A Company Believes That It Controls More Than 30% of the Total

question 39

Multiple Choice

A company believes that it controls more than 30% of the total market share for one of its products.To prove this belief, a random sample of 144 purchases of this product is contacted.It is found that 50 of the 144 purchases were of this company's brand.If a researcher wants to conduct a statistical test for this problem, the alternative hypothesis would be _______.

• A)the population proportion is less than 0.30
• B)the population proportion is greater than 0.30
• C)the population proportion is not equal to 0.30
• D)the population mean is less than 40
• E)the population mean is greater than 40

---

Definitions:

Compensation

Payment or reward given for services or to cover losses or damages, often relating to employment.

Remuneration

Compensation or payment received for services or employment, including wages, salaries, and bonuses.

Time-and-A-Half

A pay rate that is 1.5 times the employee's standard hourly rate, typically paid for overtime work.

Graduated Commission

A commission structure where the rate of commission increases with the amount of sales or revenue generated.