A Random Group of Used Books Was Selected from Book

question 8

Multiple Choice

A random group of used books was selected from book warehouse to analyze their condition. The book store believes that 20% of the books are in excellent condition, 38% are in very good condition, 15% are in fair condition, and 27% are in poor condition. Is there evidence to reject this hypothesis at = 0.05?

• A) There is evidence to reject the claim that the books are distributed as claimed because the test value 16.291 > 7.815
• B) There is not evidence to reject the claim that the books are distributed as claimed because the test value 7.815 < 16.291
• C) There is evidence to reject the claim that the books are distributed as claimed because the test value 16.291 > 9.488
• D) There is not evidence to reject the claim that the books are distributed as claimed because the test value 9.488 < 16.291

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Definitions:

Functional

Relating to the practical or useful aspects of something, especially its use or purpose.

Business-Level Strategies

The tactics and approaches a business adopts to compete effectively in a particular market, focusing on achieving competitive advantage.

Corporate Strategy

The overarching plan and scope of an organization aimed at achieving long-term business objectives and competitive advantage.

Cash Flow

The total amount of money being transferred into and out of a business, indicating its liquidity, financial health, and ability to handle operational expenses.