Exhibit 20

question 4

Multiple Choice

Exhibit 20.1.A pawn shop claims to sell used Kindles for about the same price as Amazon or eBay.Both online retailers sell used Kindles for around $150.Below are recent Kindle sales prices for the pawn shop. Refer to Exhibit 20.1.Using the p-value approach and ,the appropriate conclusion is:

• A)Reject the null hypothesis,cannot conclude the median sale price is greater than $150
• B)Do not reject the null hypothesis,cannot conclude the median sale price is greater than $150
• C)Do not reject the null hypothesis,conclude the median sale price is greater than $150
• D)Reject the null hypothesis,conclude the median sale price is greater than $150

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Definitions:

Functions Of Management

Refers to the core tasks and responsibilities that managers must perform, including planning, organizing, leading, and controlling, to effectively and efficiently coordinate the use of resources to achieve organizational goals.

Motivation-Hygiene Theory

A theory by Frederick Herzberg that suggests job satisfaction and dissatisfaction arise from two different sets of factors - motivation factors and hygiene factors.

Maslow's Hierarchy

A theory in psychology proposed by Abraham Maslow, which outlines a hierarchy of human needs from basic physiological needs to self-actualization.

Price Elastic

The degree to which the demand for a product changes in response to a change in its price.