Suppose the local Best Buy store averages 483 customers per day entering the facility with a standard deviation of 112customers. A random sample of 48 business days was selected
What is the probability that the average number of customers in the sample is between 480 and 500?A) 0.1579
B) 0.2521
C) 0.3377
D) 0.4284
D
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The ability of a country to produce or supply goods or services at a lower cost than other countries or to possess resources or unique services that are unavailable elsewhere is a:
A. national competitive advantage B. comparative advantage C. competitive advantage D. national advantage E. absolute advantage
Which of the following best describes a private label brand?
A) A retailer uses packaging as a form of advertising. B) A retailer develops a brand name and has a manufacturer put it on a product. C) A manufacturer puts its name on an unrelated product for a fee. D) A brand name is used throughout a series of products made by the same manufacturer. E) A brand is reintroduced in a new, often global, market.