Exhibit 10

question 58

Multiple Choice

Exhibit 10.5.A producer of fine chocolates believes that the sales of two varieties of truffles differ significantly during the holiday season.The first variety is milk chocolate while the second is milk chocolate filled with mint.It is reasonable to assume that truffle sales are normally distributed with unknown but equal population variances.Two independent samples of 18 observations each are collected for the holiday period.A sample mean of 12 million milk chocolate truffles sold with a sample standard deviation of 2.5 million.A sample mean of 13.5 million truffles filled with mint sold with a sample standard deviation of 2.3 million.Use milk chocolate as population 1 and mint chocolate as population 2. Refer to Exhibit 10.5.What is the appropriate decision given a 5% level of significance?

• A)Conclude that the average milk chocolate and mint chocolate sales differ since the p-value is greater than 0.05.
• B)Conclude that the average milk chocolate and mint chocolate sales do not differ since the p-value is less than 0.05.
• C)Do not conclude that the average milk chocolate and mint chocolate sales differ since the p-value is greater than 0.05.
• D)Do not conclude that the average milk chocolate and mint chocolate sales do not differ since the p-value is less than 0.05.

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Definitions:

Industrial Market Countries

Economically advanced capitalist countries of Western Europe, North America, Australia, New Zealand, and Japan; also known as developed countries and high-income economies.

World Population

The total number of living humans on Earth at a given time, a figure that has been subject to rapid growth over the last century.

World's Output

The total production of goods and services by all countries around the globe over a specific time period.

Rules of The Game

Informal and formal institutions, norms, and conventions that shape interactions and decision-making in economic, social, and political environments.