# STATS Final Exam (100% Score) - 94025

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Question

1. A sales manager for an advertising agency believes that there is a relationship between the number of contacts that a salesperson makes and the amount of sales dollars earned. What is the dependent variable?
number of contacts
amount of sales dollars
sales managers
salesperson
2. The manager of Paul's fruit and vegetable store is considering the purchase of a new seedless watermelon from a wholesale distributor. Since this seedless watermelon costs \$4, will sell for \$7, and is highly perishable, he only expects to sell between six and nine of them. What is the opportunity loss for purchasing nine watermelons when the demand is for seven watermelons?
8
0
4
12
3. A machine is set to fill the small-size packages of M&M candies with 56 candies per bag. A sample revealed three bags of 56, two bags of 57, one bag of 55, and two bags of 58. To test the hypothesis that the mean candies per bag is 56, how many degrees of freedom are there?
7
9
1
8
4. Checklists with several items to be considered by respondents may be subject to _____.
leniency effects
recency effects
halo effects
primacy effects
5. When data is collected using a qualitative, nominal variable, what is true about a frequency distribution that summarizes the data?
The “5 to the k rule” can be applied.
A pie chart can be used to summarize the data.
The number of classes is equal to the number of variables plus 2.
The upper and lower class limits must be calculated
6. Kroger, a grocery store chain, wants to identify the ideal store layout for increasing store sales. Because it primarily uses two store designs, one a grid layout with vertical aisles divided by a center aisle and another using a traditional straight-aisle pattern, Kroger will match pairs of stores that have different designs but similar shopper demographics and location. Sales from each pair will then be compare

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