SERE RE
a.
Which of the following equations correctly describes how to calculate gross profit?
gross profit = (net sales) - (cost of goods sold)
b. gross profit = (cost of goods sold) - (net sales)
gross profit = (net income) - (operating expenses)
d. gross profit = (operating expenses) - (net income)
C.

Recall that the owner of a local health food store recently started a new ad campaign to attract more business and wants to know if average daily sales have increased. historically average daily sales were approximately $2,700. the upper bound of the 95% range of likely sample means for this one-sided test is approximately $2,843.44. if the owner took a random sample of forty-five days and found that daily average sales were now $2,984, what can she conclude at the 95% confidence level?