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TABLE 12-3
The director of transportation of a large company is interested in the usage of her van pool.She considers her routes to be divided into local and non-local.She is particularly interested in learning if there is a difference in the proportion of males and females who use the local routes.She takes a sample of a day's riders and finds the following: She will use this information to perform a chi-square hypothesis test using a level of significance of 0.05.
-True or False: Referring to Table 12-3,the decision made suggests that there is a difference between the proportion of males and females who ride local versus non-local routes.
Sales Tax Payable
The amount of sales tax collected from customers that a business owes to the government.
Sales Tax
A tax imposed by a government on the sale of goods and services.
List Price
The manufacturer's suggested retail price of a product before any discounts or allowances.
Purchases Discount
A reduction in the amount payable by a buyer to a seller, if the payment on the purchase is made within a specified period.
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