Fifteen people were given two types of cereal, Brand X and Brand Y. Two people preferred Brand X and thirteen people preferred Brand Y. We want to determine whether or not customers prefer one brand over the other. To test the null hypothesis, the appropriate probability distribution to use is
a. normal
b. chi-square
c. Poisson
d. binomial
D
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The writer of a business plan can safely apply the same strategies used to write sales promotions
Indicate whether the statement is true or false
Refer to the instruction above. What does the company save for the year by selecting this low-cost option (for annual requirements of 5,000 units)?
A) $15,000 B) $60,000 C) $65,000 D) $5,000
What step in developing new products involves determining whether the product idea is compatible with company objectives, needs, and resources on a general level?
A. Product development B. Evaluation of competitor's efforts C. Screening D. Idea generation E. Business analysis
In regression and correlation analysis, if SSE and SST are known, then with this information the
a. coefficient of determination can be computed b. slope of the line can be computed c. Y intercept can be computed d. x intercept can be computed