How do you know if a z-test or one-sample t-test is appropriate given a particular dataset?

What will be an ideal response?


You can identify if a z-test or one-sample t-test is appropriate based upon the availability of a population standard deviation. If the population SD is known, a z-test is needed. If it is unknown, a one-sample t-test is needed.

Business

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Shandra used revenue and cost data the company had gathered over the past six month to make projections about how much the company's revenue could be expected to grow if the partners decided to add a second RV motorhome equipped with grooming

stations to the business. Shandra would most likely provide an analysis of this data in which section of a marketing plan? A) executive summary B) measurement and controls C) marketing situation D) forecasting E) company description, purpose, and goals

Business

Which of the following is the nonpersonal presentation and promotion of ideas, goods, or services by an identified sponsor using the mass media?

A) direct marketing B) sales promotion C) public relations D) advertising E) direct selling

Business

According to Federal Trade Commission (FTC) policy, the basis for determining ________ is that a trade practice causes substantial physical or economic injury to consumers, could not reasonably be avoided by consumers, and must not be outweighed by countervailing benefits to consumers or competition.

A. affirmative disclosure B. cease-and-desist orders C. unfairness D. puffery E. deception

Business

In Japan small businesses are:

a. greatly favored by the government b. exempt from most taxes c. considered very desirable places to work d. considered less desirable places to work e. formed at a much faster rate than in the United States

Business