A Particular Paperback Mystery Book Is Published with a Choice

question 52

Multiple Choice

A particular paperback mystery book is published with a choice of three different pictures on the cover: a photograph of the actor playing the main character in the movie version of the book,a drawing of the mansion where the story takes place,or an embossed graphic of the murder weapon.A certain bookstore keeps copies of this book with each of the pictures on the cover on its racks.To test the hypothesis that sales of this book are equally divided among the three choices,a simple random sample of 120 purchases of this book is obtained.The numbers are displayed in the table below. Under the null hypothesis that sales are equally divided among the three different covers,what is the value of the expected count for sales of the book with the photograph of the actor on the cover?

• A)0.258
• B)0.333
• C)31
• D)40

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Definitions:

Returns

The process of a customer returning previously purchased merchandise back to the seller, or the amount of profit generated from an investment.

Gross Margin Ratio

A financial indicator that calculates the disparity between sales and the cost of goods sold, represented as a portion of sales revenue.

Net Sales

The total revenue from sales reduced by returns, allowances for damaged or missing goods, and discounts.

FOB Destination

A shipping term where the seller pays for transportation of the goods to the buyer's location, and ownership of the goods transfers upon delivery.