TABLE 12-3 The Director of Transportation of a Large Company Is Interested

question 147

Short Answer

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.
-Referring to Table 12-3, the overall or mean proportion of local riders is ________.

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Definitions:

Common Stock

A type of security that represents ownership in a corporation, entitling the holder to vote on corporate matters.

Par Value

The face value of a bond or stock as stated by the issuing company.

Cash Dividend

A disbursement by a company to its stockholders, typically coming from earnings.

Board of Directors

A group of individuals elected by the shareholders of a corporation to oversee and make major decisions regarding the company's affairs.