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Maslowich
3 years ago
14

On average, do women spend more on haircuts than men? Someone took a random sample of men and women at UF and asked them how muc

h they had spent on their last hair cut. A portion of the Minitab output appears below. What is the best interpretation of the output below? Difference = mu (F) - mu (M) T-Test of difference = 0 (vs >): T-Value = 3.82 P-Value = 0.000 DF = 68A. With a p-value equal to 0.000, there is no statistically significant evidence of a difference in average amount of money spent on hair cuts between men and women at UF.B. With a p-value equal to 0.000, there is statistically significant evidence of a difference in average amount of money spent on hair cuts between men and women at UF.C. With a p-value equal to 0.000, there is statistically significant evidence that the average amount of money spent on hair cuts for women is higher than it is for men.D. With a p-value equal to 0.000, there is statistically significant evidence that the average amount of money spent on hair cuts for men is higher than it is for women."
Business
1 answer:
Monica [59]3 years ago
5 0

Answer:

C. With a p-value equal to 0.000, there is statistically significant evidence that the average amount of money spent on hair cuts for women is higher than it is for men.

Explanation:

The P-value, compared to the level of significance, gives us the information to decide if there is statistical evidence or not.

If the P-value is smaller than the level of siginificance, the effect is significant. In this case, with P-value=0.000, it is smaller than any level of significance and we can conclude that there is statistical evidence that there is a difference in the average amount of money spent on haircuts between women and men at UF.

In the output, we have that the t-value is positive. If the Difference is defined as: mu(Female) - mu(Male), we know that the mean spending is higher for women than for men.

Also, the alternative hypothesis is defined as "mu(Female) - mu(Male)>0".

With these, we can conclude the answer is Option C.

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3 years ago
The consumer price index was 120 in 2013 and 126 in 2014. The nominal interest rate during this period was 8 percent. What was t
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Answer:

3 percent

Explanation:

A real interest rate is an interest rate which doesn't have impact of inflation and depicts the real cost of funds to the borrower and the real yield to the lender or an investor.

Inflation = (126-120)/120 = 5%

Real Interest Rate = Nominal Interest Rate - Inflation

                               = 8% - 5%= 3%

7 0
3 years ago
A vice president of operations wants to evaluate the impact of reducing manufacturing expenses on the firm's return on assets. W
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a. Cost of Goods Sold

b. Net Profit Margin

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Answer:

Option B. Net Profit Margin

Explanation:

The increase or decrease in cost of Goods sold can not tell whether the return on assets has increased or decreased becuase it would only tell that the expense are decreased or increased not the profit. Which means it only tells one side of the story hence Option A is incorrect.

Option B is correct because it talks about the profit. If the manufacturing cost has been decreased then the it must increase the profit. Because if the profits has increased then the return on asset will increase. Hence the Option B is correct here.

Option D is incorrect because asset turnover formula is:

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3 0
3 years ago
A bed mart company is in the business of manufacturing beds and
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The maximum daily profit for the company is $860

<h3>What is an inequality</h3>

Inequality is an expression that shows the non equal comparison of two or more variables and numbers.

Let x represent the number of bed and y represent the number of pillow, hence:

4x + 2y ≤ 40    (1)

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From the graph, the solution is at:

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Profit = 80x + 55y = 80(8) + 55(4) = $860

The maximum daily profit for the company is $860

Find out more on inequality at: brainly.com/question/24372553

3 0
2 years ago
Currently, the yield curve is ascending. A customer believes that the Federal Reserve will start to tighten credit by raising sh
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Answer:

Short-selling long-term bonds and taking long position on short-term assets

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When the yield curve ascends, the long-term bond's price will go down. Hence, do short-sell the long-term bonds. On the other hand, short-term asset's price will be depreciated because Fed tightens credit and raise short-term rate, which is the chance to purchase and make profits from capital gains.

3 0
3 years ago
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