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To Compare the Effect of Weather on Sales of Soft $\neq$

question 22

Multiple Choice

To compare the effect of weather on sales of soft drinks, a soda manufacturer sampled two regions of the country with the following results. Is there a difference in sales between the 2 regions? $To compare the effect of weather on sales of soft drinks, a soda manufacturer sampled two regions of the country with the following results. Is there a difference in sales between the 2 regions? i. The null hypothesis is pa - pb = 0. ii. The alternate hypothesis is pa - pb \neq 0. iii. The proportion of sales made in Market Area 2 is 0.33. A) (i) , (ii) , and (iii) are all correct statements. B) (i) and (ii) are correct statements but not (iii) . C) (i) and (iii) are correct statements but not (ii) . D) (ii) and (iii) are correct statements but not (i) . E) (ii) is a correct statement but not (i) and (iii) .$
i. The null hypothesis is p_a- p_b= 0.
ii. The alternate hypothesis is p_a- p_b $\neq$ 0.
iii. The proportion of sales made in Market Area 2 is 0.33.

Definitions:

Opportunity Costs

The denial of gaining from various other opportunities when a single choice is made.

Economists

Professionals who study the production, distribution, and consumption of goods and services.

Unrealistic Assumptions

Hypothetical conditions in models or theories that do not necessarily reflect real-life complexities, used to simplify analysis.

Economic Problems

Economic Problems refer to the various challenges that countries face in allocating scarce resources to meet the desires and needs of their populations.

To Compare the Effect of Weather on Sales of Soft ≠\neq=

Definitions:

To Compare the Effect of Weather on Sales of Soft $\neq$