The Oxnard Retailers Anti-Theft Alliance (ORATA)published a Study That Claimed

question 12

Multiple Choice

The Oxnard Retailers Anti-Theft Alliance (ORATA) published a study that claimed the causes of disappearance of inventory in retail stores were 30 percent shoplifting,50 percent employee theft,and 20 percent faulty paperwork.The manager of the Melodic Kortholt Outlet performed an audit of the disappearance of 80 items and found the frequencies shown below.She would like to know if her store's experience follows the same pattern as other retailers. Using α = .05,the critical value you would use in determining whether the Melodic Kortholt Outlet's pattern differs from the published study is

• A)7.815
• B)5.991
• C)1.960
• D)1.645

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Definitions:

Supply And Demand

The relationship between the quantity of a commodity available and the desire for that commodity, determining its market price.

Interest Rate

The proportion of a total amount of money that is levied for borrowing it, commonly stated as a yearly percentage rate.

Loanable Funds

The money available for borrowing, which comes from savings and is demanded by borrowers for investment.

Usury Law

Legal regulations that cap the maximum interest rate that can be charged on loans, intended to protect consumers from excessively high rates.