The owner of a local nightclub has recently surveyed a random sample of n = 300 customers of the club. She would now like to determine whether or not the mean age of her customers is over 35 . If so, she plans to alter the entertainment to appeal to an older crowd. If not, no entertainment changes will be made. Suppose she found that the sample mean was 35.5 years and the population standard
deviation was 5 years. What is the p-value associated with the test statistic?
a. 0.9582
b. 1.7300
c. 0.0418
d. 0.0836
C
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A producer successfully practicing international dumping would charge
a. a relatively higher price in the more inelastic market. b. a relatively higher price in the more elastic market. c. the same price in all markets, regardless of their elasticities. d. different prices in all markets, regardless of their elasticities.
Ignacio is asking for a refund or a replacement for a recently purchased malfunctioning DVD player; his request for the refund or replacement would be considered a
a. persuasive claim. b. complaint. c. routine claim. d. negative news message.
Good Health & Life Insurance Corporation suffers a security breach in its computer network. Before the company discovers the breach, the perpetrator obtains corporate financial records and other confidential data, including marketing plans. Is this a crime? If so, what are its elements? What steps might Good Health & Life take to ensure that going forward only authorized users access the data on its computers? Whose efforts¾those of the federal government or Good Health & Life¾are most important in securing the company's computer infrastructure and why?
What will be an ideal response?
Which of the following requirements is least likely to be an obstacle to recovery for a plaintiff in a strict liability action brought pursuant to Section 402A?
a. Statute of repose b. Failure to warn c. Privity d. Subsequent alteration