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TABLE 10-11
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 10-11, what is/are the critical value(s) when performing a Z test on whether population proportions are different if α = 0.05?
Promotions
Marketing strategies aimed at increasing customer awareness, sales, and interest in a product or service.
Complementary Products
Products that are used together or enhance the value or experience of each other, leading to increased demand when sold together.
Marked Down
Refers to products that have their prices reduced, usually to encourage quick sales or clear out inventory.
Demand Increase
A rise in the quantity of a product or service that consumers are willing and able to purchase at a given price over a certain period of time.
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