us to upgrade our infrastructure and better compete with our rivals.
• C)This increase will allow us to embark on an aggressive media campaign to woo new clients.
• D)This increase will allow us to provide you with additional benefits and 24-hour support.
• E)This increase will allow us to pay down some long-term debt.

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Definitions:

Null Hypothesis

In statistical hypothesis testing, it is the hypothesis that there is no effect or no difference, and any observed deviation is due to chance.

Control Chart

A graphical tool used in process control to display how a process varies over time, highlighting whether a process is in control or if there are signs of an out-of-control process.

Sample Means

Calculations of the average values derived from samples, representing estimates of the population mean.

Average Run Length

In statistical process control, the expected number of samples that will be taken before an action signal is generated.