Bags of a Certain Brand of Tortilla Chips Claim to Have

question 29

Multiple Choice

Bags of a certain brand of tortilla chips claim to have a net weight of 14 ounces.Net weights actually vary slightly from bag to bag.Assume net weights are Normally distributed.A representative of a consumer advocate group wishes to see if there is any evidence that the mean net weight is less than advertised and so intends to test the hypotheses H₀:  = 14 versus H_a:  < 14.To do this,he selects 16 bags of tortilla chips of this brand at random and determines the net weight of each.He finds a sample mean of 13.88 ounces with a standard deviation of s = 0.24 ounces.What is the value of the test statistic?

• A)t = -0.50
• B)t = -2.00
• C)t = -8.00
• D)t = -8.33

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Definitions:

Total Revenue

The total amount of money generated by the sale of goods or services before any expenses are subtracted.

Domestic Producers

Companies or individuals that produce goods and services within their home country.

Foreign Producers

Foreign producers are companies or individuals who produce goods or services outside the domestic market.

Tariff

Government-imposed duties on imported or, less commonly, exported goods, often established to protect domestic industries and to generate revenue.