The Management of a Department Store Is Interested to Estimate

question 48

Multiple Choice

The management of a department store is interested to estimate the difference in the amount of money spent by female and male shoppers.You are given the following information. A 95 percent confidence interval estimate for the difference between the average purchases of the customers using the two different credit cards is

• A)49 to 64.
• B)11.68 to 18.32.
• C)125 to 140.
• D)8 to 10.

---

Definitions:

Technical Consideration

Specific technical factors or details that are taken into account in the assessment or development of a project, product, or system.

Promissory Estoppel

A legal principle that enforces a promise when someone else has reasonably relied on that promise to their detriment, even if a formal contract does not exist.

Consideration Substitute

Refers to a principle or factor that can stand in the place of consideration in certain contractual situations, allowing a contract to be enforceable without the traditional exchange of value.

Reliance

The act of depending on or trusting in something or someone, often used in legal contexts to denote reliance on a contract or promise.