Question 11
A new weather forecast predicts a storm for Saturday. On Saturday, there will be an outdoor soccer match and an indoor basketball game played. If sports fans enjoy all types of sports, what will happen to ticket sales for both games?
Question 12
In calculating cash flows, which of the following scenarios would lead to a decrease in net working capital?
Question 13
ABC Furniture Store recently hired a new salesperson and wished to examine how that affected the store's daily furniture sales. Prior to the new salesperson's hire, the store averaged $10,000 worth of sales per day with a standard deviation of $1,500. The store's manager took a random sample of 100 days after the salesperson's date of hire and found that the store averaged $11,500 worth of sales per day. Which of the following options would correctly calculate the 95% range of likely sample means for this hypothesis test? Note that the Excel function is: =CONFIDENCE.NORM(alpha, standard_dev, size)
Question 14
A grocery store has recently begun selling a new brand of milk for the same price as the brand of milk it already carries. After a few weeks, the grocery store finds that no one is buying the original brand of milk anymore. Which of the following scenarios could explain this situation?
Question 15
A serious drought has created a shortage of food across the country. In an attempt to maximize profits, one grocery store decided to auction off its limited supply of food. Which of the following scenarios is the MOST likely to occur in this situation?