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To compare the effect of weather on sales of soft drinks, a distributor surveyed people in two regions of the country and asked if they purchased soft drinks in the last month. The following are the results. The distributor would like to know if there is a difference in sales between the two regions. What is the alternate hypothesis?
Contingent Liability
A potential financial obligation that may arise depending on the outcome of a future event.
Contingent Liabilities
Liabilities that may arise from past transactions if certain events occur in the future.
Interest Expense
The cost incurred by an entity for borrowed funds; interest expense is a non-operating expense shown on the income statement.
360-Day Year
A financial convention that simplifies interest calculations by assuming a year has 360 days.
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