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Anna11 [10]
3 years ago
12

The sign on the shoe store door said: "Ninety-nine percent of our clients are satisfied customers!" They based this on the comme

nt cards left by customers. What could have happened to make this sample biased?
a. The store clerks only gave comment cards to customers who were smiling when they left the store.
b. Not enough comment cards were returned.
c. The cards were only given to people who bought two pairs of shoes.
d. Not enough comment cards were given out.
Business
1 answer:
Makovka662 [10]3 years ago
8 0

Answer:

Option A

Explanation:

A biased sample is the one in which only that part of a lot is chosen as sample which works  with the decision desired. As for in the given case, the store chooses to receive a review from the customers who are happy.

A smiling face confirms that the person is happy with the store service.

Thus, when we provide them the comment card maximum feasibility is that they shall write back a positive comment about the store service.

In this manner if comment card is not provided to unhappy customers, the opinion formed is a biased opinion.

Final Answer

Only customers with happy faces are given an option to fill the comment card.

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Katlyn Williams owns a company that makes specialized components for the aerospace industry. Her most important customer is a co
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Need to accommodate the growth of a key customer.

Explanation:

In the given scenarios Katlyn is motivated to keep her company growing because her most important customer is a company that is growing at a rate of 33% per year.

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Suppose that for each one-percentage-point increase in the interest rate, the level of investment spending declines by $1 billio
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We expect investment spending to increase by $ 1 billion

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A firm has negotiated a seasoned equity offer that will provide the firm with $1.68 million in net proceeds. The underwriting sp
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Answer:

The correct answer is $36.27

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Hence, 100% of the amount should cover $1,680,000 and the underwriter charges. Hence, the total amount required to be raised is more than $1,680,000.

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Amount Needed = Amount to be raised by selling shares x (1 - Underwriters' Charge)

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