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dedylja [7]
4 years ago
7

Consider the following hypothesis test: 1. A manufacturer takes a sample of 125 consumers. 2. They suspect that over 75% of cons

umers will buy their brand of product. 3. The survey results are that 92 out of 125 of the consumers indicated they will buy the product. What is the value of?
Business
1 answer:
mr_godi [17]4 years ago
6 0

Answer:

C) 0.736

Explanation:

In statistics, p is the probability of obtaining a positive result in a test. P should prove the validity of a null hypothesis. When larger populations are used, p should follow a standard distribution, but this is not the case.

To calculate p in this survey, we must divide the number of positive responses by the total number of responses = 92 / 125 = 0.736

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Jane: "I'll pay you $50 if you will clean my windows."
Vikentia [17]

Answer:

B. There is no contract

Explanation: A contract is an agreement between two or more people to enter into a relationship which can be a business relationship or other types of Relationship.

FOR A CONTRACT TO BE BINDING IT MUST MEET CERTAIN CRITERIA WHICH INCLUDES

(1) CONSENT OF THE PARTIES INVOLVED.

(2) THE PARTIES INVOLVED MUST BE OF SOUND MIND ESPECIALLY AS AT THE TIME THE CONTRACT IS BEING SIGNED

(3) THE CONTRACT MUST BE LEGAL ETC.

Between Jane and Al there is no contract as Al does not agree with the proposal of Jane.

4 0
3 years ago
Stacy is going to the store to buy milk and cereal. She will most likely use ____ in her consumer decision-making process.A) Rou
alexira [117]

Answer:

Letter A is correct. <u>Routine response behavior.</u>

Explanation:

Routine response behavior is a buying decision making process characterized by the act of a consumer purchasing a product or service that he has previously purchased, ie, it is configured as a usual buying scenario, the consumer already has experience buying certain products. and the purchase decision occurs automatically and routinely.

Generally this buying behavior occurs with non-durable consumer goods, which are those used consistently by the consumer, such as food, medicines and cleaning products.

4 0
3 years ago
Supply chain complexity and scale increases when firms move to globalization. manage the procurement, manufacturing, and distrib
Nostrana [21]

Answer:

C. produce products and services that coordinate with hundreds or more firms and suppliers.

Explanation:

  • A supply chain complexity increase as the firms moves in an inter-connected and interdependencies network where a change in one element has an effect on the other elements,
  • And is caused by a variety of factors and s often due to the rising consumer expectation and expanded product and services and is coordinated with hindered or more firms and suppliers.
8 0
3 years ago
Reasons as to why we carry out stovk taking<br>​
Schach [20]

Answer:

The importance of stocktaking is clear. It allows you to regularly monitor and increase gross profit, reduce loss, improve control of allowances, and reduce waste

Explanation:

5 0
3 years ago
Read 2 more answers
11. Nadine is retiring at age 62 and expects to live to age 85. On the day she retires, she has $402,000 in her retirement savin
Svet_ta [14]

Answer:

E. $2,688.77

Explanation:

We need to calculate the PMT of an ordinary annuity at 6%

PV \div \frac{1-(1+r)^{-time} }{rate} = C\\

PV 402,000

time:

85 years - 62 years = 23 years of retirement

23 years  x   12 months per year = 276 months

rate: 6% annual rate we must divide over 12 months to convert into monthly: 0.06/12 = 0.005

402000 \div \frac{1-(1+0.005)^{-276} }{0.005} = C\\

C  $ 2,688.766

<em>She can withdraw 2,688.76 per month</em>

7 0
3 years ago
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