The Next Questions Are Based on the Following Information

question 121

Multiple Choice

The Next Questions Are Based On The Following Information:
An accountant claims to be able to complete a standard tax return in under an hour.For a random sample of 24 tax returns,the accountant averaged 63.2 minutes with a standard deviation of 7.7 minutes.
-What is the test statistic for this test?

• A)Z = 2.04
• B)t = 1.79
• C)t = 2.04
• D)Z = 1.79

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Definitions:

Dual Distribution

A distribution strategy where a company sells its products both directly to consumers and through intermediaries.

Mixed-Line Merchandising

A retail strategy that involves offering a wide variety of unrelated products in a single store to attract diverse customers.

Dysfunctional Competition

A scenario where businesses engage in harmful practices that impede fair marketplace operations, often leading to reduced consumer choice and innovation.

Specialty Clothing Store

A retail establishment that focuses on selling specific categories or brands of clothing and accessories, catering to niche markets.