Solved

To Compare the Effect of Weather on Sales of Soft

Question 18

Multiple Choice

To compare the effect of weather on sales of soft drinks, a soda manufacturer sampled two regions of the country with the following results. Is there a difference in sales between the 2 regions? To compare the effect of weather on sales of soft drinks, a soda manufacturer sampled two regions of the country with the following results. Is there a difference in sales between the 2 regions?   i. Using the 1% level of significance, the critical value is ±2.58.  ii. The z-statistic is 3.57. Iii)  Your decision is to reject the null hypothesis A)  (i) , (ii)  and (iii)  are all correct statements B)  (i)  and (ii)  are correct statements, but not (iii) . C)  (i)  and (iii)  are correct statements but not (ii) . D)  (ii)  and (iii)  are correct statements but not (i) . E)  (ii)  is a correct statement, but not (i)  and (iii) . i. Using the 1% level of significance, the critical value is ±2.58.
ii. The z-statistic is 3.57.
Iii) Your decision is to reject the null hypothesis


A) (i) , (ii) and (iii) are all correct statements
B) (i) and (ii) are correct statements, but not (iii) .
C) (i) and (iii) are correct statements but not (ii) .
D) (ii) and (iii) are correct statements but not (i) .
E) (ii) is a correct statement, but not (i) and (iii) .

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions