In a local community there are three grocery chain stores. The three have been carrying out a spirited advertising campaign in which each claims to have the lowest prices

A local news station recently sent a reporter to the three stores to check prices on several items. She found that for certain items each store had the lowest price. This survey didn't really answer the question for consumers. Thus, the station set up a test in which 20 shoppers were given different lists of grocery items and were sent to each of the three chain stores. The sales receipts from each of the three stores are recorded in the data file Groceries.Based on a significance level of 0.05 and these sample data, test to determine whether blocking was necessary in this example. Use a test-statistic approach.A) Since 952.6155 > 1.8673 do not reject H0 and conclude that there is an indication that blocking was not effective.
B) Since 952.6155 > 1.8673 reject H0 and conclude that there is an indication that blocking was effective.
C) Since 102.2912 > 1.8673 do not reject H0 and conclude that there is an indication that blocking was not effective.
D) Since 102.2912 > 1.8673 reject H0 and conclude that there is an indication that blocking was effective.

B

Business

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Using the effective-interest amortization method, the calculation for the amount of premium amortization is the difference between the cash paid and the calculated interest expense

Indicate whether the statement is true or false

Business

Which of the following is most likely the final stage of the business buying decision process?

A) problem recognition B) product specification C) proposal solicitation D) order-routine specification E) supplier performance review

Business