A Producer of Fine Chocolates Believes That the Sales of Two

question 81

Multiple Choice

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. Which of the following is the appropriate decision given a 5% level of significance?

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

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Definitions:

Echoing

The repetition or imitation of sounds, words, or phrases, often used as a communication technique or learning method.

Clarifying

The process of making a statement or situation less confused and more comprehensible.

Genuineness

The quality of being authentic, sincere, and honest in one's feelings and actions.

Modeling

The process of learning behaviors by observing and imitating others.