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NEW QUESTION 25
Managers of a milk processing company have hired an ad agency that proposed an advertising campaign to encourage the consumption of milk. Some managers are concerned that the advertisements do not promote the company itself. Under what circumstances would it be beneficial for the firm to adopt the campaign?

• A. The firm faces many strong competitors.
• B. The firm has a large market share.
• C. The firm is currently losing money.
• D. There is significant product differentiation in the milk industry.

Answer: B

NEW QUESTION 26
A weight loss clinic had 1,000 clients last year. The distribution of the changes in clients' weights is shown below.

Which of the following Excel formulas would correctly calculate the 95% confidence interval for the true average change in weight? Please note that the formula for calculating confidence intervals in Excel is =CONFIDENCE.NORM(alpha, standard_dev, size).

• A. -1.2 +- CONFIDENCE.NORM(0.025, 3.5, 1000)
• B. -1.2 +- CONFIDENCE.NORM(0.05, 2.3, 1000)
• C. -1.2 +- CONFIDENCE.NORM(0.05, 3.5, 1000)
• D. -1.2 +- CONFIDENCE.NORM(0.025, 2.3, 1000)

Answer: C

NEW QUESTION 27
A study was conducted to examine the effect of age, education level, number of minor legal offences, and daily alcohol consumption on annual income.

Which of the following hypothesis tests is NOT conducted in the multiple linear regression output table?

• A. A hypothesis test for the significance of education level on annual income, provided that age, number of minor legal offenses, and daily alcohol consumption remain constant
• B. A hypothesis test for the significance of all four independent variables on annual income
• C. A hypothesis test for the significance of annual income on the four independent variables
• D. A hypothesis test for the significance of age on annual income, provided that education level, number of minor legal offenses, and daily alcohol consumption remain constant

Answer: C

NEW QUESTION 28
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