Maxwell Cantor, VP of Human Resources of Asimov Aerospace Industries $\alpha$

question 30

Multiple Choice

Maxwell Cantor, VP of human resources of Asimov Aerospace Industries Inc., is reviewing the technical certifications of employees in different divisions of the company.His goal is to have at least 90% of technical employees with up-to-date certifications.The north-east division typically has maintained higher rates of up-to-date certifications than the southern division.He selects a random sample of 250 employees from the north-east division and 300 from the southern division and finds out that the number of employees with up-to-date certifications are 230 in the north-east division and 265 in the southern division.Assuming $\alpha$ = 0.01, the critical z value is ______.

• A)−2.33
• B)1.645
• C)1.96
• D)2.33
• E)2.576

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Definitions:

Rate Variance

The difference between an expected or standard cost and the actual cost incurred, often used in budgeting and financial analysis to gauge performance.

Standard Wage Rate

The predetermined rate of pay for a specific job or task over a set time period.

Wage Rate

The amount of compensation paid to an employee per unit of time (e.g., hour, day, week) for their labor.

Direct Materials Quantity Variance

This measures the difference between the actual quantity of materials used in production and the standard amount expected to be used.