A Pet Food Producer Manufactures and Then Fills 25-Pound Bags

question 46

Multiple Choice

A pet food producer manufactures and then fills 25-pound bags of dog food on two different production lines located in separate cities.In an effort to determine whether differences exist between the average fill rates for the two lines,a random sample of 19 bags from line 1 and a random sample of 23 bags from line 2 were recently selected.Each bag's weight was measured and the following summary measures from the samples are reported: Management believes that the fill rates of the two lines are normally distributed with equal variances.
Develop a 95% confidence interval estimate of the true mean difference between the two lines.

• A)-0.1412 ≤ (µ₁ - µ₂)≤ -0.0912
• B)-0.0974 ≤ (µ₁ - µ₂)≤ -0.0026
• C)-0.0231 ≤ (µ₁ - µ₂)≤ -0.0069
• D)-0.0812 ≤ (µ₁ - µ₂)≤ -0.0188

Recognize the impact of digital tools and market conditions on pricing decisions.

Describe the regulatory and ethical considerations in pricing.

Identify the tactics used for competitive pricing and market positioning.

Explain the role of price elasticity in decision-making processes.

---

Definitions:

Behavioral Tendencies

Patterns or propensities in individuals' actions and reactions under certain conditions or stimuli.

Reputations

The beliefs or opinions that are generally held about someone or something based on past actions or character.

Expectancy Effects

Phenomena where an experimenter's or observer's expectations about a participant can actually influence the outcome of a study or the behavior of the participant.

Internal Locus

A psychological term referring to individuals who believe they can control their life outcomes through their actions.