A Random Sample of Clients at a Weight Loss Centre

question 32

Multiple Choice

A random sample of clients at a weight loss centre were given a dietary supplement to see if it would promote weight loss.The centre reported that the 20 clients lost an average of 15.3 kg,and that a 95% confidence interval for the mean weight loss this supplement produced has a margin of error of ±4.5 kg.

• A)95% of the clients in the study lost between 10.8 and 19.8 kg.
• B)95% of the people who use this supplement will lose between 10.8 and 19.8 kg.
• C)We are 95% confident that the mean weight loss produced by the supplement in weight loss centre clients is between 10.8 and 19.8 kg.
• D)We are 95% sure that the average weight loss among the clients in this study was between 10.8 and 19.8 kg.
• E)The average weight loss of clients who take this supplement will be between 10.8 and 19.8 kg.

Identify areas regulated by the government in business affairs, specifically in Australia and New Zealand.

Comprehend the concepts of cultural relativism and universalism and their implications for international business operations.

Appreciate the public's demand for ethical and socially responsible management in organizations.

Understand the concept of ethical dilemmas and their sources.

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Definitions:

Required Sales

The amount of sales a company needs to achieve in order to cover all its costs and reach its break-even point.

Variable

An element or factor that is subject to change or variation, often used in financial analysis or scientific experiments.

Fixed

Refers to expenses that do not change with the level of production or sales, such as rent, salaries, and insurance premiums.

Contribution Margin

The difference between a company's sales revenue and variable costs, which contributes to covering its fixed costs and generating profit.