Consider the Following to Answer the Question(s) Below

question 2

Multiple Choice

Consider the following to answer the question(s) below:
Winnipeg Pet Plus believes that it has a market share of 25 percent of the local dog food market. It surveys 100 dog owners and ask whether or not it is their regular source of dog food, and 23 people say yes.
-At α = 0.05

• A) We cannot conclude that the percentage of customers who buy their dog food regularly at Winnipeg Pet Plus is significantly different from 25%.
• B) We can conclude that the percentage of customers who buy their dog food regularly at Winnipeg Pet Plus is equal to 25%.
• C) We can conclude that the percentage of customers who buy their dog food regularly at Winnipeg Pet Plus is significantly lower than 25%.
• D) We cannot conclude that the percentage of customers who buy their dog food regularly at Winnipeg Pet Plus is significantly lower than 25%.
• E) We can conclude that the percentage of customers who buy their dog food regularly at Winnipeg Pet Plus is not significantly lower than 25%.

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Definitions:

Self-reported

Information provided directly by individuals about themselves without external verification.

Personal Happiness

An individual's overall subjective feeling of well-being and satisfaction with life.

Decades

Periods of ten years.

Subjective Well-being

An individual's self-assessment of their overall happiness and life satisfaction.