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The results of a recent poll on the preference of shoppers regarding two products are shown below.
Product
ShoppersSurveyed
ShoppersFavoring
ThisProduct
A
800
560
B
900
612
At the 5% significance level, test the hypothesis that the population proportion of shoppers who favor B exceeds the percentage that favor A.
If a firm has a break-even point of 40,000 units and the contribution margin on the firm's single product is $4.00 per unit and fixed costs are $60,000, what will the firm's operating profit be at sales of 40,000 units?
It's almost six month later. Chelsea Club is selling for $44. Amanda's options are about to expire and Seth exercises.
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