I think the answer is a. I'm not 100 sure though.
Answer:
The store manager is 95% confident that the average amount spent by all customers is between $ 31.84 and $ 38.66.
Explanation:
In statistics, a confidence interval is the probability that the parameter of a population lies between two set of values when a random sample of the population is drawn for a specific percentage of times. This means that the confidence interval is formed about the whole population not the sample from which it is calculated.
The probabilities of a confidence interval can take any number, but 95% and 99% confidence level that are usually used.
It should be noted that, for example, 95% confidence level implies that there is a 95% chance that the true mean of the population lies within the calculated confidence interval.
Therefore, the statement which gives a valid interpretation of the interval in the question is the first one which states that "the store manager is 95% confident that the average amount spent by all customers is between $ 31.84 and $ 38.66."
I wish you the best.
In this scenario, Daniel is <span>satisficing.
</span>According to its definition, to satisfice means '<span>decide on and pursue a course of action that will satisfy the minimum requirements necessary to achieve a particular goal.' So, Daniel is weighing his options and looking for the means which will provide him with the best results possible when it comes to his small shoe manufacturing company.</span>
Answer:
Consolidated income: 954,800 dollars
Explanation:
Gallow income x race participation:
$ 204,000 x 80% = $ 163,200
The gross profit in the infra-entity transaction will be eliminated
$ 450,000 - $ 330,000 = $ 120,000 gross profit
15% remains at Gallow so: $ 120,000 x 15% = $ 18,000 gross profit for the unsold inventory.
We now multiply by Race participation: $ 18,000 x 80% = $ 14,400 unrealized gain.
Consolidated income:
Race income: 806,000
Gallo income 163, 200
unrealized gain (14, 400)
Total: 954,800
Answer: C. Low-involvement consumer
Explanation:
A low-involvement consumer could be described as someone who does not observe much risk in a product after purchase and could continue using the product due to his or her reservation on the product instead of returning to the retailer where it was gotten. Ying discovers that she can manage the detergent as long as it's able to remove stain from her cloth even though it has a bad odour. She is seen as a low-involvement consumer.
