What is the total purchased cost?
A) 280,000
B) 192,000
C) 88,000
D) 472,000
Question 2
An online retailer wanted to see if purchasing patterns were different between male consumers and female consumers.
Males were found to have spent a mean of 85 per month on online purchases, whereas females were found to have spent a mean of 78 per month. An independent samples t-test was conducted to assess the observed difference between the two groups of consumers. A two-tailed test was applied. The value of the t-Test Statistic for the observed differences was -4.7, where the p-value is less than 0.0002. What conclusion can be made about the observed difference?A) There is a statistically significant difference between the two groups of consumers.
B) There is statistically no significant difference between the two groups of consumers.
C) The independent samples t-test is not the appropriate hypothesis-testing procedure.
D) There is not sufficient information to conclude.
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Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price.