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TABLE 12-18
The director of transportation of a large company is interested in the usage of the company's van pool program.She surveyed 129 of her employees on the usage of the program before and after a campaign to convince her employees to use the service and obtained the following: She will use this information to perform a test using a level of significance of 0.05.
-Referring to Table 12-18,the director now wants to know if the proportion of employees who use the service before the campaign and the proportion of employees who use the service after the campaign are the same.What should be her conclusion?
Demand Curve
A graph showing the relationship between the price of a good and the quantity of that good that consumers are willing and able to purchase at various prices.
Budget Line
A graphical representation of all possible combinations of two goods that can be purchased with a given budget at specific prices.
Demand Schedule
A table that shows the quantity of a good that consumers are willing and able to purchase at various prices.
Total Utility
The overall satisfaction or value a consumer derives from consuming a certain amount or quantity of goods and services.
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