A recent report in which a major pharmaceutical company released the results of testing that had been done on the cholesterol reduction that people could expect if they use the company's new drug indicated that the Type II error probability for a
given "true" mean was 0.1250 based on the sample size of n = 64 subjects. Given this, what was the power of the test under these same conditions? The alpha level used in the test was 0.05.A) 0.95
B) 0.875
C) Essentially zero
D) Power would be undefined in this case since the hypothesis would be rejected.
B
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Which of the following statements is true of the employment at will doctrine?
A. It has been reinforced in the past 50 years by statutes such as Title VII, the National Labor Relations Act, and the Age Discrimination in Employment Act. B. It gives workers the right to organize and bargain collectively. C. It requires certain reports to the secretary of labor that should disclose a great deal about the financial situation of the union. D. It is based on the laissez-faire values of the 19th century, for it leaves both the employer and employee with maximum freedom.
Which of the following does not represent an asset of a company?
A. Amounts owed to suppliers. B. Equipment owned and used for operations. C. Supplies held by the company. D. Land owned by the company.
Young Guns Company, which sells tents, has provided the following information
Sales price per unit $45 Variable cost per unit 11 Fixed costs per month $12,700 What are the required sales in units for Young to break even? (Round your answer up to the nearest whole unit.) A) 227 units B) 1,155 units C) 283 units D) 374 units
Which of the following would NOT be a marketing strength for a local coffee shop?
A. access to large amounts of capital from a long-term relationship with a local bank B. a well-recognized brand C. established relations with local businesses D. a patented coffee blend E. counter staff that knows and understands customer preferences