A grocery store has an average sales of $8000 per day. The store introduced several advertising campaigns in order to increase sales. To determine whether or not the advertising campaigns have been effective in increasing sales, a sample of 64 days of sales was selected. It was found that the average was $8300 per day. From past information, it is known that the standard deviation of the
population is $1200 . The value of the test statistic is
a. .25.
b. 80.00.
c. 8.25.
d. 2.00.
d
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An electronic funds transfers system ________.
A) does not include debit card transactions B) is seldom used by businesses C) transfers cash by electronic communication rather than by paper documents D) uses forms such as checks and deposit tickets to transfer cash
Celebrate Holidays Company signed a 7%, 10-year note for $161,000. The company paid an installment of $2500 for the first month. What portion of the first monthly payment is principal? (Do not round any intermediate calculations, and round your final answer to the nearest dollar.)
A) $1561 B) $4061 C) $4830 D) $15,917
Typically a franchisee is a subsidiary of the franchisor
Indicate whether the statement is true or false
A debt that a business owes is called ________
A) an asset B) a liability C) stockholders' equity D) revenue