Answer:
"conditional on all else being equal, as the price of a good increases (↑), quantity demanded will decrease (↓); conversely, as the price of a good decreases (↓), quantity demanded will increase (↑)"
Step-by-step explanation:
Answer:
is there a image if so put it there so i can answer
Step-by-step explanation:
1) 4
2) 3520
3) 3.8
4) 84
5) 15840
6) 9
7) 2
8) 24
9) 1.25
Answer:
A one-tailed hypothesis will be used to perform the test.
Step-by-step explanation:
The purpose of the marketing research consultant hired by Coca-Cola is to determine whether the the proportion of customers who prefer Coke to other brands is over 50%.
The marketing research consultant selected a random sample of <em>n</em> = 200 customers. The sample proportion of people who favored Coca-Cola over other brands was 55%.
The marketing research consultant can perform a single proportion hypothesis test to determine whether greater than 50% of customers prefer Coca-Cola to other brands.
Since we need to determine whether the population percentage is greater than a null value, the hypothesis is not two-tailed.
The hypothesis can be defined as:
<em>H₀</em>: The proportion of people who favor Coca-Cola over other brands was 55%, i.e. <em>p</em> = 0.50.
<em>Hₐ</em>: The proportion of people who favor Coca-Cola over other brands was more than 55%, i.e. <em>p</em> > 0.50.
Thus, a one-tailed hypothesis will be used to perform the test.
