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TABLE 12-8
The director of transportation of a large company is interested in the usage of the company's van pool program. She surveyed 129 of her employees on the usage of the program before and after a campaign to convince her employees to use the service and obtained the following:
She will use this information to perform test using a level of significance of 0.05.
-Referring to Table 12-8, the director now wants to know if the proportion of employees who use the service before the campaign and the proportion of employees who use the service after the campaign are the same. She should reject the null hypothesis using a 5% level of significance.
Chattel Paper
A document or electronic record indicating both a monetary obligation and a security interest in or a lease of specific goods.
Monetary Obligation
A required payment of money owed by one party to another, typically defined by the terms of a contract or agreement.
Security Interest
A legal claim or lien on collateral or property, given by the borrower to the lender, to secure repayment of a loan.
Purchase-Money Security Interest
A legal claim that allows a lender to repossess or foreclose on property financed through debt if the borrower defaults, specifically relating to the item purchased.
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