Consider the following hypothesis test: H0: ? = 10 Ha: ? ? 10 A sample of 81 provides a sample mean of 9.5 and a sample standard deviation of 1.8
a. Determine the standard error of the mean.
b. Compute the value of the test statistic.
c. Determine the p-value; and at the 5% level, test the above hypotheses.
a. .2
b. t = -2.5
c. p-value is between .01 and .02 (two-tailed test); reject H0
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Which of the following is a basic factor that determines the boundaries within which market prices should be set?
A) market access B) competition C) service D) export duties
An over-the-counter market is a network of brokers and dealers, connected electronically, that provides for trading in securities not listed on the physical stock exchanges.
Answer the following statement true (T) or false (F)
Charles Shaw Wines, a brand sold exclusively in Trader Joe's, is an example of a ____ brand.
A. manufacturer B. generic C. wholesaler D. private distributor E. regional
Scenario 11.1 Use the following to answer the questions. Cheetos Fat-free Crunchies is a product developed through advanced technology. Cheetos engineered a technique for making reduced-fat snacks that taste cheesier and stay fresh longer. Cheetos introduced Fat-free Crunchies in limited markets in 2012 and began national distribution in 2013. About 18 months later, a series of competitors' ads was run claiming that Cheetos Crunchies actually contained 1.5 grams of fat, and that they contained preservatives and additives. Research showed that the taste of Cheetos Crunchies was also perceived negatively by some people. To save the product, Cheetos reduced the remaining fat to 0 grams, took out the preservatives, and improved the taste. Refer to Scenario 11.1. Suppose that Cheetos stops
production of Cheetos Fat-free Crunchies and sells all of its remaining inventory to a warehouse club. This would be an example of a(n) A. strategy for the maturity phase. B. phase-out product deletion strategy. C. immediate-drop decision. D. pullout product deletion policy. E. return to test marketing.