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A Consulting Firm Examined the Profit of Two Grocery Stores

Question 32

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A consulting firm examined the profit of two grocery stores and found that over the last year at Grocery Store A 66.7% of the months showed profit while at Grocery Store B 83.3% showed
Profit. The table below summarizes the findings.  A consulting firm examined the profit of two grocery stores and found that over the last year at Grocery Store A 66.7% of the months showed profit while at Grocery Store B 83.3% showed Profit. The table below summarizes the findings.    On closer investigation, it was observed that there was a difference in profit between stores that served wealthier neighborhoods versus less wealthy. The following tables were created: Grocery stores serving wealthy neighborhoods:     \begin{array}{l} \text { Grocery stores serving less wealthy neighborhoods: }\\ \begin{array} { | l | c | c | c | c | }  \hline & \begin{array} { c }  \text { Months } \\ \text { Profit } \end{array} & \text { Months Loss } & \text { Total } & \% \text { months profit } \\ \hline \text { Grocery A } & 2 & 2 & 4 & 50.0 \% \\ \hline \text { Grocery B } & 1 & 1 & 2 & 50.0 \% \\ \hline \end{array} \end{array}  What can be assumed about the profit of grocery stores? A)  Grocery Store B has more consistent profit overall. B)  It is clear that less wealthy neighborhoods will not yield these grocery store profits. C)  It is unclear how to predict the profit of these grocery stores based on the wealth of Neighborhoods. D)  Grocery Store A showed less profit overall but showed greater profit in wealthier Neighborhoods. E)  There is no difference in profit overall with grocery stores in either wealthier versus less Wealthy neighborhoods.

On closer investigation, it was observed that there was a difference in profit between stores that served wealthier neighborhoods versus less wealthy. The following tables were created:
Grocery stores serving wealthy neighborhoods:
 A consulting firm examined the profit of two grocery stores and found that over the last year at Grocery Store A 66.7% of the months showed profit while at Grocery Store B 83.3% showed Profit. The table below summarizes the findings.    On closer investigation, it was observed that there was a difference in profit between stores that served wealthier neighborhoods versus less wealthy. The following tables were created: Grocery stores serving wealthy neighborhoods:     \begin{array}{l} \text { Grocery stores serving less wealthy neighborhoods: }\\ \begin{array} { | l | c | c | c | c | }  \hline & \begin{array} { c }  \text { Months } \\ \text { Profit } \end{array} & \text { Months Loss } & \text { Total } & \% \text { months profit } \\ \hline \text { Grocery A } & 2 & 2 & 4 & 50.0 \% \\ \hline \text { Grocery B } & 1 & 1 & 2 & 50.0 \% \\ \hline \end{array} \end{array}  What can be assumed about the profit of grocery stores? A)  Grocery Store B has more consistent profit overall. B)  It is clear that less wealthy neighborhoods will not yield these grocery store profits. C)  It is unclear how to predict the profit of these grocery stores based on the wealth of Neighborhoods. D)  Grocery Store A showed less profit overall but showed greater profit in wealthier Neighborhoods. E)  There is no difference in profit overall with grocery stores in either wealthier versus less Wealthy neighborhoods.
 Grocery stores serving less wealthy neighborhoods:  Months  Profit  Months Loss  Total % months profit  Grocery A 22450.0% Grocery B 11250.0%\begin{array}{l}\text { Grocery stores serving less wealthy neighborhoods: }\\\begin{array} { | l | c | c | c | c | } \hline & \begin{array} { c } \text { Months } \\\text { Profit }\end{array} & \text { Months Loss } & \text { Total } & \% \text { months profit } \\\hline \text { Grocery A } & 2 & 2 & 4 & 50.0 \% \\\hline \text { Grocery B } & 1 & 1 & 2 & 50.0 \% \\\hline\end{array}\end{array} What can be assumed about the profit of grocery stores?


A) Grocery Store B has more consistent profit overall.
B) It is clear that less wealthy neighborhoods will not yield these grocery store profits.
C) It is unclear how to predict the profit of these grocery stores based on the wealth of
Neighborhoods.
D) Grocery Store A showed less profit overall but showed greater profit in wealthier
Neighborhoods.
E) There is no difference in profit overall with grocery stores in either wealthier versus less
Wealthy neighborhoods.

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