Maureen McIlvoy, Owner and CEO of a Mail Order Business $\neq$

question 70

Multiple Choice

Maureen McIlvoy, owner and CEO of a mail order business for wind surfing equipment and supplies, is reviewing the order filling operations at her warehouses.Her goal is 100% of orders shipped within 24 hours.In previous years, neither warehouse has achieved the goal, but the West Coast Warehouse has consistently out-performed the East Coast Warehouse.Her staff randomly selected 200 orders from the West Coast Warehouse (population 1) and 400 orders from the East Coast Warehouse (population 2) , and reports that 190 of the West Coast Orders were shipped within 24 hours, and the East Coast Warehouse shipped 372 orders within 24 hours.Maureen's alternative hypothesis is _______.

• A)p₁ - p₂ \(\neq\) 0
• B)\(\mu\)₁ - \(\mu\)₂ > 0
• C)p₁ - p₂ > 0
• D)\(\mu\)₁ - \(\mu\)₂ \(\neq\)0
• E)\(\mu\)₁ - \(\mu\)₂ ≥ 0

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Definitions:

Gross Investment

The total amount of investment spent on new fixed investment plus replacement investment, without accounting for depreciation.

Net Investment

The total amount invested in buying new capital and replacing depreciated capital within a specific period.

Potential Output

The highest level of real GDP that can be sustained over the long term without increasing inflation, reflecting the maximum productive capacity of an economy.

Labor Force

The total number of people who are employed and unemployed but seeking work within an economy.