Statistical inferences are facts and are not based on probability
Indicate whether the statement is true or false
F
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Claxton FruitcakesOne common Christmas tradition in many households is the Claxton fruitcake. The fruitcake bakery in Claxton, Georgia, makes about 6 million pounds of fruitcake annually and has $12 million in sales. One fruitcake batch weighs 375 pounds. About 70 percent of that weight is fruits and nuts. A single batch is divided into 34 loaf pans that hold 11 pounds each. Loaves are cooked for 100 minutes at 375 degrees. The bakery can cook 6,000 pounds at a time. During the baking season (August-December), the bakery uses a tractor-trailer load of raisins each day. The suggested retail price of a one-pound Claxton fruitcake is $3.69.Refer to Claxton Fruitcakes. For a corporation that has been giving its key customers Claxton fruitcakes since 1950, placing the order for cakes to be
delivered this year would be an example of a _____ because some negotiation about price and quantity must occur each year. A. new buy B. contingency buy C. modified rebuy D. situational buy E. straight rebuy
What is the first step when analyzing a publication's potential effectiveness?
A. verifying its circulation figures B. counting its outlets of distribution C. auditing its circulation procedures D. performing a competitive audit E. assessing its audience
The pooled proportion estimate is used when the null hypothesis states that the two population proportions differ by some non-zero number
Indicate whether the statement is true or false
What is a potential disadvantage of direct selling?
A. Commissions for salespeople are usually low. B. Some customers view direct selling negatively. C. Personal attention tends to be lacking. D. Product demonstrations are difficult in this type of selling. E. Consumers must go out of their way.