A New Company Is in the Process of Evaluating Its

question 221

Multiple Choice

A new company is in the process of evaluating its customer service.The company offers two types of sales: 1.Internet sales;2.Store sales.The marketing research manager believes that the Internet sales are more than 10% higher than store sales.The null hypothesis would be:

• A)P_internet - P_store > .10
• B)P_internet - P_store < .10
• C)P_internet - P_store ≥ .10
• D)P_internet - P_store ≤ .10
• E)P_internet - P_store = .10

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Definitions:

Ounce

A unit of weight commonly used in the United States and the United Kingdom, equal to one-sixteenth of a pound or approximately 28.35 grams.

Futures Contract

A standardized legal agreement to buy or sell an asset at a predetermined price at a specified time in the future.

Futures Contract

A futures contract is a standardized legal agreement to buy or sell a particular commodity or financial asset at a predetermined price at a specified time in the future.

Coffee

A brewed drink prepared from roasted coffee beans, which are the seeds of berries from the Coffea plant.