Use the Following to Answer Questions : in a Survey

question 1

Multiple Choice

Use the following to answer questions : In a survey regarding job satisfaction, 574 in a sample of 934 female job-holders stated that they are satisfied with their jobs, while 500 in a sample of 755 male job-holders stated that they are satisfied with their jobs. The null hypothesis is that the proportions of all female and male job-holders who are satisfied with their jobs are the same. The alternative hypothesis is that the proportion of female job-holders who are satisfied with their jobs is lower than the proportion of male job-holders stated who are satisfied with their jobs. The significance level is 2.5%.
-What is the critical value of z for the hypothesis test?

• A)-1.96
• B)-2.17
• C)-2.33
• D)-2.05

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Definitions:

Planning

Selecting a course of action and specifying how the action will be implemented.

Control

Those steps taken by management to increase the likelihood that all parts of the organization are working together to achieve the goals set down at the planning stage.

Production Budget

A financial plan showing the number of units to be produced in a period to meet sales and inventory requirements.

Merchandise Purchases Budget

A detailed plan used by a merchandising company that shows the amount of goods that must be purchased from suppliers during the period.