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TABLE 10-10 A Corporation Randomly Selects 150 Salespeople and Finds That 66

question 41

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TABLE 10-10
A corporation randomly selects 150 salespeople and finds that 66% who have never taken a self-improvement course would like such a course. The firm did a similar study 10 years ago in which 60% of a random sample of 160 salespeople wanted a self-improvement course. The groups are assumed to be independent random samples. Let π₁ and π₂ represent the true proportion of workers who would like to attend a self-improvement course in the recent study and the past study, respectively.
-Referring to Table 10-10, what is/are the critical value(s) when performing a Z test on whether population proportions are different if α = 0.05?

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Definitions:

Pellet Mill

A machine or device for producing pellets from powdered material by pressing, forming, or extruding it, commonly used in the manufacturing of animal feed or wood pellets.

Marginal Tax Rate

The rate of tax that applies to the last dollar of the taxpayer's income, affecting additional income earned.

Salvage Value

The projected value at which an asset can be sold after its usage period has ended.

Net Investment

The total amount of money spent on acquiring or maintaining fixed assets after accounting for depreciation.

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