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.
Answer:
correct option is C) provide recommendations after a discussion amongst department members
Explanation:
we know here that when we find that is problem solving
if we implement all recommendation they may be differ it will create more problem and if we try to resolve in problem by separate separate department then department to department will be dispute
so among all the given option
correct option is best recommendation is that after discussion among all the department then recommend so problem can be solve
so correct option is C) provide recommendations after a discussion amongst department members
Answer:
Up selling
Explanation:
Up selling is a sales strategy. It is an attempt at making more sales using persuasion. It is different from cross-selling in that the customer is not asked to purchase a new item but only purchase a more expensive product or even simply an add-on to the already bought product he/she has.
While it is allowed in terms of ethical consideration to persuade the customer to purchase through up selling, it however becomes unethical when the sales person starts to push the sale. What is meant by pushing the sales refer to the use of half truth or falsehood to literally trick the customer into getting the product. This is an ethical issue and be tried in a capable court of law
Answer: increase, while the revenue that is generated from the tax would reduce.
Explanation:
Deadweight loss occurs when there's a decline in total surplus which is due to the fact that there's a distortion in the market. Social Security tax is a tax that's imposed by the government on the employers and the workers in the country which is used to cater for the old, disabled, veterans etc.
Based on the scenario in the question, we would expect the deadweight loss from the Social Security tax to increase, while the revenue that is generated from the tax would reduce.
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